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Southwest Airlines Co. (LUV)

  • 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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  • Sep. 26, 2012, 8:07 AM
    The EU will apply more pressure to counterparts in Washington to set in motion a plan to relax foreign ownership rules on airlines in the U.S. and Europe. Estonia's Siim Kallas is the driving force behind the proposed overhaul which seeks to cut into the advantage that Asian carriers are deemed to hold.
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  • Sep. 25, 2012, 11:47 AM
    The improved margins U.S. airlines showed in Q2 is partially attributable to the higher fees the industry now charges. For the quarter, it raked in $931B in baggage fees and another $661M from reservation fee changes. Southwest Airlines (LUV +0.1%), of Bags-Fly-Free fame, showed the most rapid pace of baggage revenue growth during the quarter of major carriers.
  • Sep. 19, 2012, 1:57 PM
    The rapid-fire drop in oil futures has the shares of airline companies racing higher on margins optimism with a fresh round of fare increases sitting securely in their back pocket. As is often the case with fare hikes, Southwest Airlines stuck its toe in the water before the rest of the sector jumped in. Advancers: UAL +8.6%, LUV +1.9%, JBLU +4.2%, HA +3.3%, SAVE +6.5%, ALGT +3.5%, DAL +4.7%.
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  • Sep. 13, 2012, 12:59 PM
    Airline carriers raised fares this week after perpetual leadoff hitter Southwest Airlines (LUV -1%) initiated a $10 hike per round trip. Analysts say this price increase could stick with consumer spending picking up in the U.S.
  • Sep. 7, 2012, 8:53 AM
    Southwest Airlines (LUV) reports air traffic for August with the carrier improving its load factor on flat revenue passenger miles. Key metric, passenger revenue per ASM, is estimated to have improved by 2%-3% during the month. Shares of LUV +1.6% premarket.
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  • Sep. 4, 2012, 10:01 AM
    Airline stocks open weak with a new report from an industry group highlighting that profit margins on major carriers fell to -1.5% for the first half of the year, compared to -0.4% a year ago. The problem in a nutshell is that expenses in the sector keep outrunning modest revenue gains. Decliners: LCC -3.2%, UAL -1.8%, DAL -1.7%, LUV -1.5%.
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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