We recently upgraded our long-term recommendation on Southwest Airlines Co. (NYSE:LUV) to Neutral from Underperform following better-than-expected first quarter earnings results and strong growth opportunities.
The company reported lower year-over-year earnings in the first quarter but outpaced the Zacks Consensus Estimate. Despite surging fuel prices, the better-than-expected performance in the quarter was credited to robust revenue growth driven by fare hikes, cost-cutting measures, network … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards