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Southwest Airlines Co. (LUV)

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  • Apr. 25, 2013, 6:39 AM
    More on Southwest Airlines' (LUV) Q1: Revenue gains was up despite relatively flat available seat miles as the integration of AirTran integration and the Rapid Rewards loyalty program helped boost results. Fuel and oil expenses fell 3.5% Y/Y. The carrier says it remain cautious about April trends but reports solid bookings for May and June. (PR)
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  • Apr. 25, 2013, 6:25 AM
    Senators from both parties have introduced legislation aimed at easing the airport congestion and flight delays caused by sequestration. One bill would give the Department of Transportation and FAA the ability to move funds between different accounts in order to reduce the furloughs for air-traffic controllers. The leaves of absence have so far been distributed evenly among all controllers, regardless of whether they work at busy or quiet airports.
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  • Apr. 25, 2013, 12:05 AM
    Notable earnings before Thursday’s open: ABC, AIXG, ALK, ALXN, AME, ASPS, AVT, AZN, BC, BG, BIIB, BLL, BMS, BMY, BSX, BWA, CAB, CAM, CCE, CELG, CFX, CL, CMS, CNX, COP, CRR, CSH, D, DAN, DLX, DNKN, DO, DOW, DST, EQT, ESI, ETR, FAF, GPK, GTI, GTLS, HERO, HOG, HP, HSY, IDCC, IMAX, JBLU, KKR, KMT, LEA, LINE, LKQ, LLL, LUV, LVLT, MDP, MJN, MMM, MO, NBL, NLSN, NMM, NYT, O, ODFL, ORI, OXY, PCS, PDS, PH, PHM, POT, PRLB, PTEN, PVR, RCL, RDWR, RRD, RS, RTN, RYN, SCG, SIAL, SUI, SWK, SWY, TASR, TSRA, TWC, UAL, UPS, UTHR, WBC, XOM, YNDX, ZMH
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  • Apr. 24, 2013, 5:30 PM
    Notable earnings before Thursday’s open: ABC, AIXG, ALK, ALXN, AME, ASPS, AVT, AZN, BC, BG, BIIB, BLL, BMS, BMY, BSX, BWA, CAB, CAM, CCE, CELG, CFX, CL, CMS, CNX, COP, CRR, CSH, D, DAN, DLX, DNKN, DO, DOW, DST, EQT, ESI, ETR, FAF, GPK, GTI, GTLS, HERO, HOG, HP, HSY, IDCC, IMAX, JBLU, KKR, KMT, LEA, LINE, LKQ, LLL, LUV, LVLT, MDP, MJN, MMM, MO, NBL, NLSN, NMM, NYT, O, ODFL, ORI, OXY, PCS, PDS, PH, PHM, POT, PRLB, PTEN, PVR, RCL, RDWR, RRD, RS, RTN, RYN, SCG, SIAL, SUI, SWK, SWY, TASR, TSRA, TWC, UAL, UPS, UTHR, WBC, XOM, YNDX, ZMH
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  • Apr. 24, 2013, 1:25 PM
    Airline travel analysts think other carriers will match the $50 increase to $200 in United Continental's (UAL +1.3%) ticket change fee. Part of the rationale behind the change is to increase the incentive for business travelers to buy more expensive tickets with flexibility on ticket changes built in. Keeping up its lone wolf ways, Southwest Airlines (LUV +0.6%) will stick with its policy of no change fees.
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  • Apr. 24, 2013, 6:32 AM
    The airline industry (FAA) doesn't think carriers should be fined by the DOT for tarmac delays due to the reduced number of air traffic controllers working this week following mandated furloughs. Two industry groups have filed a motion asking the DOT to suspend the three-year old tarmac rule.
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  • Apr. 22, 2013, 7:33 AM
    Early indications are that the furlough by the FAA of employees - including air traffic controllers - isn't causing significant delays and flight cancellations. In the background, airline trade groups are keeping up the pressure on the FAA with a new lawsuit aimed at curtailing the furloughs. (flight tracking stats)
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  • Apr. 18, 2013, 3:27 PM
    Southwest Airlines (LUV -1.3%) announces it just began shipping cargo on AirTran Airways under its brand name for the first time. The integration of AirTran opens up the possibility for the carrier to strike new cargo deals.
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  • Apr. 18, 2013, 2:31 PM
    The FAA says it will cut staffing by 10% at airports in Atlanta, Chicago, and Los Angeles this Sunday in one of its first rounds of cuts tied to mandatory budget reductions under the sequester. Though the prospect of fewer air traffic controllers sounds daunting, carriers haven't announced just yet that the development will impact the number of flights flown or revenue booked this quarter.
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  • Apr. 17, 2013, 9:46 AM
    Airliner headache: FAA chief Michael Huerta warns significant flight delays could be seen as air traffic control furloughs begin on April 21. It's unlikely travelers will enjoy the process as busy airports may be forced to close runways and open fewer security screening lines.
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  • Apr. 16, 2013, 9:17 AM
    Airfares came in 0.6% higher during March, according to consumer price data released by the Bureau of Labor Statistics. The year-over-year increase in fares was 3.77%.
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  • Apr. 15, 2013, 2:53 PM
    Southwest Airlines (LUV -1.3%) launched service to five new cities yesterday, marking its busiest days of debuts in its history. While cities such as Charlotte, Rochester, Flint, and Portland, Maine were rather run-of-the-mill additions - a new route to San Juan, Puerto Rico represents the first-ever island destination for the carrier.
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  • Apr. 7, 2013, 2:09 AM
    Southwest Airlines (LUV) CEO Gary Kelly enjoyed a 15% increase in his 2012 compensation to $4.03M, including a basic salary of $675,000, a bonus of $961,000 and stock awards of $2.25M. Last year, the carrier's net profit more than doubled to $421M while it's share price rose 20%. (See CEO compensation)
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  • Apr. 5, 2013, 8:57 AM
    Southwest Airlines (LUV) reports it flew 9.4B revenue passenger miles in March, marking a 4% increase from last year. The carrier's load factor was up 20 bps to 82.0% while key metric passenger revenue per available seat mile was flat compared to a year ago.
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  • Apr. 3, 2013, 12:31 PM
    The latest batch of data from IATA show a 3.7% increase in global airline passenger traffic in February with emerging markets making for ongoing sluggishness in Europe. Over the last four months, passenger demand has grown at a 9% annualized clip. IATA on global carriers: "Airlines are carefully managing capacity expansion, which is keeping the load factor at a record high."
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  • Apr. 2, 2013, 10:50 AM
    Airline stocks (FAA) take a turn lower after Delta Air Lines (DAL -6.7%) issues a disappointing report on March traffic. The carrier blamed the sequester and some temporary tech issues for a loss in late bookings, but investors don't seem to buying the excuses. As the first carrier to report March numbers, what Delta says carries some weight. Decliners: LCC -5.3%, ALK -4.6%, UAL -4.4%, LUV -3.7%, JBLU -3.2%, ALGT -1.7%.
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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