FAA Extends Flight Delays for Third Consecutive Day Amid Government Shutdown, Reports Reuters
Written by Emily J. Thompson, Senior Investment Analyst
FAA Flight Delays: The FAA has delayed flights at major airports for three consecutive days due to staffing shortages, resulting in nearly 3,000 delays by Wednesday evening.
Impact of Government Shutdown: The delays are largely attributed to air traffic controller absences amid an ongoing government shutdown, which has now reached its eighth day.
Analyst Views on LUV
Wall Street analysts forecast LUV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LUV is 34.00 USD with a low forecast of 28.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
2 Buy
7 Hold
2 Sell
Hold
Current: 43.100
Low
28.00
Averages
34.00
High
42.00
Current: 43.100
Low
28.00
Averages
34.00
High
42.00
About LUV
Southwest Airlines Co. (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company's fare products include four categories: Wanna Get Away, Wanna Get Away Plus, Anytime, and Business Select to provide customers options when choosing a fare. It also offers ancillary services, such as EarlyBird Check-In, Upgraded Boarding, and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies. Its Rapid Rewards loyalty program enables program members to earn points for every dollar spent on Southwest base fares, also including purchases paid with LUV Vouchers, gift cards, or flight credit, with no portion of the purchase price paid with Rapid Rewards points. It operates over 803 Boeing 737 aircraft in its fleet and serves 117 destinations in 42 states, the District of Columbia, the Commonwealth of Puerto Rico, and ten near-international countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
