One of the biggest air carriers in the United States, Southwest Airlines (LUV.US) today released its Q4 2021 earnings outlook and provided guidance for next year. The airline expects to reach profitability later this quarter, with profit levels alone expected to increase throughout 2022. High airfares and rising passenger demand are expected to translate into strong performance for the company, despite the emergence of the Omicron variant.
As the company operates primarily in the US market, it is thus less susceptible to the negative impact of restrictions introduced in connection with the new variant of the Covid-19 virus. In 2022, the company plans to hire 8,000 new employees.
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Southwest Airlines (LUV.US), D1 interval. Shares are currently moving in a downtrend. Recent declines were halted near the minimum from the end of January 2021. The price has rebounded from this level and is currently testing the resistance zone near the $47 per share (area of previous price reactions and 50 EMA (yellow line)). If the demand side manages to break out above these indications, this could encourage bulls to test the last local peak near $52.5 per share. Source: xStation 5
