Latest news with #lowcosttravel
Skift
07-07-2025
- Business
- Skift
AirAsia Orders 50 Long-Range Airbus Jets in $12 Billion Deal to Extend Global Reach
The A321XLR flies farther, burns less fuel, and doesn't come with the high costs of bigger aircraft. AirAsia surely seems to be betting on smaller planes to do big things. AirAsia on Saturday announced one of the biggest aircraft purchases in its history. The Malaysian budget carrier signed a deal worth $12.25 billion for 50 Airbus A321XLR jets, with options for 20 more. The planes will start arriving in 2028 and keep coming through 2032. According to Tony Fernandes, CEO of AirAsia parent Capital A, the goal is to create "the world's first low-cost network carrier," something that works like full-service airlines such as Emirates or Qatar Airways, but at a fraction of the cost. "We pioneered low-cost travel in Asia – now, we are taking it to the next level," Fernandes said. "We gave people in Asean the opportunity to explore Asia – now we want the world to see Asean, and Asean to see the world. The A321XLR and A321LR are the game-changers enabling this vision." News reports quoting Fernandes said the airline is in advanced discussions with aircraft makers for a potential order of up to 150 planes. While AirAsia has not yet confirmed the specific aircraft model, it is reportedly talking to multiple manufacturers, including Embraer and Airbus. The airline is expected to make an announcement by next month. AirAsia signed its latest Airbus XLR deal in Paris, during the Malaysian Prime Minister's visit to France. The A321XLR stands for "extra long range." Even as it is a narrow-body jet, meaning it has a single aisle, these new A321XLR jets can fly much farther than regular narrow-body planes. While a regular A321 can fly about 4,000 miles, the XLR can go up to 4,700 miles. That opens up connectivity options from Southeast Asia to parts of Europe or reach deep into Central Asia and the Middle East. Business Case Behind the Order AirAsia already has a massive order book. The airline group has commitments for over 300 Airbus planes across its operations in Malaysia, Thailand, Indonesia, the Philippines, and Cambodia. This new order adds to 20 A321XLRs they already ordered. During the Airbus leadership's visit to AirAsia headquarters last year, Fernandez said, 'Our commitment to Airbus never faltered, even through the pandemic. As one of their biggest customers, we have an orderbook of 647 aircraft consisting of 612 A320 Family and 35 A330 Family aircraft with another 362 A321neo, 20 A321XLR and 15 A330neo to be delivered over the next decade.' Talking about the XLRs, AirAsia said in a release, "The A321XLR also offers up to 20 per cent lower fuel burn per seat than the Airbus A321neo aircraft, significantly improving emissions performance and operating efficiency." The longer range opens up markets AirAsia couldn't reach before. Fernandes mentioned several regions where the airline sees opportunity. Reaching New Markets Saudi Arabia tops the list. The kingdom is spending billions on tourism and Fernandes called it a "potential hub" and a priority market for AirAsia along with United Arab Emirates and Bahrain. The airline is also looking at Central Asian countries like Kazakhstan and Uzbekistan. "These are great markets and great for our whole network," Fernandes said during the Paris Air Show. The ariline also said it plans to open a new hub in the Gulf before the end of the year to tap Europe-bound traffic. The four airports it is considering also includes Ras Al Khaimah in UAE. China remains strong despite geopolitical tensions. Ferandes said AirAsia is the largest international airline flying into China, serving over 20 destinations. India is "booming" for the carrier. Timing and Delivery Challenges The first A321XLR won't arrive until 2028. That's partly because Airbus has a huge backlog of orders. But speaking with CNBC at the Paris Air Show last month, Fernandes said the aircraft delivery timing actually worked out during the pandemic recovery. "In some ways, it's not been bad, because we're coming out of Covid, and so we're getting all our planes back in," he said. "We were lucky in a strange way, that we weren't so affected because we were getting back from the horrible Covid era." AirAsia will start taking delivery of the shorter-range A321LR version in 2026, with four planes arriving that year. The airline is reportedly trying to negotiate earlier delivery dates for the XLR version. Having carried over 63 million passengers in 2024, AirAsia wants to carry 150 million passengers annually by 2030. The new aircraft are central to reaching that goal. Whether this strategy works depends on execution. Operating a network airline is more complex than running point-to-point flights. Capital A CEO Tony Fernandes at Skift Global Forum East in Dubai
CNN
23-06-2025
- CNN
London to Sweden for the day: These travelers are embracing extreme day trips
