Citi analyst Stephen Trent maintains $Southwest Airlines (LUV.US)$ with a hold rating, and adjusts the target price from $28.25 to $31.5.
According to TipRanks data, the analyst has a success rate of 57.0% and a total average return of 15.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Southwest Airlines (LUV.US)$'s main analysts recently are as follows:
The moderation of capacity growth in the airline industry is likely not complete, considering the current dynamics between supply and demand. This moderation, along with sustained positive demand and decreasing interest rates, suggests a favorable industry environment heading into the fourth quarter. Potential factors such as the upcoming elections, geopolitical tensions, and possible labor disputes could, however, introduce volatility in investor sentiment. The improved unit revenue and marginally reduced fuel costs in the third quarter underpin the positive outlook for the industry.
September may represent a pivotal moment for airline normalization, with a slight rationalization of U.S. domestic schedules contributing to an increase in Q3 RASM, according to an industry expert. This could create a foundation for U.S. airlines to experience sequential improvements in Q4 and carry momentum into 2025.
Note:
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