tiprankstipranks
Southwest Airlines (NYSE:LUV): Rising Website Visits Hinted at Upbeat Q4 Revenue
Market News

Southwest Airlines (NYSE:LUV): Rising Website Visits Hinted at Upbeat Q4 Revenue

Story Highlights

LUV’s rising website traffic trends pointed toward strong top-line performance in the fourth quarter. The TipRanks website traffic tool helps investors gain insight into a company’s performance for upcoming results.

Southwest Airlines (NYSE: LUV) reported a 22.1% year-over-year jump in revenues for the fourth quarter of 2022. The improvement in the company’s topline numbers came despite a negative impact of about $410 million due to the flight cancellations in December. This stellar performance of LUV might not have surprised users of TipRanks’ Website Traffic Tool.

This tool helps enhance stock research by allowing investors to monitor how a company’s website is performing. It enables one to analyze the upcoming financial performance.

According to the tool, the LUV’s website recorded a 21% rise in global visits in Q4, compared to the year-ago quarter. The increase in website visits indicates that the airline company’s business experienced strong demand.

Revenue growth was driven by strong demand for leisure and business travel. Also, the company witnessed positive contributions from LUV’s loyalty program and new co-brand card acquisitions.

Looking forward, LUV expects Q1 operating revenues to grow between 20% and 24%. Meanwhile, available seat miles (ASMs), or capacity, is anticipated to increase by 10% year-over-year.

Is LUV a Buy or Sell?

On TipRanks, LUV stock has a Moderate Buy consensus rating, based on seven Buys and four Holds. The average stock price target of $44.45 implies upside potential of 24.5%. Shares have gained about 2% in the past three months.

Concluding Thoughts

The company’s efforts to expand capacity and strong demand for travel reflect its potential for growth. Nevertheless, rising fuel prices might impact the company’s performance to some extent.

Learn how Website Traffic can help you research your favorite stocks.

Disclosure

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles