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Southwest Airlines Co (LUV)

LUV on New York Consolidated

60.67USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

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

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

More From Around the Web

BRIEF-Southwest Airlines says to offer new international flights from St. Lauderdale and St. Louis

* To offer new international flights from St. Lauderdale, Nashville, and St. Louis beginning November 2017 Source text for Eikon: Further company coverage: