Southwest Airlines Co. (LUV) saw its stock plummet by 11.16% on Thursday, closing at $33.26. The decline was attributed to poor earnings and a weak growth outlook. In Q2, net income dropped by 42% to $213 million, with total operating revenues also decreasing by 1.5% to $7.2 billion.

Looking forward, Southwest Airlines Co. (LUV) anticipates a 2% decrease or increase in revenue per available seat mile (RASM) in Q3. The company also announced a $2 billion share buyback program over two years. Despite potential as an investment, AI stocks may offer better returns with lower risk.

Read more at Yahoo Finance: Southwest Air (LUV) Nosedives 11% on Dismal Earnings, Weak Outlook