Susquehanna analyst Christopher Stathoulopoulos lowered the firm’s price target on Southwest (LUV) to $27 from $30 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the airlines and aircraft leasing companies. The firm keeps Positive ratings on network carriers Delta Air Lines (DAL) and United Airlines (UAL), with the latter its top pick within the group. It continue to see United executing on its “United Next initiative.” While channel checks point to solid demand into the spring and summer travel periods, Susquehanna remains cautious, as it continues to see downside to fiscal 2024 capacity outlooks driven aircraft delivery delays, concerns around quality control for certain aircraft equipment, and uncertain performance within completion factors, the analyst tells investors in a research note.
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