Southwest Airlines Co. (LUV) - NYSE
  • Oct. 8, 2015, 11:31 AM
    • Credit Suisse is prepping for the airlines earnings season.
    • The investment firm recommends holding Southwest Airlines (LUV -0.5%), Delta Air Lines (DAL -0.7%), and United Continental (UAL -0.5%) ahead of their Q3 prints.
    • A neutral stance is taken by CS on American Airlines Group (AAL -0.2%) and Spirit Airlines (SAVE -0.2%).
    • What to watch: Q3 reports are expected to mark a bottom in unit revenue as booking catch up to capacity increases and costs decline. Many of the comparables for companies will become easier heading into Q4. Also of importance, earnings calls should help clear up some visibility on carriers' 2016 plans.
    | Oct. 8, 2015, 11:31 AM | 9 Comments
  • Oct. 8, 2015, 8:12 AM
    • Southwest Airlines (NYSE:LUV) says revenue passenger miles increased 11.4% to 9.2B in September.
    • Capacity rose 8.4% to 11.1B available seat miles in the month. Southwest flew 2% more flights and saw a 2.1% gain in average length from a year ago.
    • September load factor +220 bps to 82.7%, a record for the month.
    • Q3 load factor +100 bps to 85.4%.
    • YTD load factor +90 bps to 83.5%.
    | Oct. 8, 2015, 8:12 AM | 4 Comments
  • Oct. 6, 2015, 11:21 AM
    • Airline stocks are reacting to a big jump today in oil prices.
    • The entire sector is lower, with Alaska Air Group (ALK -2.6%), United Continental (UAL -2.2%), JetBlue (JBLU -2%), and Southwest Airlines (LUV -1.8%) peeling off the most.
    • Hedging activity is still a major factor in how oil price swings impact airlines' earnings. Here's a comparison of how Q2 shook out for some players.
    | Oct. 6, 2015, 11:21 AM | 14 Comments
  • Sep. 29, 2015, 9:53 AM
    • Southwest Airlines (LUV -0.7%) disclosed during yesterday's courtroom proceedings in Dallas that it will pay United Continental $120M for the use of two gates at Love Field over a long period of time.
    • The case is giving an "inside baseball" look at the world of airline wheeling and dealing which is keeping analysts hopping.
    • The deal with United gives Southwest control of 18 out of 20 gates at the airport, although one of the gates being used currently by Delta is the focus of the ongoing legal battle.
    • There was some confusion over the high cost Southwest was paying since Delta is coughing for less in its agreement which also included a swap of landing slots at NYC's Laguardia Airport.
    • Previously: Federal judge to rule on Love Field battle (Sep. 28 2015)
    | Sep. 29, 2015, 9:53 AM
  • Sep. 28, 2015, 11:59 AM
    • There's not a great deal of love between Southwest Airlines (LUV -2%), Delta Air Lines (DAL -3.2%), and the DOT in Dallas where a federal judge will rule shortly on the use of some gates at Love Field.
    • Delta wants to extend its operations at a gate it uses for five flights a day out of Love, while Southwest needs the extra space to accommodate the significant expansion it has in the works out of the airport. The City of Dallas has thrown its hands up and wants the DOT to rule on the issue.
    • The district judge will make a determination that will impact the gates while other related lawsuits play out.
    | Sep. 28, 2015, 11:59 AM | 10 Comments
  • Sep. 21, 2015, 6:52 PM
    • Wynn Resorts (NASDAQ:WYNN), Viacom (NASDAQ:VIAB) and Dollar Tree (NASDAQ:DLTR) headline Goldman Sachs' list of 25 companies that could post outsized returns even as more and more stocks are moving in lock-step.
    • Goldman’s picks come as return dispersion - the performance gap among stocks - has sunk lately amid turmoil in China and concerns about when the Fed will raise interest rates that has pushed stock correlations to their highest level since 2011.
    • Given the low-dispersion setting, Goldman says investors should focus on these 25 stocks that have high “dispersion scores” and 15%-plus upside to the firm’s targets: WYNN, VIAB, DLTR, UAL, LUV, URBN, CBG, JNPR, MPC, NFLX, HBI, SIG, CRM, CERN, VLO, KMX, ENDP, CTSH, ISRG, ETFC, TSN, CCE, CI, REGN, GT
    | Sep. 21, 2015, 6:52 PM | 59 Comments
  • Sep. 21, 2015, 2:08 PM
    • Southwest Airlines (LUV -0.5%) expects capacity to increase 7% this year and in a range of 5% to 6% in 2016.
    • Q3 revenue per available seat mile is seen falling 1% Y/Y.
