real-time news and commentary for investors
Thursday, Oct 18
2012, 1:12 PM
Highlights from Southwest Airlines' (LUV +0.8%) conference call: Execs say modernizing the...
Highlights from Southwest Airlines' (LUV +0.8%) conference call: Execs say modernizing the carrier's fleet adding close to $700M a year starting in 2015. The company forecasts a favorable cost environment in 2013, boosted by lower oil prices. Revenue management and pricing continues to be tweaked at AirTran, though upside within the brand is limited. Fuel hedges still running off of a 2008 deal, so coverage is down to 15% to reduce risk for 2013. Travelers take note: Southwest is also giving increased power to agents to discount fares for walk-up customers. (webcast)