Southwest Reveals Impact of 1Q Cancellations; Lowering FVE Slightly
We are planning to lower our fair value estimate for Southwest by about 2% after it revealed the impact of several first-quarter headwinds. We expect Southwest’s challenges will spill into subsequent quarters and alter the carrier's approach to the rest of 2019. Southwest previously said that the government shutdown took $60 million off its top line for the first quarter of 2019. Management said it expects another $150 million impact to revenue this quarter because of a mechanics dispute, MAX gr...Southwest Airlines operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The company has Boeing 737 aircraft in its fleet and serves destinations in various states, the District of Columbia, the Commonwealth of Puerto Rico, and other near-international countries such as Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. The company principally provides point-to-point service, which allows for direct nonstop routing. The company also provides a suite of digital platforms to support Customers' needs prior to and during the course of their travel.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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