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JUL 08, 2014 - TheStreet

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Why Southwest Airlines (LUV) Stock Is Down Today

NEW YORK (TheStreet) -- Southwest Airlines  fell along with other airline stocks on Tuesday after Air France reduced its full-year earnings outlook due to over-capacity. The Paris-based company, which is also one of Europe's largest airlines, now expects full-year earnings of $3 billion, down from the $3.4 billion it had previously forecast. Air France cited increasing competition on North American and Asian routes, lesser cargo demand and the fact that Venezuela is blocking repatriation of revenue for airlines. Southwest was down 1.91% to $26.65 at 2:26 p.m. More than ... Read More

Tags: Why Southwest Airlines (LUV) Stock Is Down Today,  Air France Latest News