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Southwest Airlines Co. (LUV)

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  • 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
  • Apr. 26, 2013, 4:25 AM
    Moving at lightening speed and foregoing debate, the Senate last night unanimously voted to approve a bill that allows the Department of Transportation to use unspent funds to cover the costs of air traffic controllers and end the furloughs that were prompted by sequestration and have caused widespread flight delays. The House could take up the legislation today and is expected to approve it.
    | Apr. 26, 2013, 4:25 AM | 5 Comments
  • Apr. 25, 2013, 7:06 AM
    Southwest Air (LUV): Q1 EPS of $0.07 beats by $0.04. Revenue of $4.08B (+2.3% Y/Y) in-line. (PR)
    | Apr. 25, 2013, 7:06 AM | 1 Comment
  • 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)
    | Apr. 25, 2013, 6:39 AM | Comment!
  • 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.
    | Apr. 25, 2013, 6:25 AM | 5 Comments
  • 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
    | Apr. 25, 2013, 12:05 AM | Comment!
  • 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
    | Apr. 24, 2013, 5:30 PM | Comment!
  • 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.
    | Apr. 24, 2013, 1:25 PM | 1 Comment
  • 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.
    | Apr. 24, 2013, 6:32 AM | 7 Comments
  • 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)
    | Apr. 22, 2013, 7:33 AM | 1 Comment
  • 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.
    | Apr. 18, 2013, 3:27 PM | Comment!
  • 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.
    | Apr. 18, 2013, 2:31 PM | 9 Comments
  • 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.
    | Apr. 17, 2013, 9:46 AM | 13 Comments
  • 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%.
    | Apr. 16, 2013, 9:17 AM | 1 Comment
  • 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.
    | Apr. 15, 2013, 2:53 PM | 1 Comment
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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