NEW YORK (TheStreet) -- Executives at Southwest Airlines Co. (LUV) are said to be considering entering the Canadian market as the company looks to expand its presence in international destinations, the Globe and Mail reports.
Southwest has met with officials at some Canadian airports and told the Globe and Mail that "they make a compelling argument as to why we should serve Canada."
Southwest's CEO Gary Kelly said he'd be surprised if the company "weren't in Canada by at least the end of the decade."STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Canada isn't the only destination the company is looking to expand into, at least 50 possibilities are being considered, but the company said no matter where it goes its intention is to lower fares, the Globe and Mail added.
Shares of Southwest are higher by 0.76% to $33.16 in mid-morning trading on Wednesday.
Separately, TheStreet Ratings team rates SOUTHWEST AIRLINES as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SOUTHWEST AIRLINES (LUV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."