The firm trimmed its price target on the airline’s shares, but still sees upside of 27%.
Southwest Airlines is still a stock worth buying despite the recent bout of flight cancellations, according to
Research. analyst Colin Scarola maintained his rating of the stock as a buy. But he lowered the price target to $41 per share from $47, citing damage to the brand after it canceled thousands of flights in recent days amid scheduling challenges coming out of the winter storm last week. Scarola's new price target implies a 27.4% upside over where the stock closed Wednesday. He said the stock's drop this month on the back of the cancellations has made it a smart time to buy in.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Did a Southwest Airlines Pilot Post on Facebook, 'Southwest Airlines Has Imploded'?Facebook users copied and pasted a post about a supposed Southwest Airlines pilot as the company struggled with canceled flights in December 2022.
Read more »
Southwest Airlines meltdown worsens; California airports hard hit with mass cancellationsThousands of Southwest Airlines’ travelers remained stranded at airports across the country Tuesday morning. Airlines canceled more than 2,800 flights Tuesday morning, the majority of them — 2,526 flights — with Southwest Airlines.
Read more »
Southwest Airlines' holiday travel nightmare draws government irePresident Biden, members of his administration and lawmakers are taking aim at Southwest Airlines amid an ongoing holiday travel debacle in which the company has canceled more than 5,000 flights in the past two days, leaving passengers stranded across the country.
Read more »
Southwest Airlines continues canceling thousands of flights as New Year holiday approachesAlmost 3,000 flights within, into or out of the US have already been canceled for Tuesday, according to FlightAware, and roughly 2,575 were those of Southwest.
Read more »
The real reason behind Southwest Airlines’ post-Christmas meltdownThe real reason behind Southwest Airlines' post-Christmas meltdown
Read more »
Southwest Airlines' operational meltdown continues as most flights into, out of Hopkins are canceledThe airline canceled more than 2500 flights — on top of the nearly 3000 flights canceled on Monday — leaving passengers to find a different way of returning home from their holiday destinations
Read more »