Reported 3 months ago
Southwest Airlines has announced significant changes, including the end of its iconic open seating policy, shifting to assigned seats based on customer preferences. Despite a rise in second-quarter revenue to $7.35 billion, the airline's earnings dropped over 46% to $367 million. Analysts have reacted by adjusting their stock price targets, with Citi lowering its target to $28.25 and Deutsche Bank shifting to a hold rating at $29, citing concerns over the company's current management strategy and execution risks associated with the new initiatives.
Source: YAHOO