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Southwest Airlines Co (LUV.N)

LUV.N on New York Stock Exchange

66.07USD
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Southwest Airlines Flew 10.7 Bln Revenue Passenger Miles In Dec. 2017, An Increase Of 2.6 Pct YoY
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES REPORTS DECEMBER TRAFFIC.- COMPANY FLEW 10.7 BILLION REVENUE PASSENGER MILES (RPMS) IN DECEMBER 2017, AN INCREASE OF 2.6 PERCENT FROM 10.4 BILLION RPMS FLOWN IN DECEMBER 2016.DECEMBER LOAD FACTOR 83.3 PERCENT.- ‍ COMPANY CONTINUES TO ESTIMATE ITS Q4 2017 OPERATING REVENUE PER ASM (RASM) WILL INCREASE IN ONE TO TWO PERCENT RANGE​.- AVAILABLE SEAT MILES (ASMS) INCREASED 1.8 PERCENT TO 12.9 BILLION IN DECEMBER 2017, COMPARED WITH DECEMBER 2016 ASMS OF 12.6 BILLION.SOUTHWEST AIRLINES REPORTS DECEMBER TRAFFIC.  Full Article

Southwest Airlines Expects To Record About $105 Mln In Expenses During Q4 2017
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES CO - EXPECTS TO RECORD ABOUT $105 MILLION IN EXPENSES DURING Q4 2017 RELATED TO TAX REFORM LEGISLATION, SOME OTHER Q4 2017 ITEMS.SOUTHWEST AIRLINES CO - ‍EXPECTS TO RECORD REDUCTION TO INCOME TAX EXPENSE IN Q4 2017 IN RANGE OF $1 BILLION TO $1.5 BILLION DUE TO TAX REFORM LEGISLATION​.SOUTHWEST AIRLINES CO - ABOUT 3.5 POINTS ADDED TO GUIDANCE FOR Q4 2017 Y-O-Y TREND IN OPERATING EXPENSES PER AVAILABLE SEAT MILE, EXCLUDING ITEMS.SOUTHWEST AIRLINES SAYS NOW EXPECTS Q4 2017 ECONOMIC FUEL COSTS TO BE IN $2.10 TO $2.15 PER GALLON RANGE, INCLUDING TAXES - SEC FILING.SOUTHWEST AIRLINES CO - ‍FOR 2019 THROUGH 2022, CO'S CAPITAL COMMITMENTS ASSOCIATED WITH FIRM ORDERS ARE EXPECTED TO BE ABOUT $1 BILLION PER YEAR.SOUTHWEST AIRLINES - CAPITAL COMMITMENTS ASSOCIATED WITH FIRM ORDERS FOR 2018 ARE NOW EXPECTED TO BE LESS THAN $1 BILLION.SOUTHWEST AIRLINES - ACCELERATED 23 BOEING 737 MAX 8 FIRM ORDERS FROM 2023 THROUGH 2024 TO ADDITIONAL 21 FIRM ORDERS IN 2021 AND 2 FIRM ORDERS IN 2022.  Full Article

Southwest Airlines Says All Full-time, Part-Time Southwest Employees Will Receive A $1,000 Cash Bonus On Jan 8
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES - BOARD AUTHORIZED A BONUS TO ALL SOUTHWEST AIRLINES EMPLOYEES TO "CELEBRATE RECENT PASSAGE OF TAX REFORM LEGISLATION".SOUTHWEST AIRLINES - ALL FULLTIME & PARTTIME SOUTHWEST EMPLOYEES EMPLOYED WITH SOUTHWEST ON DEC 31, 2017, WILL RECEIVE A $1,000 CASH BONUS ON JAN 8.SOUTHWEST AIRLINES CO - COMPANY'S 2018 AVAILABLE SEAT MILE GROWTH PLANS REMAIN UNCHANGED.SOUTHWEST - EXERCISED 40 BOEING 737 MAX 8 OPTIONS FOR 15 FIRM ORDERS IN 2019 AND 25 FIRM ORDERS IN 2020.SOUTHWEST - DEFERRED 23 BOEING 737 MAX 7 FIRM ORDERS FROM 2019 THROUGH 2021 TO 12 FIRM ORDERS IN 2023 AND 11 FIRM ORDERS IN 2024.SOUTHWEST AIRLINES CO SAYS IS INCREASING ITS FLEET INVESTMENT WITH BOEING.  Full Article