After scoring a rock-bottom fare on Ryanair from London to Gothenburg, Graham Earl, his wife and their two daughters flew to Sweden for the day this past May to visit a popular theme park. The family caught an early morning flight from London Stansted Airport, grabbed a ride share to the park after landing in Gothenburg and arrived just as Liseberg's gates opened at 11 a.m. They spent the entire day tackling the rides and shows with their daughters, ages 11 and 13, and enjoyed a meal at an Italian restaurant before leaving for the airport at 9 p.m. to catch their flight home. The Earls' flights cost £24.99 (around $34) each, roundtrip. Add to that four theme park tickets and other expenditures for the day and the total came out to roughly the same as what the family would have spent for entry tickets alone to an amusement park near their home on England's South Coast, Earl says. For the foursome, the Swedish jaunt was one of five day trips around Europe they've taken so far this year. They've traveled there and back for the day from England to places like Dublin, Venice and Palma de Mallorca in Spain – all while keeping airfare costs under £25 per person and arriving home in time to sleep in their own beds. While the United Kingdom — with its low-cost air carriers offering frequent connections throughout Europe — is a hub for 'extreme day trips' like the ones the Earls embarked on this year, people have also tried it in the US and beyond. The practice is not without its environmental drawbacks, but fans of the one-day trip say it's a fun and satisfying way to get a taste of a new place, especially when budgets and vacation time are limited. Earl's daughters liked their Sweden day trip best of all, he said, but spending a day in Venice, where they clocked more than 17,000 steps exploring the city, was tops for him. With school holidays making it hard and expensive to travel for much of the year, the travel hack feels rewarding, he says. 'Doing these day trips on a weekend outside of school and work hours, it kind of works from a budget point of view. It's allowing us to do lots of little mini adventures throughout the year,' Earl says. The sometimes exorbitant price of train fares across the UK compared to those in many other European countries paired with the ample options for cheap flights on budget airlines like EasyJet and Ryanair from cities like London, Edinburgh and Manchester has sparked this day-trip trend among British travelers. A Facebook group, Extreme Day Trips, currently has nearly 324,000 members who share tips on everything from the full breakdown of how every hour of their day trip played out to restaurant suggestions in places like Prague and Milan and just-scored airfare deals. All-in and itemized pricing info is sometimes shared; one member's recent extreme day trip from Sheffield to Pisa cost her £121 (about $163) including flights, ground transport and food and drinks. Michael Cracknell, a UPS driver and wedding photographer from near Brighton on England's South Coast, says he created the group in 2022 'purely as a way of showing people who are based in the UK that there are alternatives to our overpriced public transport system and overpriced days out within this country.' In 2019, when looking for a day out somewhere, he passed on city trips at home in England and turned his sights farther afield, catching flights for day trips to places like Switzerland, Germany and Spain. In 2022, Cracknell realized he'd been to 22 different countries just for the day, and the idea to start the Facebook group was born. Today, Cracknell and several other unpaid group administrators serve as facilitators and guides for extreme day trips. Demand far exceeds the space available, he says. Group trip dates are released months in advance on the Facebook page and thousands of people apply via a form, but the trips are limited to 20 or 30 people, Cracknell says. He tells the travelers who secure a slot (the selection process is random) the exact flights to book, what train tickets to reserve and information about any other attraction tickets and logistics they'll need to book themselves before meeting with the group at the airport for an early morning flight. Cracknell said he has led more than 500 people on extreme day trips in recent years to locations in Switzerland, one of his favorite countries for spending an unforgettable day. He is guiding two group trips to Athens from London later this year as well as 10 more day trips to Switzerland. Cracknell tries to keep total costs from London Gatwick for such trips to around £170 (about $228) per person or less. 