Southwest Airlines Co

LUV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$84.00	Bhkl	Wmqzdtjck

Southwest: Still Room to Grow, but Competition Will Restrain Profitability; Fair Value to $42.90

Nicolas Owens

Jun 1, 2023

We've taken a fresh look at North American airlines and instituted an industry-based demand model for air travel, capacity, and airline revenue yields. As a result, we've lowered no-moat Southwest Airlines' fair value estimate to $42.90 from $54.

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