Southwest Airlines Reports November Traffic
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES REPORTS NOVEMBER TRAFFIC.SOUTHWEST AIRLINES CO - NOVEMBER 2017 LOAD FACTOR FOR MONTH OF NOVEMBER WAS 85.8 PERCENT, COMPARED WITH 85.1 PERCENT IN NOVEMBER 2016.SOUTHWEST AIRLINES CO- 10.8 BILLION REVENUE PASSENGER MILES (RPMS) IN NOVEMBER 2017, AN INCREASE OF 3.4 PERCENT.SOUTHWEST AIRLINES CO - ASMS INCREASED 2.5 PERCENT TO 12.6 BILLION IN NOVEMBER 2017, COMPARED WITH NOVEMBER 2016 ASMS OF 12.3 BILLION.SOUTHWEST AIRLINES CO - SEES Q4 2017 OPERATING REVENUE PER ASM TO INCREASE IN ONE TO TWO PERCENT RANGE.  Full Article

Southwest Airlines facilities maintenance technicians vote to ratify agreement
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Southwest Airlines Co :Southwest Airlines facilities maintenance technicians vote to ratify agreement.Southwest Airlines Co - ‍New five-year contract includes a complete set of work rules, wage scale, ratification bonus, and job protections​.  Full Article

Southwest Airlines reports october traffic
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Southwest Airlines Co :Southwest Airlines reports october traffic.Southwest Airlines Co - ‍company flew 10.7 billion revenue passenger miles (RPMS) in October 2017, an increase of 1.9 percent​.Southwest Airlines Co - ‍available seat miles (ASMS) increased 1.7 percent to 12.4 billion in October 2017, compared with october 2016 ASMS of 12.2 billion​.Southwest Airlines Co - ‍October 2017 load factor was 85.8 percent, compared with 85.7 percent in October 2016​.Southwest Airlines Co - ‍continues to expect its Q4 2017 operating revenue per asm (RASM) to increase in range of up slightly to 1.5 percent​.  Full Article

Southwest Airlines says Q4 yield environment appears to be improved
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Southwest Airlines Co ::Yield environment for Q4 appears to be improved compared to‍​ Q3 - CEO on conf call.Sees positive unit revenue growth for 2018 compared to 2017 - CEO on conf call.Expect freight revenue and other revenues to increase year-over-year in Q4 - conf call.Southwest Airlines - expects 2018 costs per available seat mile, excluding fuel, profit sharing and special items, to be flat versus previous expectation of lower costs.  Full Article

Southwest reports third quarter profit
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Southwest Airlines Co :Southwest reports third quarter profit.Q3 earnings per share $0.88 excluding items.Q3 earnings per share $0.84.Q3 revenue $5.3 billion versus I/B/E/S view $5.31 billion.Q3 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.Southwest Airlines Co - qtrly load factor ‍84.8​ percent versus 85.3 percent last year.Southwest Airlines Co qtrly revenue passenger miles of 33.13 ‍​billion versus 32.32 billion last year.Southwest Airlines Co - qtrly total operating revenues $5,271​ million versus. $5,139 million last year.Southwest Airlines Co - ‍as a result of hurricanes Harvey and Irma and earthquakes, canceled 5,000 flights reducing revenue by about $100 million in Q3.Southwest Airlines Co qtrly available seat miles of ‍​ 39.05 billion versus 37.88 billion last year.Southwest Airlines Co - ‍company expects Q4 2017 RASM to increase in range of up slightly to up 1.5 percent, as compared with Q4 2016​.Southwest Airlines - sees Q4 unit costs, excluding fuel & oil expense, special items, profitsharing expense, to be in range of flat to up 1.5 percent, Y-o-Y​.Southwest Airlines - ‍continues to expect benefits from new reservation system to produce improvements in pre-tax results of about $200 million in 2018​.Southwest Airlines Co - ‍company currently expects its Q4 2017 available seat miles to increase in one to two percent range​.  Full Article

Southwest Airlines announces intention to serve Hawaii
Thursday, 12 Oct 2017 

Oct 11 (Reuters) - Southwest Airlines Co ::Southwest Airlines announces intention to serve Hawaii.Southwest Airlines - ‍intention to launch application process for Federal Aviation Administration authorization for extended operations for Hawaii ​.  Full Article

Southwest begins Boeing 737 Max 8 service
Sunday, 1 Oct 2017 

Oct 1 (Reuters) - Southwest Airlines Co :Southwest says launched 9 Max 8 into service today; expects to end 2017 with 14, has 200 firm orders for a combination of Max 7 and Max 8.  Full Article

BRIEF-Southwest Airlines Flew 10.7 Bln Revenue Passenger Miles In Dec. 2017, An Increase Of 2.6 Pct YoY

* - COMPANY FLEW 10.7 BILLION REVENUE PASSENGER MILES (RPMS) IN DECEMBER 2017, AN INCREASE OF 2.6 PERCENT FROM 10.4 BILLION RPMS FLOWN IN DECEMBER 2016