NEW YORK (TheStreet) -- Shares of Southwest Airlines (LUV) were gaining 1% to $41.91 Thursday after the airline announced that it filed applications for approval to offer new daily flights to six destinations in Mexico, Belize, and Costa Rica.
The airline said its filed applications with the U.S. Department of Transportation requesting approval to offer daily, nonstop service to destinations in Cancun, Mexico City, Puerto Vallarta, and San Jose del Cabo/Los Cabos in Mexico as well as San Jose, Costa Rica, and Belize City, Belize from William P. Hobby Airport in Houston.
Southwest said the new flight will be possible after the construction of the $156 million five-gate international concourse at Hobby is completed.
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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 weak operating cash flow."