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Southwest Airlines Co. (LUV)

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  • Jul. 22, 2013, 6:36 PM
    A Southwest (LUV) flight has crash landed at NYC's LaGuardia Airport, apparently losing its front landing gear upon touchdown. The airport is closed to further landings for now. No injuries are reported. LUV has not yet issued a statement. Shares -0.5% AH.
    | Jul. 22, 2013, 6:36 PM | 5 Comments
  • Jul. 17, 2013, 4:48 PM
    Southwest Airlines Co. (LUV) declares $0.04/share quarterly dividend, in line with previous. Forward yield 1.17%. For shareholders of record Aug. 8. Payable Aug. 29. Ex-div Aug. 6. (PR)
    | Jul. 17, 2013, 4:48 PM | 1 Comment
  • Jul. 9, 2013, 9:00 AM
    Southwest Airlines (LUV +0.9%) reports revenue passenger miles grew 2.3% Y/Y in June despite a reduction in the number of flights flown during the period. The carrier improved its load factor by 60 bps to 85%.
    | Jul. 9, 2013, 9:00 AM | 1 Comment
  • Jul. 5, 2013, 6:53 AM
    Airliners continue to find new ways to raise revenue through in-air services and fees. Ticket prices account for only 70% of revenue, down from 84% in 2000, a mark that could fall even further as carriers (DAL, LCC, JBLU, UAL, AAMRQ.PK, ALGT, LUV, RJET, SAVE) roll out new twists such as "annual subscriptions" and express security screening.
    | Jul. 5, 2013, 6:53 AM | 1 Comment
  • Jul. 2, 2013, 7:34 AM
    Southwest Airlines (LUV) says it will offer fliers free access to 14 live TV channels under a partnership with DirecTV that will see DirecTV sell targeted advertising during the broadcasts. The initiative will set the carrier apart from the strategy of rivals for the moment, but could signal a new revenue channel for the industry through more in-flight advertising.
    | Jul. 2, 2013, 7:34 AM | Comment!
  • Jun. 26, 2013, 7:39 AM
    Morgan Stanley clips the wings of Southwest Airlines (LUV), taking its rating on the carrier down to Underweight from Equal Weight. The firm thinks Southwest might have trouble meeting consensus estimates.
    | Jun. 26, 2013, 7:39 AM | Comment!
  • Jun. 23, 2013, 1:58 AM
    Southwest Airlines (LUV) had to cancel 57 flights on Friday night and Saturday morning after a system-wide computer failure caused the company to ground 250 planes for a number of hours. Still, due to the late-day timing, the problem was relatively minor compared with similar incidents at American Airlines and United Airlines over the past year.
    | Jun. 23, 2013, 1:58 AM | Comment!
  • Jun. 13, 2013, 3:02 PM
    Execs with Southwest Airlines (LUV +0.8%) presented at the Deutsche Bank Global Industrials and Basic Materials Conference where they gave some clues on where they see demand heading. June ticket sales look "good" but later this summer higher taxes and automatic spending cuts could take a toll. Management also noted all strategic initiatives are on track, but most benefits (including AirTran integration) will be second-half events. (webcast)
    | Jun. 13, 2013, 3:02 PM | Comment!
  • Jun. 12, 2013, 10:59 AM
    The airline sector saw a drop in unit revenue during May even with a decent load factor increase of 70 bps to 84.4% during the month. Unit revenue were down for all major carriers - except Delta Air Line (DAL) with a 0.5% gain and JetBlue (JBLU) with a 1% increase. May unit revenue growth scorecard: US Airways (LCC) -1%; United Continental (UAL) 0% to -1%; Allegiant (ALGT) -8.2% to -8.6%; Alaska Airlines (ALK) -3.3%; American Airlines (AAMRQ.PK) -1.8%; Southwest Airlines (LUV) -2%.
    | Jun. 12, 2013, 10:59 AM | 5 Comments
  • Jun. 3, 2013, 9:31 AM
    IATA boosts its 2013 profit forecast for the airline industry to $12.7B from $10.6B previously (and up 67% from 2012) thanks to better traffic and lower-than-expected fuel prices. The industry load factor is expected to hit a record 80.3% this year, 6 points higher than the previous record set in 2006. At the same time the group reminds of wafer-thin profit margins for many passenger airlines and notes air cargo market growth has stagnated.
    | Jun. 3, 2013, 9:31 AM | Comment!
  • May 15, 2013, 12:46 PM
    Southwest Airlines (LUV +2.4%) was busy today at its board meeting, approving a dividend hike to $0.04 per share from a penny per share and increasing its share repurchase allowance to $1.5B from $1.0B. The carrier also revised its aircraft delivery schedule. New 2014 forecast: Five Boeing 737-700 firm orders were converted to 737-800s, five options were exercised for -800 deliveries from Boeing, and five options to buy Boeing Next Generation jets were relinquished.
    | May 15, 2013, 12:46 PM | 1 Comment
  • May 14, 2013, 12:57 PM
    U.S. airlines collected $6B in baggage fees (+3.8% Y/Y) and reservation change fees (+7.3%) last year as the industry's model continues to shift. This year looks like it could bring airliners an even bigger haul with American Airlines (AAMRQ.PK), Delta Airlines (DAL +1.7%), United Continental (UAL +1.2%), and US Airways (LCC +2.4%) all raising their domestic flight fee change 33% higher to $200 while Southwest Airlines (LUV +0.5%) adds some cancellations fees of its own.
    | May 14, 2013, 12:57 PM | 2 Comments
  • May 8, 2013, 2:32 PM
    Behind Delta Air Lines' (DAL +2.8%) new buyback plan and quarterly dividend marks a paradigm shift at the company, according to CEO Richard Anderson. The change in the capital structure of the carrier also includes a reduction of Delta's debt position as it looks "de-risk" the balance sheet on top of the capital allocation. Will the airline industry (UAL, LCC, JBLU, RJET, ALK, HA, LUV, AAMRQ.PK) finally revert to a business model that throws off cash flow and rewards investors?
    | May 8, 2013, 2:32 PM | 1 Comment
  • May 7, 2013, 8:58 AM
    Southwest Airlines (LUV) reports April traffic increased 1.5% Y/Y to 8.7B revenue passenger miles. Due to partially to a lighter load factor, passenger revenue per available seat mile fell an estimated 4% to 5%. The carrier flew 3.8% fewer trips during the month than a year ago.
    | May 7, 2013, 8:58 AM | Comment!
  • Apr. 28, 2013, 2:57 AM
    Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations.
    | Apr. 28, 2013, 2:57 AM | 18 Comments
  • Apr. 26, 2013, 12:27 PM
    The squeaky wheel gets the grease as the U.S. House votes to approve a bill to end the furlough of FAA employees. Those that bought airline stocks (FAA) on Monday when overwrought reports of long delays at U.S. airports rattled the sector made a good call.
    | Apr. 26, 2013, 12:27 PM | 3 Comments
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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