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Southwest Airlines Co. (LUV)

  • Nov. 1, 2012, 9:32 AM
    Flight cancellations start to head back down after both domestic and international carriers saw an ugly week with major airports closed. The consensus opinion analysts seem to be forming is carriers will see Q4 numbers trimmed due to the storm, but any sustained impact on earnings won't be meaningful.
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  • Oct. 31, 2012, 8:04 AM
    Airline stocks appear set to open lower as the number of canceled flights due to Hurricane Sandy is now +18K and counting (live flight tracker). Naturally, carriers with increased exposure to the East Coast could take the biggest hits to Q4 revenue. Premarket: US Airways (LCC) -3.5%, Delta Air Lines -3.6%, JetBlue (JBLU) -3.1%, Southwest Airlines (LUV) -0.8%.
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  • Oct. 30, 2012, 7:37 AM
    The number of flights canceled due to Hurricane Sandy soars past the 14K mark. Philadelphia International and LaGuardia are the two airports with the most cancellations today, while Washington DC-area airports and Boston Logan International are picking up the pace of flights. Combined losses for domestic carriers has been pegged as high as $450M.
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  • Oct. 29, 2012, 2:36 PM
    The number of flights canceled due to Hurricane Sandy soars past 10K with major airports in Washington DC, Philadelphia, and New York nearly crippled for the time being. CNBC reports the storm could cost the industry over $450M even though it struck at a relatively low period for travel. (Live flight tracker)
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  • Oct. 22, 2012, 12:16 PM
    Southwest Airlines (LUV -1%) says it will take over routes from AirTran Airways in four more cities next April as it continues to merge operations between the two carriers. On last week's earnings conference call (transcript), execs highlighted the delicate balance between moving too slowly or too quickly with the Airtran integration.
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  • Oct. 18, 2012, 1:12 PM
    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)
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  • Oct. 18, 2012, 7:55 AM
    Southwest Airlines (LUV) CEO Gary Kelly (video) says the soft patch the carrier hit in summer demand was too tough to overcome, but he strikes a positive tone for Q4 in an interview with CNBC. He reveals unit revenues are up 4% month-to-date and sees oil prices coming off of artificially highs later in the quarter.
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  • Oct. 18, 2012, 6:58 AM
    More on Southwest Airlines (LUV): Cites sluggish demand in September as a factor tipping revenue lower. Operating expenses up 1.9% Y/Y to $4.3B, even with fuel and oil costs dropping 3.7%. Sees Q4 fuel costs averaging $3.45 a gallon, up from $3.16 a gallon in Q3. The carrier maintains it's "encouraged" by October bookings and revenue trend. (PR)
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  • Oct. 18, 2012, 6:50 AM
    Southwest Airlines (LUV): Q3 EPS of $0.13 in-line. Revenue of $4.31B (+0.6% Y/Y) misses by $50M. (PR)
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  • Oct. 18, 2012, 12:05 AM
    Notable earnings before Thursday’s open: BAX, BBT, BSX, BX, CY, DHR, DO, FCS, FITB, GPC, HBAN, KEY, LH, LUV, MS, NOK, NUE, PII, PM, PPG, SVU, TRV, UNP, USG, VZ
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  • Oct. 17, 2012, 5:30 PM
    Notable earnings before Thursday’s open: BAX, BBT, BSX, BX, CY, DHR, DO, FCS, FITB, GPC, HBAN, KEY, LH, LUV, MS, NOK, NUE, PII, PM, PPG, SVU, TRV, UNP, USG, VZ
  • Oct. 16, 2012, 1:01 PM
    Airline industry roundup: 1) Industry watchers see the recent fare hike fired off by Southwest Airlines (LUV +0.8%) sticking with other carriers soon to follow. The higher fares could hit an environment where capacity is already trimmed and oil prices are off highs. 2) Delta Air Lines (DAL -1%) has its own little gig going with a refinery now spitting out jet fuel - an event that has analysts sharpening pencils. Which carrier will follow? 3) US Airways (LCC +1%) still quietly looks for a way to make a merger with American Airlines (AAMRQ.PK) fly before the firm exits bankruptcy so management can get their hands on what would be a powerhouse combined airline.
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  • Oct. 12, 2012, 8:31 AM
    Analysts expect U.S. airlines to show solid profits for Q3 with fuel prices edging lower, but warn that they could hit air pockets in Q4. Softening demand and increasing paralysis for business travel bookings as the fiscal cliff looms could threaten results for the sector. Throttling down: LUV, DAL, UAL, AAMRQ.PK, LCC.
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  • Oct. 10, 2012, 12:31 PM
    United Airlines (UAL -1.2%) fires off a round of price hikes on its domestic flights in the hopes that other major carriers will follow suit. Earlier this week, Southwest Airlines (LUV +0.1%) moved the other direction, launching an off-peak winter sale on select flights. The bigger picture: Lower fuel prices and higher baggage fees have the bottom lines of airline companies moving in the right direction despite sluggish industry demand.
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  • Oct. 9, 2012, 12:45 PM
    Maxim Group takes a swipe at the airline sector, slashing its estimate for Q3 profits to $2B from a previous level seen as coming in closer to $3B. While much of the focus has been the passenger market with its modest increase in demand, the cargo side of the business remains a drag.
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  • Sep. 26, 2012, 8:39 AM
    Airline stocks are on watch today after crude oil dips below $90 and the EU makes noise about loosening up rules on foreign ownership of U.S. carriers. Just to make things really interesting, Insider Monkey tips off that hedge funds are sniffing around the industry looking for opportunities.
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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