Southwest airlines stock price at $30

At $30.48, Southwest Airlines stock price is showing relative strength versus competitors, benefiting from robust loyalty program growth. Analysts point to increased ancillary revenue streams as a driver of future profitability. House Minority Leader Hakeem Jeffries (D-N.Y.) said Democrats would support a bipartisan spending plan that safeguards health care. With a forward price-to-earnings (P/E) ratio of over 20, Southwest Airlines Inc. NYSE: LUV is far from being a value stock in the sector. However, the company is known for its low air fares and, more importantly, for its ability to hedge fuel costs . With oil prices still consistently in the $60 to $70 range, investors haven’t been focused on this. But that could change if the price of oil increases due to higher demand. Trading volume in Southwest Airlines stock price surged 20% above average as shares settled at $30.