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Southwest Airlines Co (LUV)

LUV on New York Consolidated

58.73USD
17 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Southwest Airlines reports September traffic
Friday, 6 Oct 2017 06:30am EDT 

Oct 6 (Reuters) - Southwest Airlines Co ::Southwest airlines reports september traffic.Says ‍preliminary Q3 Revenue Passenger Miles 33.13 billion, up 2.5 percent​.Says September load factor 81.7 percent versus 84.2 percent a year ago.Says co continues to estimate its Q3 2017 operating Revenue Per ASM (RASM) to be flat to down one percent, as compared with Q3 2016​.Says flew 9.5 billion rpms in september 2017, a decrease of 4.5 percent from 9.9 billion RPMS flown in september 2016​.Says September ‍available seat miles 11.61 billion versus 11.80 billion a year ago​.Says ‍‍preliminary Q3 load factor 84.8% versus 85.3%​.Says ‍preliminary Q3 Available Seat Miles 39.05 billion versus 37.88 billion a year ago​.  Full Article

Southwest Airlines provides revised estimates to reflect impacts from hurricanes and earthquakes
Thursday, 28 Sep 2017 06:45am EDT 

Sept 28 (Reuters) - Southwest Airlines Co :Southwest Airlines Co - ‍providing revised estimates of financial, operational trends to reflect impacts from hurricanes and earthquakes during Q3 2017​.Southwest Airlines Co - company has canceled approximately 5,000 flights through September 27, 2017 due to impacts from natural disasters.Southwest Airlines Co - company now expects its Q3 2017 available seat miles to increase approximately three percent, year-over-year.Southwest Airlines Co - currently estimates negative impact to Q3 2017 operating revenues of approximately $100 million as a result of natural disasters​.Southwest Airlines Co says continues to expect its Q3 2017 economic fuel costs to be in $2.00 to $2.05 per gallon range​ - SEC filing.Southwest Airlines - expects Q3 2017 operating expense per available seat mile (CASM), excluding fuel and oil expense to increase in 3 to 4 percent range.Southwest Airlines Co - now expects its Q3 2017 operating revenue per available seat mile (RASM) to be flat to down one percent, compared with Q3 2016​.  Full Article

Southwest Airlines reports August traffic
Friday, 8 Sep 2017 06:30am EDT 

Sept 8 (Reuters) - Southwest Airlines Co :Southwest Airlines reports August traffic.Southwest Airlines Co - ‍available seat miles (asms) increased 4.9 percent to 13.3 billion in august 2017, compared with august 2016 asms of 12.7 billion​.Southwest Airlines Co- august revenue passenger miles 11.3 billion, up 5.3 percent.Southwest Airlines - ‍estimated impact from hurricane harvey, current industry revenue environment expects Q3 operating rasm to be in range of down 1 percent to slightly up, yoy​.Southwest Airlines Co - August 2017 load factor 84.9% versus 84.6%.  Full Article

Southwest Airlines Co canceled approximately 2,800 flights due to the impact from Hurricane Harvey
Wednesday, 6 Sep 2017 05:05pm EDT 

Sept 6 (Reuters) - Southwest Airlines Co ::Southwest Airlines Co - company canceled approximately 2,800 flights due to the impact from Hurricane Harvey .Southwest Airlines now expects its Q3 2017 operating revenue per available seat mile (RASM) to be in the range of down one percent to slightly up‍​.Southwest Airlines Co - the company now expects its third quarter 2017 economic fuel costs to be in the $2.00 to $2.05 per gallon rang‍​.Southwest Airlines Co - continues to expect its third quarter 2017 unit costs to increase in the two to three percent range, year-over-year.Southwest Airlines Co - continues to expect its fourth quarter 2017 capacity to increase in the one to two percent range, year-over-year.Southwest Airlines Co - with impact of Hurricane Harvey, co now expects its Q3 2017 available seat miles to increase in 3.5 to 4.0 percent range.Southwest Airlines Co - continues to estimate its 2017 capital expenditures will be about $2.3 billion, with approximately $1.4 billion in aircraft spending.Southwest Airlines - continues to expect year-over-year available seat mile (ASM) growth in first half 2018 to be less than four percent.Southwest Airlines - continues to expect full year 2018 year-over-year asm growth to be less than its 2016 year-over-year asm growth of 5.7 percent.  Full Article

