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Non-Tech : Southwest Airlines (LUV))
LUV 32.46+3.0%Nov 7 9:30 AM EST

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To: Sam Citron who wrote (12)11/3/1996 9:15:00 PM
From: Michael Peterson   of 299
 
Sam,

LUV should do well for a while. It has a history of being very cyclic, and looks to me like it getting ready to start a 'typical' march back up. As long as Herb stays at the helm things as Southwest will be fine. For the long term the question with WV is what happens when kelleher retires, and when will that take place.

AS far as RENO goes I don't think that it's a matter of how fast or slow it grew ( Morris Air grew at a phenominal rate) but rather that it grew all. They did a nice job with their capitalization and despite the deals the cut early on with AMR must be managing their expenses pretty well.

Incidently it going to be fun to watch what is happening with VNGD.
Michael Peterson
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