Why Southwest Stock Is Down While American Airlines Soared
At the end of the day on Friday, Southwest Airlines ended the week beginning October 20 with its shares falling 4.79% to $32.20. On Oct. 22, the Dallas-based airline posted third-quarter earnings of 11 cents per adjusted share. Revenue rose 1.1% to $6.95 billion, while forecasters’ averages predicted $6.92 and an adjusted loss of four…