Airline Industry: Stock and Cowen Co

airline industry: Volume spiked to nearly 44 million shares, which was more than five times the full-day average, according to Market Watch. Southwest reported ahead of the open third-quarter earnings that beat expectations, but provided a downbeat outlook for revenue per available seat mile, a key metric for the airline industry. The stock LUV, +2.19% plunged as much as 12% intraday Wednesday, before paring some losses. Before the reported results, the stock had shot up 14% over the past month. Analyst Helane Becker of Cowen & Co. said she would not be surprised if some investors gave up on the stock, as she wrote in a note to clients that, again, Southwest is the only carrier to report that it is increasing capacity from the previous quarter. Don't miss:United, American report upbeat September results. (news.financializer.com). As reported in the news.