Southwest Airlines Co (LUV - Free Report) is planning to expand its footprint in Chicago, IL and Houston, TX. To this end, the airline intends to add services from Chicago O'Hare International Airport and George Bush Intercontinental Airport.
The new service from Chicago O'Hare will complement the carrier’s existing operations from its hub at Chicago Midway International Airport. Having launched operations in Chicago in 1985, Midway has been one of Southwest’s busiest airports.
The new service from George Bush Intercontinental will mark the carrier’s return to the airport. Southwest, which has its existing operation at William P. Hobby Airport in Houston, served George Bush airport till 2005. The Dallas, TX-based low-cost carrier expects to begin operations in both the abovementioned airports in the first half of 2021.
Zacks Rank & Key Picks
Southwest carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Transportation sector are Expeditors International of Washington Inc (EXPD - Free Report) , Old Dominion Freight Line Inc (ODFL - Free Report) and Knight-Swift Transportation Holdings Inc (KNX - Free Report) . While Expeditors carries a Zacks Rank #2 (Buy), Old Dominion and Knight-Swift sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Expeditors, Old Dominion and Knight-Swift have rallied more than 19%, 58% and 12% respectively so far this year.
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