Southwest (LUV) To Add Flights For Domestic Expansion

Southwest Airlines Co. (NYSE:LUV) has announced several additional non-stop services connecting North Texas with important cities around the United States. It will also increase frequency to the popular destinations from Dallas Love Field.

The carrier will add a daily non-stop flight connecting Dallas (Love Field) with Charleston, Ft. Myers/Naples, Jacksonville, Louisville, Milwaukee and Minneapolis/St. Paul. Moreover, it will add a seasonal roundtrip between Dallas (Love Field) and Tucson, only for Sundays. The flights are expected to be operational from Jan 7, 2019.

Meanwhile, Southwest plans to resume its twice daily service between New York/Newark and Nashville (once on Saturdays). It will also supplement the seasonal service from the Heartland, Great Lakes and New England to Florida. The airline further plans to revive seasonal flights to the Mountain West from the Midwest.

Consequently, the low-cost carrier has extended its bookable schedule through Mar 6, 2019.

The carrier announced several new services, earlier this month, keeping in mind the upcoming holiday season. It will initiate non-stop services connecting New York (LaGuardia) with New Orleans, West Palm Beach and Orlando. The flights between New York and New Orleans will begin on Nov 4, 2018 while the same connecting New York with West Palm Beach and Orlando will start from Nov 10 onward as a Saturday-only service.

The airline also plans to widen its base across the nation’s capital with new flights from Washington, D.C. (Reagan National) to Oklahoma City. Further, it will increase frequency, between flights connecting Washington, D.C. with Nashville and Dallas. Each service is scheduled to be launched on Nov 4.

Zacks Rank & Key Picks

Southwest holds a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Transportation sector are GATX Corporation (NYSE:GATX) , Atlas Air Worldwide Holdings (NASDAQ:AAWW) and Expeditors International of Washington, Inc. (NASDAQ:EXPD) . While GATX carries a Zacks Rank #2 (Buy), Expeditors and Atlas Air Worldwide sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of GATX, Atlas Air Worldwide and Expeditors have gained more than 7%, 34% and 29%, respectively, in a year.

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