Here's Why Southwest Airlines Shares Are Moving

Here's Why Southwest Airlines Shares Are Moving

Shares of airline companies, including Southwest Airlines Co LUV, are trading higher in sympathy with Delta Air Lines DAL, which reported better-than-expected first-quarter EPS results.

Delta Air Lines reported quarterly losses of $1.23 per share which beat the analyst consensus estimate of a loss of $1.37. Delta Air Lines also reported quarterly sales of $8.20 billion which missed the analyst consensus estimate of $8.76 billion by 6%... Read More

Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded.

Southwest Airlines shares were trading about 6.75% higher at $45.71 per share on Wednesday at the time of publication. The stock has a 52-week high of $64.75 and a 52-week low of $36.75.

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