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Southwest Airlines Co. (LUV)

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  • Mar. 30, 2013, 9:51 AM
    Airlines around the world have gone to great lengths in recent years to reduce the weight they carry, with an eye to decreasing fuel requirements and increasing profit. So if weight is such a key concern for airlines' operations, why not charge for overweight passengers as well as overweight baggage? At least one economist thinks it's a great idea.
  • Mar. 24, 2013, 4:58 AM
    Airlines for America, a trade group that represents large carriers, has said that its members don't have any plans to cancel or postpone flights because of the expected closure of 148 air-traffic control towers. The FAA announced the closures on Friday as part of its program to save $627M because of sequestration. The cost cuts will also affect major airports such as Chicago's O'Hare, where controllers will be required to work fewer hours per month.
  • Mar. 20, 2013, 7:32 AM
    The International Air Transport Association increases its forecast for 2013 airline profits to $10.6B from $8.4B due to improved global economic prospects. Passenger demand is seen growing during the year by 5.4%, up from IATA's previous call for a 4.5% rise. Higher jet fuel prices will partially offset revenue gains, according to the agency.
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  • Mar. 18, 2013, 1:55 PM
    Airlines (FAA) would like to implement a new travel industry booking system which will allow consumers to buy add-ons such as upgraded seats or early boarding when they book flights through a travel website or agent. Trade group IATA filed an application with the DOT seeking an upgrade and to move forward on replacing the antiquated system.
  • Mar. 11, 2013, 10:16 AM
    Morgan Stanley advises taking profits on airline stocks (FAA) after the impressive rally in the group with oil prices falling and fares holding. The sector is seeing a bit of a pullback today with United Continental (UAL -2.7%) and Delta Air Lines (DAL -1%) faltering the most, but performance is still strong for the year.
  • Mar. 5, 2013, 2:27 PM
    IATA says passenger air travel rose 2.7% Y/Y in January, a mark which is higher the 2.2% gain in capacity. The agency says a calendar effect may have influenced the total with travel linked to the Chinese New Year falling in the period last year to boost results. International air travel was up 3.7% and domestic air travel rose 1.1% compared to last year.
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  • Feb. 25, 2013, 10:23 AM
    JPMorgan analyst Jamie Baker thinks a recent hike in fares in the airline sector is holding up after two previous attempts earlier this year failed. Airline stocks (FAA +1.5%) are higher on the day with Delta Air Lines (DAL +3.3%) and United Continental (UAL +2.1%) leading the pack.
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  • Feb. 22, 2013, 10:26 AM
    Airlines are feeling the effect of a large winter storm that swept across the middle part of the country. Over a thousand flights were cancelled yesterday and another 613 flights today are grounded. United (UAL +0.7%), Southwest (LUV +0.5%), and SkyWest (SKYW) appear to be the carriers affected the most. The storm isn't quite done yet, with the Northeast set to get hit this weekend to pose another threat to the schedules of airlines.
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  • Feb. 15, 2013, 12:13 PM
    Hedgeye issues some negative comments on the airline sector (AAMRQ.PK, LCC, UAL, DAL, LUV, HA, JBLU, ALK, RJET, ALGT, SAVE): 1) The firm notes that with the merger of U.S. Airways and American Airlines now set, a big catalyst is removed and the path toward actual integration and synergies is still slow. 2) Even if industry consolidation supports a higher fare environment, new low-cost carriers will pop up. 3) Is bigger really better? Several transportation industries have struggled after consolidation instead of thrived.
  • Jan. 31, 2013, 3:10 PM
    Southwest Airlines Co. (LUV) declares $0.01/share quarterly dividend, in line with previous. Forward yield 0.36%. For shareholders of record Mar. 07. Payable Mar. 28. Ex-div date Mar. 05. (PR)
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  • Jan. 24, 2013, 8:45 AM
    Southwest Airlines (LUV) CEO Gary Kelly gives up a little ground on baggage fees in an interview with CNBC. While seemingly boxed into a corner due to its well-known "Bags Fly Free" advertising campaign, the exec says "never say never" when asked about the fee issue. (Previous: LUV earnings)
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  • Jan. 24, 2013, 7:00 AM
    More on Southwest Airlines' (LUV) Q4: Passenger revenue up 1.9% Y/Y to $3.939B. Average passenger fare jumped 5.4% to $148.02, while available seat miles and load factor both fell during the period. Fuel costs for the quarter fell a penny to $3.28 compared to a year ago. The carrier says early 2013 booking trends are positive. (PR)
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  • Jan. 24, 2013, 6:50 AM
    Southwest Airlines (LUV): Q4 EPS of $0.09 beats by $0.01. Revenue of $4.2B misses by $0.02B. (PR)
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  • Jan. 24, 2013, 12:05 AM
    Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX
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  • Jan. 23, 2013, 5:30 PM
    Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX
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  • Jan. 22, 2013, 11:54 AM
    Airlines get a boost as David Tepper (earlier) argues "the equity is cheap to everything," and the industry has the tailwinds of a strong dollar and "flat" oil prices. DAL +3.5%, UAL +1.2%, LCC +2.8%, LUV +2.2%, SAVE +3%.
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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