We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Southwest (LUV) CEO Sees a Cloud Cast Over Travel Recovery
Read MoreHide Full Article
With coronavirus cases noticing a relapse in the United States, the slight recovery in air-travel demand suffered a setback. As a result, carriers like American Airlines (AAL - Free Report) , United Airlines (UAL - Free Report) and JetBlue Airways (JBLU - Free Report) provided drab fourth-quarter 2020 updates due to the slowdown in air-travel demand.
Recently, Southwest Airlines (LUV - Free Report) CEO Garry Kelly echoed similar sentiments and went a step ahead in admitting reportedly that he expects “really rough months” in early 2021. Apart from weakness in air-travel demand, the fact that demand is usually low in January and February actually provoked Kelly’s warning.
Emphasizing this bleak scenario, Kelly said that currently, domestic travel is only at around 33% of the year-ago levels. The situation pertaining to international travel is even worse, trending at around 15% of the 2019 levels due to various restrictions.
On a brighter note, Kelly expects the Dallas-based carrier, currently carrying a Zacks Rank #3 (Hold), to lose less money in the final quarter of 2020 on a sequential basis. Notably, the airline incurred a net loss of $1,157 million in third-quarter 2020. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Another cheerful update was that despite the pandemic stress, the carrier will not hold back its expansion plans. Per Kelly, the carrier will continue to broaden its network by flying to cities beyond the 10 already announced for 2020 and 2021.
Due to coronavirus-induced lackluster air-travel demand, shares of Southwest Airlines have dipped 2% since the beginning of March against the Zacks Transportation sector's growth of 29.7%.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Image: Bigstock
Southwest (LUV) CEO Sees a Cloud Cast Over Travel Recovery
With coronavirus cases noticing a relapse in the United States, the slight recovery in air-travel demand suffered a setback. As a result, carriers like American Airlines (AAL - Free Report) , United Airlines (UAL - Free Report) and JetBlue Airways (JBLU - Free Report) provided drab fourth-quarter 2020 updates due to the slowdown in air-travel demand.
Recently, Southwest Airlines (LUV - Free Report) CEO Garry Kelly echoed similar sentiments and went a step ahead in admitting reportedly that he expects “really rough months” in early 2021. Apart from weakness in air-travel demand, the fact that demand is usually low in January and February actually provoked Kelly’s warning.
Emphasizing this bleak scenario, Kelly said that currently, domestic travel is only at around 33% of the year-ago levels. The situation pertaining to international travel is even worse, trending at around 15% of the 2019 levels due to various restrictions.
On a brighter note, Kelly expects the Dallas-based carrier, currently carrying a Zacks Rank #3 (Hold), to lose less money in the final quarter of 2020 on a sequential basis. Notably, the airline incurred a net loss of $1,157 million in third-quarter 2020. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Another cheerful update was that despite the pandemic stress, the carrier will not hold back its expansion plans. Per Kelly, the carrier will continue to broaden its network by flying to cities beyond the 10 already announced for 2020 and 2021.
Due to coronavirus-induced lackluster air-travel demand, shares of Southwest Airlines have dipped 2% since the beginning of March against the Zacks Transportation sector's growth of 29.7%.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>