Southwest Airlines Co. has received a revised opinion from UBS, which now recommends taking a short position on the airline.

Southwest Airlines is a major player in the U.S. aviation market and generates the majority of its revenue from passenger transport, accounting for 89.9% of its sales. The company also engages in freight transport, which represents a minimal 0.7% of its activities, while other revenue streams contribute 9.4%. Southwest Airlines is expected to operate a fleet of 770 aircraft by the end of 2022, highlighting its significant presence in the industry.

UBS's updated stance will closely monitor the airline's operational strategy and market positioning.