Southwest Airlines Co.

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  • Today, 2:59 PM
    • Southwest Airlines (LUV -0.5%) is being given the opportunity to grab landing slots at Long Beach Airport, according to Los Angeles Times.
    • The carrier can start with four slots before adding more in the future.
    • Though small by comparison to LAX, Long Beach offers some competitive advantages for Southwest.
    | Today, 2:59 PM
  • Fri, Feb. 5, 7:33 AM
    • Southwest Airlines (NYSE:LUV) reports revenue passenger miles increased 11% to 8.9B in January.
    • Capacity was up 7.8% to 11.5B available seat miles.
    • The strong traffic bump helped push up Southwest's load factor 230 bps to 77.5%.
    • The average Southwest flight during January was 2.6% longer at 1,005 miles.
    | Fri, Feb. 5, 7:33 AM
  • Fri, Jan. 29, 7:53 PM
    • Southwest Airlines (LUV +3.8%) and the union representing its flight instructors have come to a tentative deal, just four weeks after the current contract became amendable.
    • The Transport Workers Union Local 557 came to the deal on behalf of the represented instructors. The union will share terms over the next few weeks and if ratified, the new deal would be amendable at the end of 2019.
    | Fri, Jan. 29, 7:53 PM
  • Thu, Jan. 28, 11:17 AM
    • Southwest Airlines (NYSE:LUV) declares $0.075/share quarterly dividend, in line with previous.
    • Forward yield 0.82%
    • Payable March 24; for shareholders of record March 3; ex-div March 1.
    | Thu, Jan. 28, 11:17 AM | 4 Comments
  • Tue, Jan. 26, 9:13 AM
    • Southwest Airlines (NYSE:LUV) announces the retirement of Chief Marketing Officer Kevin Krone.
    • Krone, a 25-year Southwest vet, rose to the highest ranking marketing position at the company and was tasked with some digital responsibilities.
    | Tue, Jan. 26, 9:13 AM
  • Sat, Jan. 23, 2:46 PM
    • The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
    • The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
    • The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
    • The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
    • Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
    • Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
    • Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
    | Sat, Jan. 23, 2:46 PM | 71 Comments
  • Fri, Jan. 22, 8:01 AM
    • Major airline carriers are considering adjusting their fuel hedging strategies after leaving some profit off the table with crude oil prices staying at depressed levels.
    • United lost six full percentage points of fuel expense cost reduction in Q4 due to hedging, while no-hedging American Airlines (NASDAQ:AAL) paid on average about $0.30 less per gallon during the quarter than its large rivals.
    • Executives with Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), and United Continental (NYSE:UAL) all confirmed that a lower level of hedging may be used in the near future. One option is using hedging as catastrophic event insurance - instead of attempting to smooth out costs.
    | Fri, Jan. 22, 8:01 AM | 44 Comments
  • Fri, Jan. 22, 5:03 AM
    • A massive winter storm is barreling toward Washington D.C., with the system poised to drop near-record snowfall on the U.S. capital before walloping other cities with blizzard conditions.
    • The National Weather Service described the storm as "potentially crippling" for a swath of the Northeast, with snowfall exceeding two feet in many metro areas.
    • Airlines have canceled thousands of weekend flights, with many of the 2,200 cancellations set for Friday.
    • Related tickers: AAL, DAL, JBLU, LUV, SAVE, UAL
    | Fri, Jan. 22, 5:03 AM | 9 Comments
  • Thu, Jan. 21, 7:13 AM
    • Southwest Airlines (NYSE:LUV) reports operating income of $992M in Q4 to set a new record for the period.
    • Revenue passenger miles were up 11% to 29.727B to easily top the 8% gain in capacity to 35.367B available seat miles.
    • Southwest stretched out its average aircraft stage length by 4% to 748 miles.
    • Average passenger fare -5.1% to $149.94.
    • Passenger revenue per available seat mile -4.7% to $0.1287.
    • Fuel expenses fell 32% to $798M during the quarter. Salaries/wages/benefits expenses were up 29% to $1.659B.
    • Previously: Southwest Airlines EPS in-line, misses on revenue (Jan. 21 2016)
    • LUV +1.7% premarket to $39.97.
    | Thu, Jan. 21, 7:13 AM | 1 Comment
  • Thu, Jan. 21, 6:29 AM
    • Southwest Airlines (NYSE:LUV): Q4 EPS of $0.90 in-line.
    • Revenue of $4.98B (+7.6% Y/Y) misses by $20M.
    • Shares -0.04% PM.
