$LUV (Southwest Airlines Co.)

$LUV {{ '2016-06-02T11:37:53+0000' | timeago}} • Announcement

$LUV said it filed application with U.S. Department of Transportation (DOT) to extend low fare reach into Mexico markets with new international service from Los Angeles International Airport (LAX). $LUV is proposing new service: twice-daily flights to Cancun and San Jose del Cabo/Los Cabos, and once daily service to Puerto Vallarta to begin Nov. 6.

$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

$LUV {{ '2017-04-27T11:26:41+0000' | timeago}} • Announcement

Based on current bookings and yield trends, $LUV expects positive year-over-year operating unit revenues (RASM) in 2Q17. Southwest Airlines expects cost inflation to ease substantially by 4Q17 due to tailwinds associated with the retirement of its Boeing 737-300 (Classic) fleet by 3Q17 end.

$LUV {{ '2017-04-27T11:22:46+0000' | timeago}} • Announcement

For 1Q17, $LUV's revenue passengers carried were up 3.3% to 29.5MM. Load factor went down 0.3 points to 79.9%. Revenue passenger miles rose 3.3% to 29.34Bil. Average passenger fare fell 2.6% to $149.78. At quarter end, Southwest Airlines had 727 aircraft, up 1.8%.

$LUV {{ '2017-04-27T11:17:05+0000' | timeago}} • Announcement

In 1Q17, $LUV recorded a 12.6% rise in expenses related to salaries, wages, and benefits of $1.73Bil, and another 8.2% increase in fuel and oil costs of $922MM. As of March 31, 2017, the Southwest Airlines had $3.5Bil in cash and short-term investments, and a fully available unsecured revolving credit line of $1Bil.

$LUV {{ '2017-04-27T11:16:47+0000' | timeago}} • Announcement

$LUV's operating revenue inched 1.2% to $4.88Bil in 1Q17, as it posted a 31.6% drop in net income of $351MM from last year's $513MM. Earnings slid 27.8% to $0.57 per diluted share, as Southwest Airlines recorded an 8.8% increase in total operating expenses of $4.23Bil for the quarter.

$LUV {{ '2017-03-28T19:38:36+0000' | timeago}} • Announcement

$LUV announced a slew of leadership promotions. Ryan Green was promoted to CMO and Bill Tierney was appointed MD, Marketing.  Erika Linford was named VP, Corporate Delivery and Chris Monroe was promoted to SVP, Finance.

$LUV {{ '2017-03-06T12:17:42+0000' | timeago}} • Announcement

$LUV reached an agreement in principle with labor union International Brotherhood of Teamsters (IBT) on the terms of a new contract for the company's material specialists. Details of the agreement were not released. Southwest said its negotiating team will meet IBT representatives in the coming days to finalize the contractual language.

$JCP {{ '2017-03-03T10:51:05+0000' | timeago}} • Announcement

$JCP has announced the election of Debora Plunkett, former senior advisor to the director of the U.S. National Security Agency (NSA), to its BoD. The company also announced that Colleen Barrett, President Emeritus of $LUV, will retire from the Board on May 19, 2017.

$LUV {{ '2017-02-09T16:30:57+0000' | timeago}} • Announcement

$LUV said it will share $586MM through its ProfitSharing Plan with its Employees for 2016, equaling about 13.2% of each eligible Employee's eligible compensation, or the equivalent of 6 weeks' pay. $LUV also invested about $746MM in its Employees' other benefits during 2016, including healthcare coverage and other welfare and wellness programs.

$LUV {{ '2017-02-02T19:01:27+0000' | timeago}} • Announcement

$LUV's BoD declared a quarterly dividend of $0.10 per share. The dividend is payable on March 30, 2017 to shareholders of record on March 9, 2017.

$LUV {{ '2017-01-26T18:22:49+0000' | timeago}} • Webcast

$LUV is expecting positive outcomes from the new administration in terms of tax reforms and regulatory reforms. The company is unsure how the investments in infrastructure will affect it but the primary objective is to modernize the air traffic control system which $LUV believes will be a huge benefit to the aviation industry.

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