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Southwest Airlines Co (LUV)

LUV on New York Consolidated

60.28USD
21 Jul 2017
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$-0.12 (-0.20%)
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Latest Key Developments (Source: Significant Developments)

Southwest Airlines June load factor 87.4 percent
Monday, 10 Jul 2017 06:30am EDT 

July 10 (Reuters) - Southwest Airlines Co :Southwest Airlines reports june traffic.June load factor 87.4 percent.Southwest Airlines Co - ‍company continues to estimate its q2 2017 operating revenue per ASM (RASM) will increase in one to two percent range​.Says ‍flew 11.9 billion revenue passenger miles (RPMS) in june 2017, an increase of 3.7 percent​.Southwest Airlines Co- ‍available seat miles (ASMS) increased 3.8 percent to 13.6 billion in June 2017, compared with June 2016 ASMS of 13.1 billion​.  Full Article

Southwest Airlines announces leadership changes
Friday, 30 Jun 2017 09:32am EDT 

June 30 (Reuters) - Southwest Airlines Co :Southwest Airlines announces leadership changes.Southwest Airlines Co - ‍senior vice president and chief information officer Randy Sloan is leaving company in mid-July​.Southwest Airlines Co - Has hired Stan Alexander into a new role of vice president & chief technology architect, effective July 10​.Southwest Airlines Co - Kathleen Wayton has been promoted to senior vice president and chief information officer upon Sloan's departure..Southwest Airlines Co - ‍promoting Anthony Gregory as new vice president of ground operations, effective July 1, 2017​.  Full Article

Southwest to cease operations in Varadero, Santa Clara in Cuba
Wednesday, 28 Jun 2017 11:00am EDT 

June 28 (Reuters) - Southwest Airlines Co ::Press release - Southwest Airlines to consolidate Cuba service with focus on Havana.Will cease operations in both Varadero (VRA) and Santa Clara (SNU) at end of day on Monday, Sept. 4.Company has applied with U.S. Department of Transportation for a third daily roundtrip between Ft. Lauderdale and Havana.  Full Article

Southwest Airlines says addition of route connecting Tampa with San Diego
Thursday, 22 Jun 2017 10:00am EDT 

June 22 (Reuters) - Southwest Airlines Co ::Addition of a new nonstop route connecting Tampa, Fla. with San Diego beginning Jan. 8, 2018.  Full Article

Southwest Airlines says ASMS up 4 pct to 13.2 bln in May
Wednesday, 7 Jun 2017 06:30am EDT 

June 7 (Reuters) - Southwest Airlines Co :Southwest Airlines reports May traffic.Southwest Airlines - co continues to expect its Q2 2017 operating revenue per ASM (rasm) to increase in one to two percent range, as compared with Q2 2016.Southwest Airlines Co says May 2017 load factor was 85.4 percent, compared with 85.8 percent in May 2016.Available seat miles (asms) increased 4.0 percent to 13.2 billion in May 2017, compared with May 2016 ASMS of 12.6 billion.Southwest Airlines Co - flew 11.2 billion revenue passenger miles (RPMS) in May 2017, an increase of 3.4 percent from 10.9 billion RPMS flown in May 2016.  Full Article

Southwest Airlines says to offer new international flights from St. Lauderdale and St. Louis
Thursday, 18 May 2017 11:00am EDT 

May 18 (Reuters) - Southwest Airlines Co :To offer new international flights from St. Lauderdale, Nashville, and St. Louis beginning November 2017.  Full Article

Southwest Airlines authorizes $2 bln share repurchase program,increases dividend by 25 pct
Wednesday, 17 May 2017 01:05pm EDT 

May 17 (Reuters) - Southwest Airlines Co :Says increased company's quarterly dividend by 25 percent and authorized a new $2.0 billion share repurchase program.Says quarterly dividend will increase to $0.125 per share from $0.10 per share.  Full Article

Southwest Airlines completes transition to Amadeus Altéa
Tuesday, 9 May 2017 04:04pm EDT 

May 9 (Reuters) - Southwest Airlines Co :Southwest Airlines says completes transition to Amadeus Altéa.Southwest-Amadeus jointly announced co's transition to the Amadeus Altéa passenger service system.Southwest Airlines- at 101 airports across 9 countries, all Southwest flights will be managed through Altéa functionality.Southwest expects new reservation system to generate about $500 million in incremental annual earnings before interest,taxes by 2020.  Full Article

Southwest Airlines reports April traffic
Monday, 8 May 2017 06:30am EDT 

May 8 (Reuters) - Southwest Airlines Co : :Southwest Airlines reports April traffic.Southwest Airlines Co - company flew 11.2 billion revenue passenger miles (RPMS) in April 2017, an increase of 8.4 percent from 10.4 billion RPMS flown in april 2016.Southwest Airlines Co - flew 11.2 billion revenue passenger miles (RPMS) in April 2017, an increase of 8.4 percent from 10.4 billion RPMS flown in April 2016.Southwest Airlines Co - available seat miles (ASMS) increased 7.6 percent to 13.4 billion in April 2017, compared with April 2016 asms of 12.4 billion.Southwest Airlines Co - company continues to expect its Q2 2017 operating revenue per asm (RASM) to increase in one to two percent range.Southwest Airlines Co - April 2017 load factor was 84.0 percent, compared with 83.4 percent in April 2016.  Full Article

Southwest Q1 earnings per share $0.57
Thursday, 27 Apr 2017 06:30am EDT 

April 27 (Reuters) - Southwest Airlines Co ::Southwest reports first quarter profit.Q1 earnings per share $0.61 excluding items.Q1 earnings per share $0.57.Q1 revenue rose 1.2 percent to $4.9 billion.Southwest Airlines Co says qtrly revenue passenger miles of 29.34 billion versus 28.41 billion last year.Southwest Airlines co says qtrly available seat miles of 36.70 billion versus 35.27 billion last year.Qtrly load factor 79.9% versus 80.5%.Southwest airlines co- based on current bookings and improved yield trends, company expects positive year-over-year RASM in Q2 2017.Southwest Airlines Co- expect Q2 2017 RASM to increase in one to two percent range, year-over-year.Southwest Airlines co says Q2 2017 economic fuel costs are estimated to be in $1.95 to $2.00 per gallon range.Southwest airlines -costs associated with operational initiatives and upcoming implementation of new reservation system also contributed to q1 cost pressures.Southwest Airlines - cost inflation expected to abate in second half 2017 to end this year with q4 unit costs in line with year-ago levels, excluding items, and profit sharing.Southwest Airlines - based on current cost trends, estimates Q2 unit costs, excluding fuel & oil expense, other items will increase about 6 % y-o-y.Southwest airlines -annual 2017 unit costs, excluding fuel and oil, special items, and profit sharing, estimated to increase about 3 percent, year-over-year.  Full Article

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U.S. lawmakers fight White House transportation budget cut plan

WASHINGTON The White House plan to cut transportation spending, privatize air traffic control and scrap long-distance train service is facing strong resistance in Congress .