    • Press Release
    | Thu, Jan. 21, 6:29 AM | 2 Comments
  • Wed, Jan. 20, 5:30 PM
    | Wed, Jan. 20, 5:30 PM | 3 Comments
  • Wed, Jan. 20, 10:32 AM
    • Nervous trading surrounds airline stocks even with oil prices reaching new lows. There was also some data released today on fares.
    • Airline fares fell 1.1% M/M in December as promotional activity increased in key markets, according to the Bureau of Labor Statistics.
    • The average fare in December was 3.0% lower than the level from a year ago on an unadjusted basis.
    • There's been reports from industry watchers that fares have moved lower in January as carriers scrap for market share.
    • Early reports from Delta and Spirit on Q4 results were strong, but the sector is sharply lower on overriding macro concerns: Southwest Airlines (LUV -4.3%), United Continental (UAL -5.1%), Delta Air Lines (DAL -4.6%), American Airlines Group (AAL -4.7%), JetBlue (JBLU -2.5%), Alaska Air Group (ALK -2.9%), Hawaiian Holdings (HA -5.7%), Spirit Airlines (SAVE +1.9%), Allegiant Travel (ALGT -0.3%), Republic Airways (RJET -6.5%), Virgin America (VA -3.4%), SkyWest (SKYW -5.8%).
    • Related ETF: JETS.
    • BLS CPI data
    | Wed, Jan. 20, 10:32 AM | 26 Comments
  • Wed, Jan. 13, 3:54 PM
    • The transportation sector is down sharply across the board on broad macroeconomic concerns.
    • Airline decliners include SkyWest (SKYW -6.9%), Spirit Airlines (SAVE -6.1%), United Continental (UAL -5.5%), Southwest Airlines (LUV -5.3%), and American Airlines (AAL -4.6%).
    • Railroad movers include CSX (CSX -5.5%), Norfolk Southern (NSC -5.9%), Genesee & Wyoming (GWR -6.3%), Canadian Pacific (CP -5.6%), and Kansas City Southern (KSU -4.1%).
    | Wed, Jan. 13, 3:54 PM | 27 Comments
  • Wed, Jan. 13, 8:35 AM
    • Allegiant Air (NASDAQ:ALGT) plans to start flying out of Baltimore-Washington International Thurgood Marshall Airport this spring.
    • The company is announcing cut-rate fares as a promotion tied to its official announcement of the new service.
    • Allegiant has been slowly increasing its presence at larger airports.
    • BWI is a hub for Southwest Airlines (NYSE:LUV).
    | Wed, Jan. 13, 8:35 AM | 4 Comments
  • Mon, Jan. 11, 6:47 AM
    • Southwest Airlines (NYSE:LUV) reports passenger revenue miles increased 8.6% to 10.02B in December. Passengers carried were only up 5.3% as more longer flights were utilized.
    • Capacity was up 8.3% Y/Y to 12.072B available seat miles.
    • December load factor +30 bps to 83.0%.
    • 2015 load factor +110 bps to 83.6%.
    • Southwest estimates Q4 revenue per available seat mile to be flat to down 1%.
    | Mon, Jan. 11, 6:47 AM | 6 Comments
  • Fri, Jan. 8, 7:13 PM
    • Delta Air Lines (DAL -0.9%) has won a battle in a long-simmering dispute over gates at Dallas' Love Field, as a federal judge says Delta can't be kicked out by Southwest (LUV +0.6%) while they fight about space.
    • A space crunch led Delta and Southwest into conflict last year, resulting in related lawsuits and involving peripheral players including American Airlines and Virgin America.
    • Judge Ed Kinkeade ruled that moving Delta flights (five a day at Love Field) while the suits play out would be an inconvenience to passengers, saying Southwest and the City of Dallas were "playing a game of musical chairs" to pinch Delta. Delta had used gates leased by United, though Southwest paid $120M to sublease those gates in an attempt to oust Delta.
    • Southwest -- which is headquartered next to the airport -- controls 18 of the 20 gates, operating 180 flights.
    • Previously: Love Field case gives inside look at airline bartering (Sep. 29 2015)
    • Previously: Federal judge to rule on Love Field battle (Sep. 28 2015)
    • Previously: Major fight in Dallas over Love Field ratchets up again (Jun. 18 2015)
    | Fri, Jan. 8, 7:13 PM | 1 Comment
Company Description
Southwest Airlines Co is an operator of passenger airline that provides scheduled air transportation in the United States and international markets.
Sector: Services
Country: United States