Southwest Short

5 באפר׳ 2020

Due to price action and previous data points in similar market conditions there is likelihood this stock remains bearish for some time. Also, the recent stimulus plan did not include airlines in it. So until a bailout comes for the one or two people flights that are happening these companies Earnings will continue to go down and some airlines will go bankrupt. Being that Southwest is a stronger airline it will take a lot more to destroy it but will still be effected heavily by the current declining revenue coming into it.