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Southwest Airlines Co. (LUV)

  • 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.
  • 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. 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%.
  • 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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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