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Southwest Airlines Co (LUV.N)

LUV.N on New York Stock Exchange

52.24USD
17 May 2019
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Latest Key Developments (Source: Significant Developments)

Southwest Airlines Authorizes New Share Repurchase, Increases Dividend
Wednesday, 15 May 2019 11:55am EDT 

May 15 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES RETURNS VALUE TO SHAREHOLDERS.SOUTHWEST AIRLINES CO - AUTHORIZES NEW SHARE REPURCHASE PROGRAM.SOUTHWEST AIRLINES CO - INCREASES QUARTERLY DIVIDEND.SOUTHWEST AIRLINES CO - INCREASES QUARTERLY DIVIDEND.SOUTHWEST AIRLINES CO - QUARTERLY DIVIDEND WILL INCREASE TO $.18 PER SHARE.SOUTHWEST AIRLINES CO - $2.0 BILLION REPURCHASE AUTHORIZATION.SOUTHWEST AIRLINES CO - $2.0 BILLION SHARE REPURCHASE PROGRAM UPON COMPLETION OF REMAINING $400 MILLION UNDER MAY 2018 $2.0 BILLION SHARE REPURCHASE AUTHORIZATION.SOUTHWEST AIRLINES - ENTERED ADDITIONAL OPEN MARKET SHARE REPURCHASE PLAN FOR PURCHASE OF UP TO AN ADDITIONAL $50 MILLION OF ITS SHARES OF COMMON STOCK.SOUTHWEST AIRLINES CO - LONG-TERM FINANCIAL GOALS REMAIN UNCHANGED.  Full Article

Southwest Airlines Co Says CEO Gary Kelly's 2018 Total Compensation Was $7.7 Mln Versus $7.6 Mln In 2017
Friday, 5 Apr 2019 06:29am EDT 

April 5 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES - RATIO OF TOTAL ANNUAL COMPENSATION OF CEO TO MEDIAN EMPLOYEE’S ANNUAL COMPENSATION WAS REASONABLY ESTIMATED TO BE 98.4 TO 1.SOUTHWEST AIRLINES CO - CHAIRMAN & CEO GARY C. KELLY'S 2018 TOTAL COMPENSATION WAS $7.7 MILLION VERSUS $7.6 MILLION IN 2017.  Full Article

Southwest Airlines Co Says Estimates Q1 2019 YOY Available Seat Mile Growth To Be About 1 Pct
Wednesday, 27 Mar 2019 06:53am EDT 

March 27 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES CO - ESTIMATES ITS FIRST QUARTER 2019 YEAR-OVER-YEAR AVAILABLE SEAT MILE (ASM, OR CAPACITY) GROWTH TO BE APPROXIMATELY 1 PERCENT.SOUTHWEST AIRLINES - SINCE MID-FEBRUARY AND THROUGH MARCH 31, 2019, CURRENTLY EXPECTS CANCELLATIONS OF ABOUT 9,400 FLIGHTS DUE TO WEATHER, UNANTICIPATED EVENTS.SOUTHWEST AIRLINES CO - IN PROCESS OF TEMPORARILY RELOCATING ITS MAX AIRCRAFT TO A THIRD-PARTY FACILITY AND IMPLEMENTING AN ENHANCED STORAGE PROGRAM.SOUTHWEST AIRLINES - EXPECTS Q1 OPERATING REVENUE PER ASM TO INCREASE IN 2 TO 3 PERCENT RANGE, YEAR-OVER-YEAR.SOUTHWEST AIRLINES CO - DIFFICULT FOR THE COMPANY TO FORECAST THE IMPACT OF THE MAX GROUNDINGS BEYOND FIRST QUARTER 2019.SOUTHWEST AIRLINES-AS OF MARCH 13, HAD 41 REMAINING MAX DELIVERIES SCHEDULED IN 2019,221 FIRM ORDERS,115 OPTIONS, 3 ADDITIONAL DELIVERIES BEYOND 2019.SOUTHWEST AIRLINES - REDUCED PUBLISHED FLIGHT SCHEDULE THROUGH APRIL 20, 2019, CURRENTLY EVALUATING FUTURE SCHEDULE REDUCTIONS DUE TO 737 MAX 8 GROUNDING.SOUTHWEST AIRLINES - Q1 REVENUE TRENDS NEGATIVELY IMPACTED BY MORE WINTER WEATHER DISRUPTIONS THAN EXPECTED, MAX GROUNDINGS, AMONG OTHERS.SOUTHWEST AIRLINES - CONTINUES TO EXPECT STRONG YEAR-OVER-YEAR RASM PERFORMANCE IN SECOND QUARTER 2019, BASED ON CURRENT REVENUE TRENDS AND BOOKINGS.SOUTHWEST AIRLINES - EXPECTS Q1 2019 CASM, EXCLUDING FUEL AND OIL EXPENSE AND PROFITSHARING EXPENSE, TO INCREASE APPROXIMATELY 10 PERCENT.  Full Article

Southwest Airlines Says 737 Max Emergency Landing Was Not Related To Computer System Issues Under Scrutiny In Other Crashes
Tuesday, 26 Mar 2019 05:49pm EDT 

Southwest Airlines Co ::SOUTHWEST AIRLINES SAYS 737 MAX EMERGENCY LANDING WAS NOT RELATED TO COMPUTER SYSTEM ISSUES UNDER SCRUTINY IN OTHER CRASHES.  Full Article