Southwest Airlines adds flights throughout California
Monday, 28 Aug 2017 01:30pm EDT 

Aug 28 (Reuters) - Southwest Airlines Co :Southwest airlines co - ‍adds flights throughout California effective March 2018 onwards​.Southwest airlines co - airline adds 19 new routes from California cities; adds international service to San Jose, Sacramento, Columbus and New Orleans.  Full Article

Southwest airlines reports July traffic
Wednesday, 9 Aug 2017 06:30am EDT 

Aug 9 (Reuters) - Southwest Airlines Co ::Southwest airlines reports July traffic.July load factor 87.3 percent versus 86.9 percent year ago.Southwest Airlines Co - ‍company flew 12.4 billion revenue passenger miles (RPMS) in July 2017, an increase of 6.0 percent​.Southwest Airlines Co - continues to expect its Q3 2017 operating revenue per ASM (RASM) to increase approximately one percent, as compared with Q3 2016.Southwest Airlines Co - continues to expect its Q3 2017 operating revenue per ASM (RASM) to increase approximately one percent, as compared with Q3 2016..Southwest Airlines Co - flew 12.4 billion revenue passenger miles (RPMS) in July 2017, an increase of 6.0 percent from 11.7 billion RPMS flown in July 2016​.Southwest airlines co - ‍available seat miles (ASMS) increased 5.5 percent to 14.2 billion in july 2017, compared with July 2016 asms of 13.4 billion​.  Full Article

Southwest Airlines extends flight schedule through April 6, 2018
Thursday, 27 Jul 2017 10:56am EDT 

July 27 (Reuters) - Southwest Airlines Co ::Southwest Airlines extends flight schedule through April 6, 2018.Will begin international service for Indianapolis travelers with new weekly service to Cancun, Mexico.New flights between Cancun and Indianapolis will operate seasonally on Saturdays beginning March 10, 2018.Is also offering new international service beginning March 8, 2018 between Ft. Lauderdale and Aruba.  Full Article

Southwest Q2 earnings per share $1.23
Thursday, 27 Jul 2017 06:30am EDT 

July 27 (Reuters) - Southwest Airlines Co ::Southwest reports second quarter profit.Q2 earnings per share $1.23.Q2 earnings per share view $1.20 -- Thomson Reuters I/B/E/S.Q2 earnings per share $1.24 excluding items.Southwest Airlines Co - Q3 2017 economic fuel costs are estimated to be in $1.95 to $2.00 per gallon range.Southwest Airlines Co - qtrly load factor 85.6 percent versus 85.6 percent last year.Southwest Airlines - expects its Q3 2017 year-over-year rasm growth to be approximately one percent.Southwest Airlines Co - ‍company currently does not expect a significant unfavorable impact from transition to new reservation system beyond Q3 2017​.Southwest Airlines Co - Q2 revenue passenger miles of ‍​34.38 billion versus 32.71 billion last year.Southwest Airlines Co - ‍Q3 year-over-year rasm comparisons also will be impacted by last July's technology outage and timing of July 4th holiday in 2017​.Southwest-‍continue to expect annual incremental benefits from new reservation system capabilities to ramp up to estimated $200 million pretax profits in 2018​.Southwest Airlines - expects its Q3 2017 available seat miles (ASMs) to increase in four to five percent range.Southwest Airlines Co - Q2 available seat miles of ‍​ 40.17 billion versus 38.23 billion last year.Southwest Airlines - ‍expects Q4 unit costs to be in line with year-ago levels, excluding fuel and oil expense, special items, and profitsharing expense​.  Full Article

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

BRIEF-Southwest Airlines announces intention to serve Hawaii

* Southwest Airlines - ‍intention to launch application process for Federal Aviation Administration authorization for extended operations for Hawaii ​ Source text for Eikon: Further company coverage: