Southwest (LUV) to Begin Winter Services On Multiple Routes

As the demand for vacation travel continues to improve, Southwest Airlines Co. LUV plans to launch flights on additional routes to certain popular tourist destinations during the winter to attract traffic. These routes include destinations in FL, CA, and CO. In addition, the airline started a new seasonal service to the Montrose regional airport (Telluride) on December 19, 2020.
As part of the expansion plan, Southwest will offer non-stop services between Miami and destinations such as Tampa, WA, Houston and Chicago beginning November 15. On the same day, the airline will also offer services between Palm Springs and destinations like Oakland, Phoenix and Denver.
From December 19 to April 5, Southwest will operate flights between Montrose (Telluride) and destinations such as Denver and Dallas.
In line with its expansion initiative, the airline recently announced plans to add flights to Miami International Airport and Palm Springs International Airport as the demand for leisure travel gradually increases.
Southwest also resumed flights to Puerto Vallarta, Mexico. Southwest now operates daily between Phoenix Sky Harbor International Airport and Los Cabos and Puerto Vallarta.
Zacks Rank & Key Picks
Southwest carries a # 4 Zacks (Sell).
Some better-ranked stocks in the broader transportation sector include J. B. Hunt Transport Services, Inc. JBHT, Werner Enterprises, Inc. WERN, and Knight-Swift Transportation Holdings Inc. KNX. While J.B. Hunt and Werner have a Zacks rank 1 (strong buy), Knight-Swift currently has a Zacks rank 2 (buy). The full list of today's Zacks # 1 Rank stocks can be found here.
The long-term expected earnings per share growth rates (three to five years) for J. B. Hunt, Werner and Knight-Swift are 15%, 8.5% and 15%, respectively.
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