Teamsters says Agreement With Southwest Includes Three Pct Annual Wage Increases
Tuesday, 26 Mar 2019 10:27am EDT 

March 26 (Reuters) - INTERNATIONAL BROTHERHOOD OF TEAMSTERS::AGREEMENT WITH SOUTHWEST INCLUDES THREE PERCENT ANNUAL WAGE INCREASES AND TOP OUT RATE OF $35 PER HOUR.AGREEMENT INCLUDES A GUARANTEE THAT SOUTHWEST WILL HIRE MORE MATERIAL SPECIALISTS.AGREEMENT WITH SOUTHWEST INCLUDES RATIFICATION BONUS EQUIVALENT TO 30 PERCENT OF EACH WORKER'S WAGES FOR LAST YEAR.  Full Article

Southwest Airlines' Material Specialists Approve New Agreement
Tuesday, 26 Mar 2019 10:00am EDT 

Southwest Airlines Co ::SOUTHWEST AIRLINES' MATERIAL SPECIALISTS APPROVE NEW AGREEMENT.SOUTHWEST AIRLINES CO - NEWLY-RATIFIED CONTRACT IS EFFECTIVE IMMEDIATELY AND BECOMES AMENDABLE IN APRIL 2024..SOUTHWEST AIRLINES CO - MATERIAL SPECIALISTS, REPRESENTED BY INTERNATIONAL BROTHERHOOD OF TEAMSTERS VOTED IN FAVOR OF A NEW, FIVE-YEAR CONTRACT.  Full Article

Citigroup cuts FY 2019/20 EPS estimates for Southwest Airlines
Friday, 15 Mar 2019 07:30am EDT 

March 15 (Reuters) - SOUTHWEST AIRLINES CO ::CITIGROUP CUTS FY 2019 EPS ESTIMATES TO $4.71 FROM $4.90.CITIGROUP CUTS FY 2020 EPS ESTIMATES TO $5.52 FROM $5.58.CITIGROUP SAYS ITS Q1 FORECAST NOW INCLUDES BELOW-GUIDED RASM GROWTH ESTIMATE OF 2.5 PERCENT.CITIGROUP SAYS ITS Q1 FORECAST NOW INCLUDES ABOVE GUIDANCE NON-FUEL COSTS GROWTH, ESTIMATES CASM GROWTH 7% FOR Q1.CITIGROUP SAYS WITH CO'S 737 MAXES NOW GROUNDED, CO IS FACING A LARGER AIRCRAFT SHORTAGE, WITH ESSENTIALLY NO NOTICE.CITIGROUP SAYS CO IS LIKELY TO HAVE INCREASED CUSTOMER COMPENSATION EXPENSE DUE TO HIGHER THAN PLANNED CANCELLATIONS.  Full Article

Southwest Airlines Fielding Questions From Customers Whether Their Flight Will Be Operated By Boeing 737 MAX 8
Monday, 11 Mar 2019 01:00pm EDT 

March 11 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES SAYS "WE ARE FIELDING SOME QUESTIONS FROM CUSTOMERS ASKING IF THEIR FLIGHT WILL BE OPERATED BY THE BOEING 737 MAX 8".SOUTHWEST AIRLINES - REMAIN CONFIDENT IN SAFETY AND AIRWORTHINESS OF CO'S FLEET OF MORE THAN 750 BOEING AIRCRAFT.SOUTHWEST AIRLINES SAYS CO'S CUSTOMER RELATIONS TEAM IS RESPONDING TO CUSTOMERS INDIVIDUALLY, EMPHASIZING CO'S "FRIENDLY, NO-CHANGE FEE POLICY".  Full Article

FAA Warns Southwest Airlines, Mechanics That Their Labor Dispute Threatens The Airline's Safety Practices - WSJ
Friday, 8 Mar 2019 05:36pm EST 

March 8 (Reuters) - :U.S. FAA WARNS SOUTHWEST AIRLINES AND ITS MECHANICS THAT THEIR LABOR DISPUTE THREATENS TO DAMAGE THE AIRLINE’S SAFETY PRACTICES - WSJ.  Full Article

Teamsters Reach Tentative Agreement For Southwest Airlines Material Specialists
Friday, 11 Jan 2019 04:11pm EST 

Southwest Airlines Co ::TEAMSTERS REACH TENTATIVE AGREEMENT FOR SOUTHWEST AIRLINES MATERIAL SPECIALISTS.THE TEAMSTERS SAYS REACHED TENTATIVE AGREEMENT WITH SOUTHWEST AIRLINES ON BEHALF OF MEMBERS WHO WORK AS MATERIAL SPECIALISTS FOR THE CARRIER.THE TEAMSTERS SAYS NEARLY 300 MATERIAL SPECIALISTS AT SOUTHWEST OVERSEE CO'S TECHNICAL OPERATION INVENTORY MANAGEMENT ACROSS NETWORK..THE TEAMSTERS SAYS AGREEMENT WITH SOUTHWEST AIRLINES CONTAINS NUMBER OF SIGNIFICANT IMPROVEMENTS IN WAGES, BENEFITS.  Full Article

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Airlines face scramble to restore 737 MAX flights once regulators approve fix

SEATTLE Once global regulators clear Boeing Co's 737 MAX to fly again after deadly crashes, airlines which have put their fleets into mechanical hibernation since March will scramble to begin the biggest ungrounding effort in history.