    • Full year unit costs are forecast to decline 2% before fuel is factored in. Average fuel cost is seen dropping 24.5% Y/Y to $2.22 a gallon in Q3.
    • SEC Form 8-K
    | Sep. 21, 2015, 2:08 PM | 1 Comment
  • Sep. 18, 2015, 7:01 AM
    • Southwest Airlines (NYSE:LUV) reaches a tentative wage agreement with an union representing its pilots.
    • The company's +8K pilots will vote on the deal on November 4.
    | Sep. 18, 2015, 7:01 AM | 3 Comments
  • Sep. 16, 2015, 9:38 AM
    • Airline fares fell 3.1% M/M in August to follow up on a 5.6% decline in July, according to the Bureau of Labor Statistics.
    • The average fare was 6.0% lower than the level from a year ago on an unadjusted basis.
    • The drop in fares was expected with jet fuel prices dramatically lower. In some cases, carriers are spending 30% to 45% less on fuel per mile compared to a year ago.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Sep. 16, 2015, 9:38 AM | 8 Comments
  • Sep. 8, 2015, 8:38 AM
    • Southwest Airlines (NYSE:LUV) reports revenue passenger miles increased 7.5% to 10.3B in August.
    • Capacity was up 7.6% to 12.1B available seat miles.
    • August load factor -10 bps to 85.4%.
    • YTD load factor +70 bps to 83.6%.
    • The company expects operating revenue per available seat mile will decline 1% Y/Y in Q3.
    | Sep. 8, 2015, 8:38 AM | 1 Comment
  • Sep. 4, 2015, 9:12 AM
    | Sep. 4, 2015, 9:12 AM | 10 Comments
  • Sep. 3, 2015, 3:37 PM
    • Southwest Airlines (LUV -0.8%) has worked out an agreement in principle with an union representing pilots, according to The Dallas Morning News.
    • Southwest pilots will vote on the deal after the final language of a new contract is worked out.
    | Sep. 3, 2015, 3:37 PM | 4 Comments
  • Aug. 26, 2015, 1:58 PM
    • Southwest Airlines (NYSE:LUV), Spirit Airlines (NASDAQ:SAVE), and PE-owned Frontier Airlines are the three airlines firing off the largest fare promotions, according to analysis from Associated Press.
    • Airline fares fell last month, although the decline was magnified by large cuts in markets with overcapacity.
    • Analysts note the combination of sustained lower oil prices and the increase of efficient planes give airlines some room to drop rates without wrecking margins.
    • Previously: Airline fares fall sharply in July (Aug. 19)
    | Aug. 26, 2015, 1:58 PM | 1 Comment
  • Aug. 19, 2015, 3:35 PM
    • Airline stocks are mixed on the day as investors digest the net impact of another drop in oil prices against the Commerce Department's read that air fares fell almost 6% in July.
    • Some analysts think the group is getting less of a bounce from the new swing low in jet fuel costs due to concerns on revenue metrics.
    • Air fares are expected to drop through the summer due in part to a seasonal trend, although today's reported drop for July has been taken lightly by some who see the government's methodology as lacking accuracy.
    • Allegiant Travel (ALGT -1.1%) and Spirit Airlines (SAVE -1.0%) are the largest decliners in the sector today, while Southwest Airlines (LUV +0.9%) and Virgin America (VA +0.2%) are the only gainers.
    • Related ETFs: JETS.
    • Previously: Airline fares fall sharply in July (Aug. 19)
    | Aug. 19, 2015, 3:35 PM | 8 Comments
  • Aug. 19, 2015, 9:19 AM
    • Airlines fares fell 5.6% M/M in July to mark the sharpest drop in the index since December 1995, according to the Bureau of Labor Statistics.
    • The average fare was also 5.6% lower than the level from a year ago on an unadjusted basis.
    • Lower jet fuel expenses and an increased focus on price collusion in the sector are both in the background.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Aug. 19, 2015, 9:19 AM | 16 Comments
  • Aug. 17, 2015, 3:41 PM
    • Southwest Airlines (LUV +2.7%) faces a FAA fne of $325K for operating a 737 that wasn't in full compliance with regulations.
    • The issue arose out of an inspection in El Salvador in which the FAA determined a plane was in use for 4,831 flights beyond the threshold for which it needed a permanent repair.
    • The company has requested a meeting with the FAA to discuss the issue.
    | Aug. 17, 2015, 3:41 PM | 4 Comments
Company Description
Southwest Airlines Co. provides scheduled air transportation services in the United States and near international markets. The company operates Southwest Airlines and AirTran Airways major passenger airlines that provide scheduled air transportation services. AirTran Airways operates fleet of... More
Sector: Services
Industry: Regional Airlines
Country: United States