Southwest Leans Toward Boeing 787 for First Widebody, Long-Haul Push
LUV sits 42% above its 52-week low of $29.26 on elevated volume (2.6× avg).
Summary
Southwest is reportedly leaning toward the Boeing 787 Dreamliner as its first widebody aircraft, signaling a serious move into long-haul international flying. The report, citing people familiar with fleet planning, says the airline has contemplated a fleet of dozens of 787s and is exploring ways to obtain them quickly, including through lessors or the secondary market. No final decision has been made, and the board's Fleet Oversight Committee will ultimately decide. This follows CFO Tom Doxey's September comments that long-haul international service was among options under consideration. For Boeing, a Southwest order would be a significant win for the 787 program.
At the time of this announcement, LUV was trading at $41.49 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $20.2B. The 52-week trading range was $29.26 to $55.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.