Reported 1 day ago
Southwest Airlines Co. (NYSE:LUV) saw its stock drop by 11.16% to $33.26, breaking a four-day streak, due to disappointing earnings and a weak growth forecast. In Q2, net income plunged 42% to $213 million compared to the previous year, while overall revenues also saw a slight decline. Looking forward, the airline predicts a modest revenue outlook, announcing a $2 billion share buyback program amidst cautious sentiments from investors.
Source: YAHOO