Report
Chris Higgins
EUR 101.80 For Business Accounts Only

Southwest is transforming into a more traditional carrier, while trying to keep its unique culture.

No-moat Southwest Airlines reported fourth-quarter and full-year 2017 results ahead of consensus, but jitters over industry capacity expansion sparking price wars caused shares to drop following earnings. Despite 2018 guidance for operating margin expansion, we’re maintaining our $58 fair value estimate and believe shares are fairly valued.
In the fourth quarter of 2017, total revenue grew 3.9% year over year to $5.3 billion, but operating income fell 8.6% to $773 million on the back of higher ...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Chris Higgins

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