LUV Stock – Southwest (LUV) to Add New Routes for Domestic Expansion
Southwest Airlines Co. LUV announced plans to add three new destinations to its network as air-travel demand improves.
The airline will introduce services to Myrtle Beach, SC; Eugene, OR and Bellingham, WA. While flights to Myrtle Beach will start this summer, the same to Eugene and Bellingham will begin in the second half of 2021. The carrier stated that it has “opened or announced” 17 new airports, including the latest expansion initiative, since the beginning of the coronavirus pandemic in 2020. It further added that among these, the services which have already commenced operations have proved to be fruitful. Witnessing steady demand, the company has extended its winter service to Steamboat Springs, CO and Telluride, CO through this summer.
As travel demand continues to improve after being stalled in January due to rise in coronavirus cases, Southwest has been making efforts to expand its network. To this end, last month, it announced its intention to add services to Montana and the Florida Panhandle. Notably, the Florida Panhandle includes cities like Destin and Fort Walton Beach. The new routes to these tourist-friendly spots are likely to attract additional traffic, particularly in the upcoming summer season.
Southwest Airlines Co. price
Southwest Airlines Co. price | Southwest Airlines Co. Quote
Zacks Rank & Key Picks
Southwest carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Transportation sector are ArcBest Corp. ARCB, Saia, Inc. SAIA and USA Truck, Inc. USAK. While USA Truck sports a Zacks Rank #1 (Strong Buy), ArcBest and Saia carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of ArcBest, Saia and USA Truck have rallied more than 100%, 59% and 26% in the past six months, respectively.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
Saia, Inc. (SAIA): Free Stock Analysis Report
USA Truck, Inc. (USAK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.