'The Swiss Alps offer an easy day out for these people that's something completely unique that 95% of them have never done before. And they go back to work on Monday morning, still buzzing from it. They say to their work colleagues, 'Guess what I did at the weekend? We went to Switzerland,'' he says. The logistics of finding the cheapest airfares for out and back day trips can be time-consuming as it often involves booking flights on two different airlines, says Rick Blyth, who runs the website (The website is not related to the Facebook page, which came before it, but Cracknell and Blyth collaborate on some projects). The site's free flight tool lets users search for low-cost, low-demand flights from their home airports across the UK to destinations across Europe. It also has day itineraries for packing a weekend's worth of fun into a single day in cities and regions including Lisbon, Lake Como in Italy and Finnish Lapland. A paid premium version of the website, with an annual fee for members (currently £35 per year or about $47), just launched and allows users to further customize their extreme day trip flight searches. And when it comes to where to go for the day and what you can see and do there, those options are the stuff of travel dreams, Blyth says. 'You've got this choice of getting an expensive train to somewhere you already know or sitting on the motorways stuck in traffic — or getting on a cheap flight and going exploring Lapland, or the desert in Morocco, or going to a spa day in Bucharest, visiting Barcelona, going on a hike on Caminito del Rey in Malaga. There's just so much you could do,' he says. The environmental toll of taking short-haul flights — just because they're inexpensive and you can — is impossible to ignore. In 2023, France banned short-haul domestic flights where train journeys of 2.5 hours were available instead to help reduce greenhouse gas emissions. Blyth says he doesn't pretend extreme day trips are guilt-free travel, but it's worth considering that people traveling this way usually travel light and opt for low-demand early morning and late-night flights. He says they're often filling seats on empty planes and therefore lowering the overall carbon imprint per passenger. will plant six trees for every premium member that signs up for the new service and 12 trees for every premium plus member, he adds. He also contends that skipping hotel stays cuts down on hidden energy costs related to things like laundry and air conditioning. There are other impacts to consider, too. Extreme day trip might leave you feeling more exhausted than refreshed by the time you make it home, says Georgia Fowkes, a travel advisor for Altezza Travel. Fowkes says she has noticed growing interest in one-day trips, likely driven by the rise of affordable and frequent flights. But she says that after one or two of them, travelers might realize that such a packed trip took too much energy for the rewards reaped. 'The typical one-day itinerary tends to be overly ambitious when accounting for the time spent at airports, waiting in lines and commuting. A great brunch and a cappuccino won't save the day,' she says. Earlier this year, Fowkes took advantage of a flash sale on US low-cost carrier Spirit Airlines to travel from Pittsburgh to Chicago for the day to visit friends. Her flight left before sunrise from Pittsburgh and returned after midnight, at which point she was utterly exhausted from the long hours of sightseeing and time in transit. 'I was wrung out. And in reality, my one-day trip cost me two more days to fully get back into my routine. This is the part of one-day trips that people rarely talk about,' she says. Related video He missed his flight while making a TikTok video. Millions are happy he did American influencer Kevin Droniak , who is based in New York City, chronicles his solo day-trip adventures in the US and beyond on Instagram and TikTok (New York City to the Grand Canyon or Montreal for the day, for example). But the UK's abundant cheap airfares on budget airlines with relatively short flights to countries all over Europe, as well as access to destinations in North Africa and the Middle East, make it ground zero for the trend. For Earl, extreme day tripping has been a way of doing economical mini-adventures and a great opportunity to get a taste of different countries at his family's doorstep. 'If you go there and actually quite like what you're seeing, it's like, 'We'll come back here for longer next time and make a long weekend of it, or a week or two-week holiday,'' he says. And while Earl says he plans all his family's trips on his own, traveling unguided and using Skyscanner to search for flights that meet their £25-or-less parameter, he loves the Extreme Day Trips Facebook group for inspiration on where to go next. 'We very much would like to go and do the Alpine coaster in (Churwalden) Switzerland later in the year, if flights and cost allow. We're also looking at Norway, Portugal, Luxembourg and Germany, specifically Berlin,' he says. The family is hoping to visit a total of 12 countries together in 2025 on single-day hops from England. Terry Ward is a Florida-based travel writer and freelance journalist in Tampa who has traveled the world for three decades but has yet to try an extreme day trip.
