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Stock impact report

Is Southwest Airlines Co (LUV) the Best Airline Stock to Buy Now? [Yahoo! Finance]

Southwest Airlines Company (LUV) 
Last southwest airlines company earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.southwest.com
Company Research Source: Yahoo! Finance
The global airline industry was hit worse than most other industries by the COVID-19 pandemic. According to McKinsey, the industry's revenue in 2020 was $328 billion, representing a revenue loss of more than $370 billion over 2019. However, the industry has progressively rebounded in recent years and is expected to rise steadily as international travel returns worldwide. Back in 2023, the aviation value chain seemed encouraging compared to a couple of years prior. Jet fuel manufacturers, who profited from higher gasoline prices, and freight forwarders, having continued to enjoy robust air cargo demand, made the most money. On the other hand, airports, airlines, and OEMs faced the biggest losses in absolute terms. That said, the aggregate results, boosted by the continued recovery in air travel, were a substantial improvement over 2022, when economic losses across the entire chain reached almost $67 billion. On that front, McKinsey stated that 9 of the 11 subsectors the firm analyze Show less Read more
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