Southwest Airlines shares climbed over 4% on Friday after JP Morgan issued a rare double upgrade on the carrier, citing growing confidence that a stronger earnings outlook could reshape investor expectations ahead of results later this month.
Airline stock Southwest Airlines Co (NYSE:LUV) was last seen up 2.8% at $44.15, trading at fresh three-year highs after a rare double-upgrade from J.P.
The U.S. Transportation Department is proposing to revise its guidance to deemphasize imposing civil fines on airlines that violate consumer protection rules and to drop Biden-era policies that toughened enforcement.
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