Southwest’s Unit Revenues Face Headwinds, Modest FVE Decrease Planned
No-moat Southwest Airlines reported first-quarter results that met consensus expectations, but the carrier’s total unit revenues were flat year over year and it guided to negative year over year unit revenues next quarter. Despite higher fuel prices and an outlook that called for soft bookings next quarter partially linked to the flight 1380 incident, management stuck with full-year guidance and kept its objective of expanding margins. If oil prices go above $80 per barrel, then we anticipate So...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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