Southwest Airlines (LUV)
by Zacks Equity ResearchJuly 18, 2012 | Comments : 0 Recommended this article: (0)
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This lower cost, along with the cost-cutting measures, would offset high maintenance costs associated with the fleet modernization program amid the ongoing market turmoil. Additionally, Southwest is poised to benefit from fleet rightsizing, the Evolve retrofit program, steady capacity growth, All-New Rapid Rewards and several ancillary revenues.
The AirTran merger will also provide additional synergies when integrated with the company's livery, starting this year. Hence, we have an Outperform rating with a target price of $11, based on 13.75x our earnings estimate for 2012.
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