$LUV (Southwest Airlines Co.)

$LUV {{ '2017-07-27T15:19:59+0000' | timeago}} • Announcement

World's largest low-cost carrier $LUV's 2Q17 earnings plunged 9%, hit by higher wages and operating expenses. Net income plunged to $746MM or $1.23 per share from the year ago earnings of $820MM or $1.28 per share. Conversely, revenue surged 7% to $5.7Bil. On an adjusted basis, earnings spiked 4% to $1.24 per share.

$LUV {{ '2017-10-12T17:18:50+0000' | timeago}} • Announcement

$LUV shared plans to begin selling tickets in 2018 for service to Hawaii and also announced its intention to launch an application process for Federal Aviation Administration authorization for Extended Operations (ETOPS). Service details are to be announced at a later date.

$LUV {{ '2017-10-06T13:15:14+0000' | timeago}} • Announcement

$LUV posted a 2.5% decline in Revenue passengers carried for Sep to 9.89MM. Load factor fell 2.5 points to 81.7%, while trips flown slipped 1.1% to 104,379 for the month.

$LUV {{ '2017-09-29T16:42:39+0000' | timeago}} • Announcement

$LUV announced the promotion of Linda Rutherford to SVP, Chief Communications Officer. With the promotion, Rutherford will report to EVP, Corporate Services Bob Jordan, while continuing to work directly with Chairman and CEO Gary Kelly on communication efforts and culture activities.

$LUV {{ '2017-08-30T17:32:52+0000' | timeago}} • Announcement

$LUV extended its legacy of aircraft innovation by taking delivery of the airline's first $BA 737 MAX 8. $LUV expects to take delivery of 8 more MAX aircraft in the coming weeks with the plan to launch 9 MAX aircraft into revenue service throughout its network on Oct. 1.

$LUV {{ '2017-08-28T10:51:58+0000' | timeago}} • Announcement

Aviation company $LUV has promoted Ryan Martinez to the post of Managing Director, Investor Relations, effective September 11. Martinez has held various leadership roles in the Finance Department of Southwest, after joining the company in 2006. He will be succeeding Marcy Brand, who has chosen to assume a different post in the Finance Department.

$LUV {{ '2017-08-03T19:18:50+0000' | timeago}} • Announcement

$LUV declared a quarterly dividend of $0.125 per share to shareholders as on Aug 24, 2017. The dividend will be paid on Sept 14, 2017.

$LUV {{ '2017-07-27T15:42:30+0000' | timeago}} • Announcement

$LUV expects its 3Q17 available seat miles (ASMs) to increase in the 4-5% range and 4Q17 ASMs to increase in the 1-2% range YoY. $LUV currently estimates YoY ASM growth to be less than 4% in 1H18, and FY18 ASM growth to be less than its 2016 YoY ASM growth of 5.7%.

$LUV {{ '2017-07-27T15:36:07+0000' | timeago}} • Announcement

$LUV's 2Q17 operating expenses spiked 9.4% YoY to $4.5Bil, or 4.1% on a unit basis. Additionally, during the quarter, the company recorded lease termination costs of $8MM resulting from the acquisition of two of its Boeing 737-300 Classic aircraft previously under operating leases. For 3Q17, $LUV expects unit costs to be up in the 2-3% range YoY.

$LUV {{ '2017-07-27T15:19:59+0000' | timeago}} • Announcement

World's largest low-cost carrier $LUV's 2Q17 earnings plunged 9%, hit by higher wages and operating expenses. Net income plunged to $746MM or $1.23 per share from the year ago earnings of $820MM or $1.28 per share. Conversely, revenue surged 7% to $5.7Bil. On an adjusted basis, earnings spiked 4% to $1.24 per share.

$LUV {{ '2017-07-27T13:46:36+0000' | timeago}} • Infographic

$LUV Southwest Airlines Co. Earnings AlphaGraphic: Q2 2017 Highlights

$LUV {{ '2017-06-28T16:01:26+0000' | timeago}} • Announcement

$LUV said it will concentrate its future service to Cuba in Havana (HAV) and will cease operations in both Varadero (VRA) and Santa Clara (SNU) at the end of Sept. 4, 2017. $LUV currently serves Havana twice daily nonstop from Ft. Lauderdale-Hollywood International Airport (FLL) and once daily nonstop from Tampa International Airport (TPA).

$LUV {{ '2017-06-22T14:22:14+0000' | timeago}} • Announcement

$LUV announced the addition of a new nonstop route connecting Tampa, Fla. with San Diego beginning Jan. 8, 2018. Flights between Tampa, Fla. and San Diego are being offered for as low as $99 one way.

$LUV {{ '2017-05-26T10:43:07+0000' | timeago}} • Announcement

$LUV announced that Steve Langhart has been promoted to Director of Cargo Sales. Langhart will be responsible for leading the Cargo Sales team, including field, national and inside sales along with all business development efforts.

$LUV {{ '2017-05-23T12:20:53+0000' | timeago}} • Announcement

$LUV said Andrew Watterson, currently SVP & Chief Revenue Officer, will be promoted effective July 1 to EVP & Chief Revenue Officer. Watterson and his Teams, as well as VP & Chief Marketing Officer Ryan Green and the Marketing Department will report to $LUV President Tom Nealon.

$LUV {{ '2017-05-23T12:18:50+0000' | timeago}} • Announcement

$LUV said EVP of Corporate Services Jeff Lamb has decided to leave the company to assume a Leadership position at Highland Homes, where he currently serves on their BoD. Lamb's last day at $LUV will be June 30. Bob Jordan, currently EVP & Chief Commercial Officer, will assume the role of EVP of Corporate Services effective July 1.

$LUV {{ '2017-05-17T20:38:12+0000' | timeago}} • Announcement

$LUV's BoD lifted its quarterly dividend by 25% and authorized a new $2Bil share repurchase program. The quarterly dividend will increase to $0.125 per share from $0.10 per share, payable on June 28, 2017 to shareholders of record on June 7, 2017.

$LUV {{ '2017-04-27T18:48:03+0000' | timeago}} • Webcast

In terms of the overbooking issue, $LUV said that it doesn't overbook much already. The company added that it will end the practice of overbooking during 2Q17, which will have a little bit of a revenue impact.

$LUV {{ '2017-04-27T18:29:57+0000' | timeago}} • Webcast

$LUV said that it is already seeing increased delays this year being imposed by the F.A.A. because of staffing shortages. The company added that on time performance of the industry is good now because of the adjustment of flight times to be longer, anticipating increasing inefficiencies.

$LUV {{ '2017-04-27T17:57:00+0000' | timeago}} • Webcast

$LUV said that 1-2 point cost pressure experienced in 1Q17 was related to its reservation system. Moving into 4Q17, the company will see savings associated with the retirement of classic fleet, which will reflect in the lower depreciation and maintenance costs.

$LUV {{ '2017-04-27T12:04:22+0000' | timeago}} • Infographic

$LUV Southwest Airlines Co. Earnings AlphaGraphics: Q1 2017 highlights

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