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Southwest Airlines Co (LUV)

LUV on New York Consolidated

53.60USD
29 Mar 2017
Change (% chg)

$-0.59 (-1.09%)
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Latest Key Developments (Source: Significant Developments)

Southwest Airlines February load factor 79.0 percent
Friday, 10 Mar 2017 06:30am EST 

Southwest Airlines Co : February load factor 79.0 percent . Southwest airlines co - company flew 8.7 billion revenue passenger miles (rpms) in february 2017, an increase of 1.1 percent . Southwest airlines reports february traffic . Southwest airlines co - available seat miles (asms) increased 1.2 percent to 11.0 billion in february 2017, compared with february 2016 asms of 10.9 billion . Southwest airlines co - estimates its q1 2017 operating revenue per asm (rasm) will decline in two to three percent range . Southwest airlines - better-than-expected feb trip completion rate, loss of traffic from rainfall in california contributed to revised rasm outlook . Southwest airlines co - there was unexpected softness in close-in demand in second half of february that has since rebounded in march .Southwest airlines co - bookings and unit revenue trends beyond q1 2017 remain encouraging..  Full Article

Southwest Airlines reaches deal with Teamsters
Friday, 3 Mar 2017 04:07pm EST 

Southwest Airlines Co : Southwest Airlines-agreement in principle with Teamsters on terms of new contract for co's material specialists; details of agreement not released .Southwest Airlines Co - co's negotiating team will be meeting with ibt representatives in coming days to finalize contractual language.  Full Article

Teamsters says Southwest Material Specialists, Southwest Airlines reach agreement in principle
Friday, 3 Mar 2017 02:30pm EST 

Teamsters : Teamsters - Southwest Material Specialists negotiating team reached agreement to amend their current collective bargaining deal with Southwest Airlines .Teamsters - Current collective bargaining agreement covers more than 300 material specialists.  Full Article

Southwest Airlines employees earn $586 million in 2016 ProfitSharing
Thursday, 9 Feb 2017 10:30am EST 

Southwest Airlines Co : Southwest Airlines employees earn $586 million in 2016 ProfitSharing . Amount shared through Profit Sharing Plan equals about 13.2 percent of each eligible employee's eligible compensation, or equivalent of six weeks' pay . Announced a new funding structure that will pay part of ProfitSharing award to retirement plan and part in cash . The $586 million award is equivalent to more than $1.6 million a day and will be funded on April 20, 2017 . Most employees will receive 10 percent of eligible compensation as a contribution to ProfitSharing Plan . Employees will get the remainder-approximately 3.2 percent-in cash . Some employees will receive entire ProfitSharing award in retirement plan as specified in their collective bargaining agreement .Through ProfitSharing Plan, Southwest employees currently own more than four percent of company's outstanding shares.  Full Article

Southwest Airlines reports January load factor of 76.3 pct
Wednesday, 8 Feb 2017 06:30am EST 

Southwest Airlines Co : Southwest Airlines reports January traffic . January load factor 76.3 percent versus 77.5 percent year ago . Company flew 9.4 billion revenue passenger miles (RPMS) in January 2017, an increase of 4.6 percent . Southwest Airlines Co - flew 9.4 billion revenue passenger miles (RPMS) in January 2017, an increase of 4.6 percent . Available seat miles (ASMS) increased 6.2 percent to 12.3 billion in January 2017, compared with January 2016 ASMS of 11.5 billion .Southwest Airlines Co - Company continues to expect its Q1 2017 operating revenue per ASM (RASM) to be flat to down one percent.  Full Article

Southwest airlines sets quarterly dividend of $0.10/shr
Thursday, 2 Feb 2017 11:00am EST 

Southwest Airlines Co :Sets quarterly dividend of $0.10 per share.  Full Article

Southwest Airlines CEO on cnbc - Business travel picked up in Dec, sees slower capacity growth in 2017
Thursday, 26 Jan 2017 07:17am EST 

Southwest Airlines Co : Southwest Airlines CEO Gary Kelly on CNBC - Business travel picked up in Dec; sees slower capacity growth in 2017 Further company coverage: [LUV.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Southwest Airlines reports December traffic
Tuesday, 10 Jan 2017 06:30am EST 

Southwest Airlines Co : Southwest Airlines reports December traffic . December load factor 82.6 percent versus 83.0 percent year ago . Southwest Airlines Co sees its Q4 2016 operating revenue per ASM (RASM) will decline in 3.0 to 4.0 percent range, as compared with Q4 2015 . December available seat miles 12.65 billion versus 12.07 billion .Southwest Airlines Co - December RPMS 10.6 million, up 4.5 percent last year.  Full Article

Southwest Airlines says EVP, corporate services, Jeff Lamb reports open market sale of 14,534 shares of co's stock at average price of $48.1/shr
Monday, 5 Dec 2016 05:54pm EST 

Southwest Airlines Co :Southwest Airlines says EVP, corporate services, Jeff Lamb reports open market sale of 14,534 shares of co's common stock at average price of $48.1 per share on Dec 2.  Full Article

Southwest Airlines Appearance Technicians ratify 4-year tentative agreement with Company
Tuesday, 22 Nov 2016 01:37pm EST 

Southwest Airlines Co : Appearance Technicians, represented by Aircraft Mechanics Fraternal Association,have voted to ratify 4-year tentative agreement .New collective bargaining agreement takes effect immediately, ahead of current contract's February 2017 amendable date.  Full Article

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