Reported 2 days ago
Southwest Airlines' stock plunged 11.9% after it reported disappointing earnings, missing analyst expectations for both profits and sales. The airline's earnings fell 33% year-over-year, leading to a significant decline in profit margins, primarily due to rising salaries and landing fees. Despite announcing a $2 billion stock buyback and forecasting better earnings ahead, analysts are cautious about the stock's high valuation relative to future growth potential.
Source: YAHOO