Southwest Airlines (LUV) Plunges 4.15% in Two Days, Hits 2024 Low

Southwest Airlines (LUV) shares fell 0.48% today, marking the second consecutive day of decline, with a total drop of 4.15% over the past two days. The stock price hit its lowest level since August 2024, experiencing an intraday decline of 2.33%.

Southwest Airlines is anticipated to report a year-over-year increase in earnings for the quarter ending March, driven by higher revenues. This positive financial outlook could potentially boost the company's stock price.

However, recent comments from brokerages have cast a shadow over the stock. Bank of America reissued an "underperform" rating and adjusted its price target to $31.00, which could negatively impact investor sentiment and influence the stock price.