Southwest Airlines stock slips as LUV cools off after 18.7% surge on profit forecast
Southwest Airlines shares fell 1.1% to $47.99 Friday afternoon, pulling back after Thursday’s 18.7% surge on a profit outlook upgrade and new fee-based strategy. BMO Capital raised its rating to “outperform” and lifted the price target to $57.50. The airline now expects adjusted EPS of at least $4.00 for 2026. Investors remain cautious as Southwest shifts away from its traditional no-fee model.