CNN
23-06-2025
- CNN
London to Sweden for the day: These travelers are embracing extreme day trips
After scoring a rock-bottom fare on Ryanair from London to Gothenburg, Graham Earl, his wife and their two daughters flew to Sweden for the day this past May to visit a popular theme park. The family caught an early morning flight from London Stansted Airport, grabbed a ride share to the park after landing in Gothenburg and arrived just as Liseberg's gates opened at 11 a.m. They spent the entire day tackling the rides and shows with their daughters, ages 11 and 13, and enjoyed a meal at an Italian restaurant before leaving for the airport at 9 p.m. to catch their flight home. The Earls' flights cost £24.99 (around $34) each, roundtrip. Add to that four theme park tickets and other expenditures for the day and the total came out to roughly the same as what the family would have spent for entry tickets alone to an amusement park near their home on England's South Coast, Earl says. For the foursome, the Swedish jaunt was one of five day trips around Europe they've taken so far this year. They've traveled there and back for the day from England to places like Dublin, Venice and Palma de Mallorca in Spain – all while keeping airfare costs under £25 per person and arriving home in time to sleep in their own beds. While the United Kingdom — with its low-cost air carriers offering frequent connections throughout Europe — is a hub for 'extreme day trips' like the ones the Earls embarked on this year, people have also tried it in the US and beyond. The practice is not without its environmental drawbacks, but fans of the one-day trip say it's a fun and satisfying way to get a taste of a new place, especially when budgets and vacation time are limited. Earl's daughters liked their Sweden day trip best of all, he said, but spending a day in Venice, where they clocked more than 17,000 steps exploring the city, was tops for him. With school holidays making it hard and expensive to travel for much of the year, the travel hack feels rewarding, he says. 'Doing these day trips on a weekend outside of school and work hours, it kind of works from a budget point of view. It's allowing us to do lots of little mini adventures throughout the year,' Earl says. The sometimes exorbitant price of train fares across the UK compared to those in many other European countries paired with the ample options for cheap flights on budget airlines like EasyJet and Ryanair from cities like London, Edinburgh and Manchester has sparked this day-trip trend among British travelers. A Facebook group, Extreme Day Trips, currently has nearly 324,000 members who share tips on everything from the full breakdown of how every hour of their day trip played out to restaurant suggestions in places like Prague and Milan and just-scored airfare deals. All-in and itemized pricing info is sometimes shared; one member's recent extreme day trip from Sheffield to Pisa cost her £121 (about $163) including flights, ground transport and food and drinks. Michael Cracknell, a UPS driver and wedding photographer from near Brighton on England's South Coast, says he created the group in 2022 'purely as a way of showing people who are based in the UK that there are alternatives to our overpriced public transport system and overpriced days out within this country.' In 2019, when looking for a day out somewhere, he passed on city trips at home in England and turned his sights farther afield, catching flights for day trips to places like Switzerland, Germany and Spain. In 2022, Cracknell realized he'd been to 22 different countries just for the day, and the idea to start the Facebook group was born. Today, Cracknell and several other unpaid group administrators serve as facilitators and guides for extreme day trips. Demand far exceeds the space available, he says. Group trip dates are released months in advance on the Facebook page and thousands of people apply via a form, but the trips are limited to 20 or 30 people, Cracknell says. He tells the travelers who secure a slot (the selection process is random) the exact flights to book, what train tickets to reserve and information about any other attraction tickets and logistics they'll need to book themselves before meeting with the group at the airport for an early morning flight. Cracknell said he has led more than 500 people on extreme day trips in recent years to locations in Switzerland, one of his favorite countries for spending an unforgettable day. He is guiding two group trips to Athens from London later this year as well as 10 more day trips to Switzerland. Cracknell tries to keep total costs from London Gatwick for such trips to around £170 (about $228) per person or less. 