• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SOUTHWEST AIRLINES ADOPTS LIMITED-DURATION SHAREHOLDER RIGHTS PLAN

    7/3/24 6:45:00 AM ET
    $LUV
    Air Freight/Delivery Services
    Consumer Discretionary
    Get the next $LUV alert in real time by email

    Board Acts in Response to a Significant Accumulation by Elliott Investment Management

    Protects Value of All Shareholders' Investments in Southwest Airlines

    DALLAS, July 3, 2024 /PRNewswire/ -- The Southwest Airlines Co. (NYSE:LUV) Board of Directors today announced that it has approved the adoption of a limited-duration Shareholder rights plan ("Rights Plan"). The Rights Plan is effective immediately and will expire in one year. Any extension would be subject to prior approval by the Company's Shareholders.

    The Board, in consultation with its advisors, adopted the Rights Plan in response to the public announcement by Elliott Investment Management L.P. (together with its affiliates, "Elliott") that it had accumulated a significant economic interest in Southwest Airlines common stock. In adopting the Rights Plan, the Board considered, among other things, that Elliott:

    • Announced that it had built an approximately 11% economic interest in Southwest Airlines;
    • Has not reported its full purported position in Southwest Airlines on any filings with the U.S. Securities and Exchange Commission (the "SEC"); and
    • Has made regulatory filings with U.S. antitrust authorities that would provide it the flexibility to acquire a significantly greater percentage of Southwest Airlines' voting power across two of its funds starting as early as July 11, 2024.

    Gary Kelly, Executive Chairman of the Board, said, "In light of the potential for Elliott to significantly increase its position in Southwest Airlines, the Board determined that adopting the Rights Plan is prudent to fulfill its fiduciary duties to all Shareholders. Southwest Airlines has made a good faith effort to engage constructively with Elliott Investment Management since its initial investment and remains open to any ideas for lasting value creation. Our Board and management team remain focused on restoring our industry-leading financial performance and building a sustainable and profitable future for the airline and its Shareholders. We are confident that we have the right strategy, the right plan, and the right team in place to succeed."

    About the Rights Plan

    The Rights Plan is similar to plans adopted by other publicly traded companies. It applies equally to all current and future Shareholders and is not intended to deter offers or preclude the Board from considering offers that are fair and otherwise in the best interests of the Company's Shareholders. The Rights Plan is designed to deter the acquisition of actual, de facto or negative control of Southwest Airlines by any person or group without appropriately compensating its Shareholders for that control.

    Pursuant to the Rights Plan, the Company is issuing one right for each share of common stock. The rights will initially trade with Southwest Airlines common stock and will generally become exercisable only if any person or group acquires 12.5% or more of the Company's outstanding common stock (the "triggering percentage"). The Rights Plan does not aggregate the ownership of Shareholders "acting in concert" unless they have formed a group under applicable securities laws and does not limit any Shareholder's ability to conduct or otherwise support a solicitation in connection with a meeting of Shareholders. If the rights become exercisable, all holders of rights (other than the person or group triggering the Rights Plan, whose rights would become void) will be entitled to acquire shares of common stock at a 50% discount to the then-current market price or the Company may exchange each right held by such holders for one share of common stock.

    Under the Rights Plan, any Shareholder that currently owns more than the triggering percentage may continue to own its shares of common stock, but the rights will become exercisable if such Shareholder subsequently increases its ownership by one or more shares. The Rights Plan does not contain any dead-hand, slow-hand, no-hand or similar feature that limits the ability of a future board of directors to redeem the rights.

    Further details about the Rights Plan are contained in a Form 8-K filed today by the Company with the Securities and Exchange Commission.

    Bank of America Securities, Inc. and Morgan Stanley & Co. LLC are acting as financial advisors to Southwest Airlines and Vinson & Elkins L.L.P. and Kirkland & Ellis LLP are acting as legal advisors. 

