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Southwest Airlines Co   (LUV)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation
 
Price: $34.1100 $0.15 0.442%
Day's High: $34.4 Week Perf: -1.19 %
Day's Low: $ 33.43 30 Day Perf: 13.02 %
Volume (M): 6,116 52 Wk High: $ 39.53
Volume (M$): $ 208,607 52 Wk Avg: $30.31
Open: $33.92 52 Wk Low: $21.91



 Market Capitalization (Millions $) 20,870
 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
    Next quarterly dividend pay out on March 21, 2024.


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AAL   -4.7%    
DAL   -0.98%    
HA        0.57% 
JBLU        3.37% 
LTM        3.37% 
SAVE   -9.29%    
• View Complete Report
   



Southwest Airlines Co

Mixed Financial Results for Southwest Airlines Co in Q4 2023: Revenue Soars but Deficit per Share Increases

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.

Dividend

A Constant LUV Story: Southwest Airlines' Unwavering Commitment to Shareholders as Inscribed in its 180th Quarterly Dividend Declaration.

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...

Contract

Southwest Airlines Pilots Approve New Contract, While Corporate Clients Experience Mixed Performance

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...

Products & Services

Southwest Airlines? 'Week of WOW' Sale: A High-Flying Boost to Revenue Amid Challenging Trends

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 ...

Southwest Airlines Co

Southwest Airlines Reports Solid Top-Line Growth, but EPS takes a Dip

Financial News Report: Southwest Airlines Co Reports Declining EPS Despite Increasing Revenue
Southwest Airlines Co (LUV) has recently reported declining earnings per share (EPS) on increasing revenue for the financial period ending September 30, 2023. Despite revenue growth of 4.904% to $6.53 billion, compared to $6.22 billion in the previous year, earnings per share dropped by -29.55% to $0.31 per share. In the corresponding period a year ago, the company reported an income per share of $0.44. It is worth noting that LUV's business surge was lower than the remainder of the airline industry, which saw a growth of 6.79% from the corresponding reporting period a year ago.
In the prior reporting period, Southwest Airlines Co achieved revenue of $7.04 billion and a bottom line of $1.08 per share. However, the net income for the financial third quarter of 2023 declined by -30.32% from $277.000 million to $193.000 million compared to the corresponding period a year before.
Southwest Airlines Co focused on improving sales in the financial third quarter of 2023, resulting in a decreased net margin of 2.96%. The company also experienced a noticeable buildup in inventories, with the level of inventories and supplies reaching $799.0 million. This is higher than both the preceding quarter and the corresponding quarter a year ago.






 

Southwest Airlines Co's Segments
 
Passenger
 Segment     of total Revenue
Freight
 Segment     of total Revenue
Other Revenues
 Segment     of total Revenue
 
• View Complete Report

Southwest Airlines Co's Operating Statistics Decrease / Increase
       
Revenue passengers carried (thousands)    Revenue passengers carried (thousands) Growth   
Revenue passenger miles (millions)    Revenue passenger miles (millions) Growth   
Available seat miles (millions)    Available seat miles (millions) Growth   
Load factor %    Load factor % Growth   
Average length of passenger haul (miles)    Average length of passenger haul (miles) Growth   
Trips flown (thousands)    Trips flown (thousands) Growth   
Average passenger fare ($)   Average passenger fare ($) Decline   
Passenger revenue yield per RPM (cents)   Passenger revenue yield per RPM (cents) Decline   
Operating revenue yield per ASM (cents)   Operating revenue yield per ASM (cents) Decline   
Operating expenses per ASM (cents)   Operating expenses per ASM (cents) Decline   
Operating income per ASM (cents)   Operating income per ASM (cents) Decline   
Size of fleet at period-end    Size of fleet at period-end Growth   




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