'The Swiss Alps offer an easy day out for these people that's something completely unique that 95% of them have never done before. And they go back to work on Monday morning, still buzzing from it. They say to their work colleagues, 'Guess what I did at the weekend? We went to Switzerland,'' he says. The logistics of finding the cheapest airfares for out and back day trips can be time-consuming as it often involves booking flights on two different airlines, says Rick Blyth, who runs the website (The website is not related to the Facebook page, which came before it, but Cracknell and Blyth collaborate on some projects). The site's free flight tool lets users search for low-cost, low-demand flights from their home airports across the UK to destinations across Europe. It also has day itineraries for packing a weekend's worth of fun into a single day in cities and regions including Lisbon, Lake Como in Italy and Finnish Lapland. A paid premium version of the website, with an annual fee for members (currently £35 per year or about $47), just launched and allows users to further customize their extreme day trip flight searches. And when it comes to where to go for the day and what you can see and do there, those options are the stuff of travel dreams, Blyth says. 'You've got this choice of getting an expensive train to somewhere you already know or sitting on the motorways stuck in traffic — or getting on a cheap flight and going exploring Lapland, or the desert in Morocco, or going to a spa day in Bucharest, visiting Barcelona, going on a hike on Caminito del Rey in Malaga. There's just so much you could do,' he says. The environmental toll of taking short-haul flights — just because they're inexpensive and you can — is impossible to ignore. In 2023, France banned short-haul domestic flights where train journeys of 2.5 hours were available instead to help reduce greenhouse gas emissions. Blyth says he doesn't pretend extreme day trips are guilt-free travel, but it's worth considering that people traveling this way usually travel light and opt for low-demand early morning and late-night flights. He says they're often filling seats on empty planes and therefore lowering the overall carbon imprint per passenger. will plant six trees for every premium member that signs up for the new service and 12 trees for every premium plus member, he adds. He also contends that skipping hotel stays cuts down on hidden energy costs related to things like laundry and air conditioning. There are other impacts to consider, too. Extreme day trip might leave you feeling more exhausted than refreshed by the time you make it home, says Georgia Fowkes, a travel advisor for Altezza Travel. Fowkes says she has noticed growing interest in one-day trips, likely driven by the rise of affordable and frequent flights. But she says that after one or two of them, travelers might realize that such a packed trip took too much energy for the rewards reaped. 'The typical one-day itinerary tends to be overly ambitious when accounting for the time spent at airports, waiting in lines and commuting. A great brunch and a cappuccino won't save the day,' she says. Earlier this year, Fowkes took advantage of a flash sale on US low-cost carrier Spirit Airlines to travel from Pittsburgh to Chicago for the day to visit friends. Her flight left before sunrise from Pittsburgh and returned after midnight, at which point she was utterly exhausted from the long hours of sightseeing and time in transit. 'I was wrung out. And in reality, my one-day trip cost me two more days to fully get back into my routine. This is the part of one-day trips that people rarely talk about,' she says. Related video He missed his flight while making a TikTok video. Millions are happy he did American influencer Kevin Droniak , who is based in New York City, chronicles his solo day-trip adventures in the US and beyond on Instagram and TikTok (New York City to the Grand Canyon or Montreal for the day, for example). But the UK's abundant cheap airfares on budget airlines with relatively short flights to countries all over Europe, as well as access to destinations in North Africa and the Middle East, make it ground zero for the trend. For Earl, extreme day tripping has been a way of doing economical mini-adventures and a great opportunity to get a taste of different countries at his family's doorstep. 'If you go there and actually quite like what you're seeing, it's like, 'We'll come back here for longer next time and make a long weekend of it, or a week or two-week holiday,'' he says. And while Earl says he plans all his family's trips on his own, traveling unguided and using Skyscanner to search for flights that meet their £25-or-less parameter, he loves the Extreme Day Trips Facebook group for inspiration on where to go next. 'We very much would like to go and do the Alpine coaster in (Churwalden) Switzerland later in the year, if flights and cost allow. We're also looking at Norway, Portugal, Luxembourg and Germany, specifically Berlin,' he says. The family is hoping to visit a total of 12 countries together in 2025 on single-day hops from England. Terry Ward is a Florida-based travel writer and freelance journalist in Tampa who has traveled the world for three decades but has yet to try an extreme day trip.
Yahoo
20-06-2025
- Business
- Yahoo
Is Southwest Airlines Stock Underperforming the Nasdaq?