    Cautionary Statement Regarding Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to (i) the Company's focus areas, including with respect to restoring its industry-leading financial performance and building a sustainable and profitable future for the airline and its Shareholders; and (ii) the Company's expectations regarding its opportunities, strategies, initiatives, financial performance, and outlook, including with respect to having the right strategy, the right plan, and the right team in place to succeed. These forward-looking statements are based on the Company's current estimates, intentions, beliefs, expectations, goals, strategies, and projections for the future and are not guarantees of future performance. Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) the impact of fears or actual outbreaks of diseases, extreme or severe weather and natural disasters, actions of competitors (including, without limitation, pricing, scheduling, capacity, and network decisions, and consolidation and alliance activities), consumer perception, economic conditions, banking conditions, fears or actual acts of terrorism or war, sociodemographic trends, and other factors beyond the Company's control, on consumer behavior and the Company's results of operations and business decisions, plans, strategies, and results; (ii) the Company's ability to timely and effectively implement, transition, operate, and maintain the necessary information technology systems and infrastructure to support its operations and initiatives, including with respect to revenue management; (iii) the cost and effects of the actions of activist shareholders; (iv) the Company's ability to obtain and maintain adequate infrastructure and equipment to support its operations and initiatives; (v) the impact of fuel price changes, fuel price volatility, volatility of commodities used by the Company for hedging jet fuel, and any changes to the Company's fuel hedging strategies and positions, on the Company's business plans and results of operations; (vi) the Company's dependence on The Boeing Company ("Boeing") and Boeing suppliers with respect to the Company's aircraft deliveries, fleet and capacity plans, operations, maintenance, strategies, and goals; (vii) the Company's dependence on Boeing and the Federal Aviation Administration with respect to the certification of the Boeing MAX 7 aircraft; (viii) the Company's dependence on other third parties, in particular with respect to its technology plans, its plans and expectations related to revenue management, operational reliability, fuel supply, maintenance, Global Distribution Systems, and the impact on the Company's operations and results of operations of any third party delays or non-performance; (ix) the Company's ability to timely and effectively prioritize its initiatives and focus areas and related expenditures; (x) the impact of labor matters on the Company's business decisions, plans, strategies, and results; (xi) the impact of governmental regulations and other governmental actions on the Company's business plans, results, and operations; (xii) the Company's dependence on its workforce, including its ability to employ and retain sufficient numbers of qualified Employees with appropriate skills and expertise to effectively and efficiently maintain its operations and execute the Company's plans, strategies, and initiatives; (xiii) the emergence of additional costs or effects associated with the cancelled flights in December 2022, including litigation, government investigation and actions, and internal actions; and (xiv) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

    About Southwest Airlines Co.

    Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports1 across 11 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline2. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 74,0003 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among more than 137 million Customers carried in 2023. That formula for success has brought industry-leading prosperity and 47 consecutive years4 of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. As the airline with Heart, Southwest has set a goal to work toward achieving net zero carbon emissions by 20505. Southwest has also set near-term targets and a three-pillar strategy to achieve its environmental goals. Learn more by visiting Southwest.com/planet.

    1 Effective Aug. 5, 2024, the airline will serve 117 airports.

     2 Based on U.S. Dept. of Transportation quarterly Airline Origin & Destination Survey since Q1 2021

     3 Fulltime-equivalent active Employees

     4 1973-2019 annual profitability

     5 Southwest's net zero by 2050 goal includes Scope 1, Scope 2, and Scope 3 Category 3 emissions only and excludes any emissions associated with non-fuel products and services, such as inflight service items.

     

    Cision View original content:https://www.prnewswire.com/news-releases/southwest-airlines-adopts-limited-duration-shareholder-rights-plan-302188677.html

    SOURCE Southwest Airlines Co.

    Get the next $LUV alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LUV

    DatePrice TargetRatingAnalyst
    4/1/2025$28.00Hold → Underperform
    Jefferies
    3/20/2025$29.00 → $36.00Sell → Neutral
    UBS
    3/20/2025Sell → Hold
    Melius
    3/3/2025$25.00Neutral → Underweight
    Analyst
    2/11/2025$35.00Hold → Buy
    Argus
    1/17/2025$31.00Neutral → Underperform
    BofA Securities
    1/16/2025$31.50 → $29.50Neutral → Sell
    Citigroup
    12/11/2024$42.00Overweight
    Morgan Stanley
    More analyst ratings

    $LUV
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • SOUTHWEST AIRLINES RANKS FIRST IN ECONOMY CLASS CUSTOMER SATISFACTION BY J.D. POWER FOR FOURTH YEAR IN A ROW

