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Southwest Airlines' Recovery Begins in Earnest

TheMotleyFool

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Southwest Airlines' Recovery Begins in Earnest

Southwest Airlines (NYSE: LUV) disappointed shareholders in 2021. While the low-fare airline giant rapidly expanded its route network to new cities to capture incremental demand that it could not serve previously, it didn't see the financial benefits that bullish investors had expected.

For the full year, Southwest lost about $1.3 billion, excluding grants received from the federal airline payroll support programs. And whereas Southwest Airlines stock rallied to a multiyear high of nearly $65 last April, the shares have since shed about a third of their value, ending last week at $42.93.