Key Developments: Southwest Airlines Co (LUV)
14.31USD
21 May 2013
$0.06 (+0.42%)
$14.38
$14.23
$14.56
$14.23
12,836,600
7,199,784
$14.56
$8.05
Latest Key Developments (Source: Significant Developments)
Southwest Airlines Co Issues FY 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
Southwest Airlines Co announced that it expects it is a reasonable and achievable plan to grow its revenues for fiscal 2013. And the Company's plan is to grow them by $1.1 billion in fiscal 2013 compared to fiscal 2012. The Company reported revenue of $17.088 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $18.066 billion for fiscal 2013. Full Article
Southwest Airlines Co Declares Consecutive Quarterly Dividend
Southwest Airlines Co announced that Board of Directors declared a quarterly dividend of $.01 per share to Shareholders of record at the close of business on March 7, 2013 on all shares then issued and outstanding. The 146th consecutive dividend will be paid on March 28, 2013. Full Article
Southwest Airlines Co Comments On Q1 2013 Unit Revenue Guidance
Southwest Airlines Co announced that based on current bookings and revenue trends, the Company expects a solid year-over-year increase in its first quarter 2013 unit revenues. Full Article
Southwest Airlines Co Declares Consecutive Quarterly Dividend
Southwest Airlines Co announced that the board of directors have declared a quarterly dividend of $0.01 per share to Shareholders of record at the close of business on December 6, 2012 on all shares then issued and outstanding. The consecutive dividend will be paid on January 3, 2013. Full Article
Southwest Airlines Co Comments On Q4 2012 Revenue Guidance
Southwest Airlines Co announced that for the fourth quarter of 2012, based on traffic and revenue trends, it expects a solid year-over-year increase in operating unit revenues. Full Article
Southwest Airlines Co Chief Financial Officer To Retire
Southwest Airlines Co announced that its Senior Vice President of Finance and Chief Financial Officer, Laura Wright, has advised the Company of her decision to retire. Tammy Romo has been named to succeed Wright as Senior Vice President of Finance and Chief Financial Officer. Full Article
Southwest Airlines Co Declares Quarterly Dividend
Southwest Airlines Co announced that the board of directors declared a quarterly dividend of $.01 per share to shareholders of record at the close of business on August 16, 2012 on all shares then issued and outstanding. The dividend will be paid on September 6, 2012. Full Article
Southwest Airlines Co Comments On Q3 2012 Revenue Guidance-Conference Call
Southwest Airlines Co announced that for the third quarter of 2012, it expects another solid revenue performance, but do not expect the year-over-year growth to exceed second quarter of 2012 of 6%. Full Article
Southwest Airlines, Delta Air Lines, And Boeing Capital Reach Agreement To Lease Or Sublease Airtran Boeing 717 Fleet
Southwest Airlines Co announced that the Company, together with its subsidiary, AirTran Airways, Inc., has reached an agreement with Delta Air Lines, Inc., and Boeing Capital Corp., to lease or sublease all 88 of AirTran's Boeing 717 aircraft to Delta. The Company will transition approximately three 717 aircraft per month beginning August 2013. By reaching this agreement, the Company will avoid converting the AirTran 717 fleet into Southwest as part of the AirTran integration. The Company's aircraft rent expense associated with Boeing 717s will be eliminated as each aircraft is transitioned to Delta. The Company's total estimated AirTran acquisition and integration costs are expected to increase by approximately $50 million as a result of the aircraft transition costs assumed by the Company as part of this 717 agreement. Full Article
Southwest Airlines Increases Dividend And Share Repurchase
Southwest Airlines announced that its Board of Directors, at its meeting declared an increase in the quarterly dividend and increased the Company's share repurchase authorization to $1 billion. The increased quarterly dividend is $0.01 per share from $.0045 per share. The increase in the quarterly dividend will begin with the 143rd dividend declared to Shareholders of record at the close of business on June 6, 2012 on all shares then issued and outstanding to be paid on June 20, 2012. Repurchases will be made in accordance with applicable securities laws from time to time in open market or private transactions, depending on market conditions, and may be discontinued at any time. In August 2011, the Board of Directors authorized the repurchase of up to $500 million of the Company's common stock. Through May 15, 2012, the Company repurchased approximately 39 million shares for a total of $325 million as part of this program. The Board's decision to increase the share repurchase authorization to $1 billion allows the Company to repurchase an additional $675 million of common stock. Since January 2006, the Company has repurchased approximately 159 million shares for a total of $2.2 billion. Full Article
Southwest Air boosts dividend, revises plane deliveries
- Southwest Airlines Co on Wednesday announced a boost in its dividend and its share repurchase program and said it is changing some plane orders and deliveries.
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