Shares of Southwest Airlines Co. LUV rallied 1.54% to $30.27 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.08% to 43,461.21 and the S&P 500 Index SPX falling 0.50% to 5,983.25.
Investors, shrugging off ongoing concerns around trade and inflation, are searching for the next catalyst to send stocks higher.
That lags the S&P 500, which gained 15 percent during ... And while costs went up for many airlines during that same period, Southwest’s have outpaced the increases of its competitors.
Stock futures moved higher as investors readied for corporate earnings in a shortened trading week; Intel shares advanced on reports that Broadcom and Taiwan Semiconductor Manufacturing Co.; Walmart’s report this week comes amid a strong earnings season for the S&P 500.
In September last year, Southwest Airlines announced a three-year “transformational plan” that it expects will generate $500 million in cost savings by 2027. Related: This is why airlines are ...
Southwest Airlines (LUV) is about to implement its first-ever major job cut in 53 years, reducing 15% of its corporate staff. The layoffs are aimed at cutting costs and streamlining operations.
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