Dallas, Texas-based Southwest Airlines Co. (LUV) is a passenger airline company that provides scheduled air transportation services. Valued at a market cap of $17.8 billion, the company also provides inflight entertainment and connectivity services, and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. Companies worth $10 billion or more are typically classified as 'large-cap stocks,' and LUV fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the airlines industry. The company's strengths lie in its low-cost, point-to-point business model, which allows it to operate efficiently while offering competitive fares and high flight frequency on short- to medium-haul routes. Its strong focus on customer satisfaction and operational simplicity, such as free checked bags, no change fees, and open seating policies differentiate it from many legacy carriers. 2 Outstanding Stocks Under $50 to Buy and Hold Now 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia's Bringing Sovereign AI to Germany. Should You Buy NVDA Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! This airlines company has dipped 13.7% from its 52-week high of $36.12, reached on Dec. 5, 2024. Shares of LUV have declined 3.8% over the past three months, underperforming the Nasdaq Composite's ($NASX) 11.7% return during the same time frame. Moreover, on a YTD basis, shares of LUV are down 7.3%, lagging behind NASX's 1.2% uptick. Nonetheless, in the longer term, LUV has surged 9.6% over the past 52 weeks, slightly outpacing NASX's 9.4% rise over the same time frame. To confirm its bullish trend, LUV has been trading above its 200-day and 50-day moving averages since early May. On Apr. 23, LUV reported stronger-than-expected Q1 results, demonstrating resilience despite a dynamic broader economic environment, which drove its share price up by 3.7% in the following trading session. Due to higher passenger revenue, the company's total operating revenue grew 1.6% year-over-year to $6.4 billion and marginally exceeded analyst estimates. Adding to the uptick, its total operating expenses declined 1.1% from the year-ago quarter and led to a notable 63.9% decrease in its adjusted loss per share of $0.13. The bottom-line figure also exceeded the consensus estimates. LUV has outpaced its rival, Delta Air Lines, Inc.'s (DAL) 4.1% decline over the past 52 weeks and 21.4% fall on a YTD basis. Given LUV's recent underperformance, analysts remain cautious about its prospects. The stock has a consensus rating of "Hold' from the 21 analysts covering it. While the company is trading above its mean price target of $29.95, its Street-high price target of $42 represents a 34.8% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
Is Southwest Airlines Stock Underperforming the Nasdaq?
Dallas, Texas-based Southwest Airlines Co. (LUV) is a passenger airline company that provides scheduled air transportation services. Valued at a market cap of $17.8 billion, the company also provides inflight entertainment and connectivity services, and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. Companies worth $10 billion or more are typically classified as 'large-cap stocks,' and LUV fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the airlines industry. The company's strengths lie in its low-cost, point-to-point business model, which allows it to operate efficiently while offering competitive fares and high flight frequency on short- to medium-haul routes. Its strong focus on customer satisfaction and operational simplicity, such as free checked bags, no change fees, and open seating policies differentiate it from many legacy carriers. 2 Outstanding Stocks Under $50 to Buy and Hold Now 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia's Bringing Sovereign AI to Germany. Should You Buy NVDA Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! This airlines company has dipped 13.7% from its 52-week high of $36.12, reached on Dec. 5, 2024. Shares of LUV have declined 3.8% over the past three months, underperforming the Nasdaq Composite's ($NASX) 11.7% return during the same time frame. Moreover, on a YTD basis, shares of LUV are down 7.3%, lagging behind NASX's 1.2% uptick. Nonetheless, in the longer term, LUV has surged 9.6% over the past 52 weeks, slightly outpacing NASX's 9.4% rise over the same time frame. To confirm its bullish trend, LUV has been trading above its 200-day and 50-day moving averages since early May. On Apr. 23, LUV reported stronger-than-expected Q1 results, demonstrating resilience despite a dynamic broader economic environment, which drove its share price up by 3.7% in the following trading session. Due to higher passenger revenue, the company's total operating revenue grew 1.6% year-over-year to $6.4 billion and marginally exceeded analyst estimates. Adding to the uptick, its total operating expenses declined 1.1% from the year-ago quarter and led to a notable 63.9% decrease in its adjusted loss per share of $0.13. The bottom-line figure also exceeded the consensus estimates. LUV has outpaced its rival, Delta Air Lines, Inc.'s (DAL) 4.1% decline over the past 52 weeks and 21.4% fall on a YTD basis. Given LUV's recent underperformance, analysts remain cautious about its prospects. The stock has a consensus rating of "Hold' from the 21 analysts covering it. While the company is trading above its mean price target of $29.95, its Street-high price target of $42 represents a 34.8% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
