Southwest's $LUV turnaround is real, but fuel still has the market on edge ✈️
Southwest put up a strong Q1 with record revenue, a return to profitability, expanding margins, and healthier cash flow. But the stock is still trading like the market wants one more clean quarter before believing the margin reset can survive higher fuel costs and a softer EPS print.
Big money is clearly watching the same thing: the business is breathing better, but whales may stay patient until the cost curve proves it can hold.
Not financial advice. Manage your risk and protect your capital.