Southwest Airlines (LUV) under pressure.

Bernstein analyst David Vernon downgraded Southwest Airlines (LUV) to Underperform from Market Perform, lowering the price target. The Southwest Airlines Thesis: The 2024 outlook could be worse than anticipated as the company faces several headwinds, including fleet constraints and shifting demand patterns. The management's decision to lower capacity in 2024 is seen as a step in the right direction, but it may take time to develop a new strategy and optimize the network.

January 08, 2024
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