Jim Cramer Says Price Wars Hurting Southwest Air and the Industry Overall
Southwest Air's earnings were 'shocking,' according to Jim Cramer, who added there are price wars 'everywhere' and that's not good for the airline business.
Southwest Air's (LUV) - Get Report earnings were 'shocking,' according to TheStreet's Jim Cramer, who added there are price wars 'everywhere' and that's not good for the airline business. Southwest reported lower than expected numbers, and Cramer said he doesn't feel 'any confidence' after the CEO's comments on the quarter. Southwest CEO Gary Kelly described the environment as 'challenging.'
