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Southwest Airlines Co (LUV)

LUV on New York Consolidated

56.22USD
28 Apr 2017
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$0.47 (+0.84%)
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Latest Key Developments (Source: Significant Developments)

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

Southwest Airlines says March load factor 84.1 pct vs 84.6 pct year ago
Friday, 7 Apr 2017 06:30am EDT 

Southwest Airlines Co : Southwest Airlines reports march traffic . March load factor 84.1 percent versus 84.6 percent year ago . Southwest Airlines - flew 11.3 billion revenue passenger miles (RPMS) in march 2017, an increase of 3.9 percent from 10.9 billion RPMS flown in march 2016 . Southwest airlines co - bookings and unit revenue trends for q2 2017 "remain strong" . Available seat miles (ASMS) increased 4.5 percent to 13.4 billion in march 2017, compared with March 2016 ASMS of 12.9 billion . Southwest Airlines Co - "bookings and unit revenue trends for Q2 2017 remain strong" . Southwest Airlines - continues to estimate its q1 operating revenue per ASM will decline in two to three percent range, as compared with Q1 2016 . Southwest airlines co - q1 available seat miles 36.7 billion , up 4.1 percent . Q1 revenue passenger miles 29.3 billion, up 3.3 percent .Southwest airlines co - Q1 load factor 79.9 percent versus 80.5 percent.  Full Article

Teamsters, Southwest Airlines reach tentative agreement for material specialists
Thursday, 6 Apr 2017 12:39pm EDT 

Teamsters: Teamsters, Southwest Airlines reach tentative agreement for material specialists . Agreement is a result of bargaining that led to an agreement-in-principle on March 3, 2017 . Teamsters says over 300 members to receive pay increases and signing bonuses . Teamsters says new agreement with southwest also eliminates the two-tier pay scale and the 21-year maximum salary cap by creating a new 11-year scale .Agreement covers members of Teamsters Locals 19, 986, 455,104, 781, 769 and 210.  Full Article

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

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Southwest Airlines profit misses estimates as costs rise

Southwest Airlines Co reported a smaller-than-expected quarterly profit, hit by higher operating expenses and a decline in average fares.