Southwest Airlines Co (LUV) |
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Price: $28.0100
$-0.34
-1.199%
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Day's High:
| $28.32
| Week Perf:
| -2.61 %
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Day's Low: |
$ 28.02 |
30 Day Perf: |
-18.12 % |
Volume (M): |
401 |
52 Wk High: |
$ 39.53 |
Volume (M$): |
$ 11,250 |
52 Wk Avg: |
$30.29 |
Open: |
$28.02 |
52 Wk Low: |
$21.91 |
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Market Capitalization (Millions $) |
17,138 |
Shares
Outstanding (Millions) |
612 |
Employees |
55,100 |
Revenues (TTM) (Millions $) |
26,091 |
Net Income (TTM) (Millions $) |
465 |
Cash Flow (TTM) (Millions $) |
-204 |
Capital Exp. (TTM) (Millions $) |
3,672 |
Southwest Airlines Co
Southwest Airlines Co., is a major domestic airline that provides predominantly
shorthaul, high-frequency, point-to-point, low-fare service. Southwest was incorporated
in Texas in 1967 and commenced Customer Service on June'18, 1971 serving three
Texas cities - Dallas, Houston, and San Antonio.
One of Southwest's competitive strengths is its low operating costs. Southwest
has the lowest costs, adjusted for stage length, on a per mile basis, of all
of the major airlines. Among the factors that contribute to its low cost structure
are a single aircraft type, an efficient, high-utilization, point-to-point route
structure, and hardworking, innovative, and highly productive Employees.
Marketing and Competition
Southwest focuses principally on point-to-point, rather than hub-and-spoke,
service in markets with frequent, conveniently timed flights and low fares.
At year-end, Southwest served 337 nonstop city pairs. Southwest's average aircraft
trip stage length in 2003 was 558 miles with an average duration of approximately
1.5 hours. Examples of markets offering frequent daily flights are: Dallas to
Houston, 35'weekday roundtrips; Phoenix to Las Vegas, 19'weekday roundtrips;
and Los Angeles International to Oakland, 22 weekday roundtrips. Southwest complements
these high-frequency shorthaul routes with longhaul nonstop service between
markets such as Baltimore and Los Angeles, Phoenix and Tampa Bay, Seattle and
Nashville, and Houston and Oakland.
Southwest's point-to-point route system, as compared to hub-and-spoke, provides
for more direct nonstop routings for Customers and, therefore, minimizes connections,
delays, and total trip time. Southwest focuses on nonstop, not connecting, traffic.
As a result, approximately 79'percent of the Company's Customers fly nonstop.
In addition, Southwest serves many conveniently located satellite or downtown
airports such as Dallas Love Field, Houston Hobby, Chicago Midway, Baltimore-Washington
International, Burbank, Manchester, Oakland, San Jose, Providence, Ft. Lauderdale/Hollywood
and Long Island Islip airports, which are typically less congested than other
airlines' hub airports and enhance the Company's ability to sustain high Employee
productivity and reliable ontime performance. This operating strategy also permits
the Company to achieve high asset utilization. Aircraft are scheduled to minimize
the amount of time the aircraft are at the gate, currently approximately 25
minutes, thereby reducing the number of aircraft and gate facilities that would
otherwise be required. The Company operates only one aircraft type, the Boeing
737, which simplifies scheduling, maintenance, flight operations, and training
activities. Southwest does not interline or offer joint fares with other airlines,
nor have any commuter feeder relationships.
Southwest employs a relatively simple fare structure, featuring low, unrestricted,
unlimited, everyday coach fares, as well as even lower fares available on a
restricted basis.
Southwest was the first major airline to introduce a Ticketless travel option,
eliminating the need to print and then process a paper ticket altogether, and
the first to offer Ticketless travel through the Company's home page on the
Internet.
Company Address: P.O. Box 36611 Dallas, 75235 TX
Company Phone Number: 792-4000 Stock Exchange / Ticker: NYSE LUV
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Next quarterly dividend pay out on March 21, 2024. |
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Customers recorded net loss |
Customers recorded net loss |
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Stock Performances by Major Competitors |
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Personnel Announcements
Published Fri, Mar 15 2024 8:30 PM UTC
By March 15, 2024 Southwest Airlines, one of the leading low-cost carriers in the United States, has recently announced significant leadership changes, effective immediately. These changes come as a response to the company's declining financial performance in the fourth quarter of 2023, marked by a significant drop in return on average invested assets (ROI).
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Southwest Airlines Co
Southwest Airlines Co (NYSE: LUV) recently released its financial results for the fourth quarter of 2023, revealing a mixed bag of positive and negative outcomes. While the company's revenue increased by an impressive 10.548% to reach $6.82 billion during the October to December period, there was a concerning increase in the deficit per share, which stood at $-0.42. This marked a decline compared to the previous reporting season, where revenue surged by 4.567%, but the income per share fell from $0.31 per share. The net deficit for the financial fourth quarter of 2023 was reported as $-252.000 million, higher than the $-220.000 million recorded in the same period the previous year. Moreover, there was an observable increase in inventories, with the level reaching $807.0 million. This is higher compared to the preceding quarter as well as the corresponding quarter a year ago. On the other hand, accounts receivable declined to $1,154.0 million from the previous quarter, but it remains higher than during the same time a year ago.
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Dividend
Published Wed, Jan 31 2024 5:15 PM UTC
Southwest Airlines Co. (NYSE: LUV), a leader in the aviation industry, has once again demonstrated an unwavering commitment to its shareholders. At the close of business on 31st January 2024, the company?s Board of Directors declared an impressive 180th quarterly cash dividend. This announcement will see shareholders of record receiving a dividend of $.18 per share by M...
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Contract
Published Mon, Jan 22 2024 6:37 PM UTC
Southwest Airlines Co. (NYSE: LUV) announced that its pilots, represented by the Southwest Airlines Pilots Association (SWAPA), have overwhelmingly approved a new collective bargaining agreement. This development comes as a testament to the world-class aviators who uphold Southwest's reputation for excellence in the aviation industry. The approval of the new contract signifi...
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Products & Services
Published Tue, Jan 9 2024 4:00 PM UTC
With the advent of 2024, Southwest Airlines Co. (NYSE: LUV) takes off on a high note, launching one of the biggest week-long promotions, 'Week of WOW.? Poised to offer remarkable savings to customers, the campaign which runs through Jan. 11 with up to a 40% decrease on base fares, hotel deals, car rentals, and vacation packages promises a windfall for netizens.In the fiscal ...
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Per Share |
Current |
Earnings (TTM) |
0.7 $ |
Revenues (TTM) |
42.64 $
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Cash Flow (TTM) |
- |
Cash |
18.75 $
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Book Value |
17.19 $
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Dividend (TTM) |
1.03 $ |
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Per Share |
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Earnings (TTM) |
0.7 $
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Revenues (TTM) |
42.64 $ |
Cash Flow (TTM) |
- |
Cash |
18.75 $
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Book Value |
17.19 $ |
Dividend (TTM) |
1.03 $ |
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Southwest Airlines Co's Operating Statistics
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