Too Much Love For Southwest Airlines?
- Southwest Airlines exceeded Q3 estimates when excluding fuel hedges.
- The airline is trading at all-time highs with a very attractive valuation.
- The stock is not loved enough, especially considering the industry shifting down capacity growth heading into 2016.
Not long ago, Southwest Airlines (NYSE:LUV) helped trigger a major sell off in the airline sector. At the time, investors feared that the capacity additions of the airline were going to pressure profits. The fear that the industry was heading back to the one of irrational capacity additions of the past was foremost on investor minds.
Read the full article on Seeking Alpha
Disclosure: No positions mentioned. Please review the disclaimer page for more details.