Why Southwest Airlines Stock Jumped 7% Today
Southwest Airlines (NYSE: LUV) shareholders beat the market on Wednesday morning as the stock gained 6% by 10:45 a.m. ET compared to a 0.3% uptick in the wider S&P 500. The rally added to impressive returns for the airline stock, which is in positive territory so far in 2022 even as the market is down nearly 8%.
It was sparked by good operating news from rival Delta Airlines (NYSE: DAL), whose stock was also rising early Wednesday.
Image source: Getty Images.
Source Fool.com
