Citi Maintains Southwest Airlines Buy

Citi maintained it Southwest Airlines LUV Buy rating in an alert report published today. In the report, Citi states, "Southwest announced a firm order for 150 new B737MAX aircraft with delivery expected to begin in 2017. LUV also expanded its current order book for 58 additional 737NG aircraft. The new orders add to an existing firm order book of 142, bringing LUV's total firm orders with Boeing to 350 for 2012 through 2022, which are intended to mostly serve as replacement aircraft as the airline continues the modernization of its fleet." Shares of Southwest Airlines were trading at $8.41 at the time of posting, down 0.24% from Monday's market close.