Southwest Airlines (LUV) Hits New All-Time High as Travel Sector Picking Up
Southwest Airlines Co. (NYSE:LUV) is one of the stocks that are flying past expectations.
Southwest Airlines rallied for the third day on Thursday to hit a new all-time high as investors gobbled up shares ahead of the upcoming earnings season, buoyed by growth expectations in the airline industry.
At intra-day trading, Southwest Airlines Co. (NYSE:LUV) grew to a new all-time high of $37.85 before paring gains to end the day just up by 8.14 percent at $37.35 apiece, likely boosted by Delta Airlines’ comments that travel demand is beginning to stabilize.
Investors took the comment as a cue that the airline sector, despite the headwinds, would report positive earnings results for the second quarter of the year.
A commercial Boeing 737 aircraft flying in the sky with the well-known SWABIZ logo on it.
Southwest Airlines Co. (NYSE:LUV) is expected to release the results of its financial and operating performance for the second quarter on July 24, 2025.
For the April to June period, Southwest Airlines Co. (NYSE:LUV) expects revenue per available seat mile to remain flat or down by 4 percent year-on-year, with available seat miles pegged to increase by 1 to 2 percent.
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Disclosure: None. This article is originally published at Insider Monkey.
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