      Carrier also leads in six key study dimensions, including No. 1 Airline Staff and No. 1 in Level of Trust 1 DALLAS, May 7, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) is recognized by J.D. Power as the Best Airline for Economy Class Customer Satisfaction 1 for the fourth consecutive year, highlighting the airline's unwavering commitment to its Customers. Southwest Airlines® was named the Most Satisfying Economy Air Travel Experience in the J.D. Power 2025 North America Airline Satisfaction Study and No. 1 in Airline Staff and Level of Trust.  "We're honored to receive this ranking for a fourth year since it celebrates our Customer-friendly choices and our legendary Hospitality," s

      5/7/25 8:00:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES ANNOUNCES REIMAGINED FARE PRODUCTS, NEW BENEFITS FOR RAPID REWARDS CREDIT CARDMEMBERS AND TIER MEMBER CUSTOMERS

      Products provide choice for Customers to have a broader range of travel experiences  DALLAS, April 28, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) announces its new fare products, as well as new benefits for its Rapid Rewards® Credit Cardmembers and Tier Members, aiming to deepen and reward loyalty for the airline's most engaged Customers. "With new choices like seat selection and Extra Legroom, our enhanced fare bundles let Customers customize their trip while still enjoying our industry-leading reliability and hospitality." said Tony Roach, Executive Vice President Customer & Brand.  The new fare products, Choice Extra, Choice Preferred, and Choice (formerly Business Select, An

      4/28/25 2:16:00 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Yieldstreet and Upgrade Partner to Expand Access to Consumer Credit Investing

      Collaboration introduces Buy Now, Pay Later (BNPL) travel financing strategy to Yieldstreet investors Yieldstreet, a leading private markets investing platform, and Upgrade Inc., a fintech company offering affordable and responsible credit products to mainstream consumers, today announced the completion of an agreement to purchase assets through Flex Pay, Upgrade's BNPL financing solution. This partnership enables individual investors to target passive income from exposure to high-quality consumer BNPL loans. The first transaction, which closed in April 2025, includes a pool of travel loans through Flex Pay's strong partnerships with over 750 travel partners, including major airlines, cru

      4/28/25 9:00:00 AM ET
      $CCL
      $LUV
      $NCLH
      $UAL
      Marine Transportation
      Consumer Discretionary
      Air Freight/Delivery Services
      Hotels/Resorts

    $LUV
    Leadership Updates

    Live Leadership Updates

    See more
    • SOUTHWEST AIRLINES NAMES RAKESH GANGWAL CHAIR OF THE BOARD AND ANNOUNCES NEW COMMITTEE CHAIRS

      DALLAS, Nov. 4, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest" or the "Company") today announced the appointment of Rakesh Gangwal as independent Chair of the Board of Directors and named new Board Committee Chairs, effective immediately: Lisa Atherton will serve as Chair of the Compensation CommitteeDouglas Brooks will serve as Chair of the Audit CommitteeDavid Hess will continue to serve as Chair of the Safety and Operations CommitteeChris Reynolds will serve as Chair of the Nominating and Corporate Governance CommitteeGregg Saretsky will serve as Chair of the Finance CommitteeGangwal said, "We are embarking on the next era of change at Southwest as we build upon its

      11/4/24 7:30:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES COMMENTS ON ELLIOTT MANAGEMENT'S SPECIAL MEETING REQUEST

      Reiterates Efforts to Reach Constructive Resolution with Elliott Outlines Actionable Steps Taken to Position Southwest for the FutureShareholders Not Required to Take Immediate ActionDALLAS, Oct. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest" or the "Company") today confirmed that Elliott Investment Management L.P. ("Elliott") requested a Special Meeting of Shareholders to consider Elliott's proposals, including to remove without cause eight members of Southwest's Board of Directors (the "Board") and elect eight Director candidates chosen by Elliott, which appears designed to result in full control of the Board by Elliott's nominees. Southwest's Board issued the foll

      10/14/24 7:31:00 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES APPOINTS ROBERT FORNARO TO BOARD OF DIRECTORS

      DALLAS, Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") has appointed Robert "Bob" Fornaro as a member of the Board, effective immediately. Fornaro is an accomplished airline executive with four decades of experience in the industry. He previously served on the Board of Directors of Spirit Airlines beginning in May 2014 until September 2019 and as President and Chief Executive Officer from January 2016 until December 2018, during which time he led the low-cost carrier through a period of substantial growth and transformation. Previously, he was President and Chief Executive Officer of AirTran Holdings Inc. from November 2007 until May 2011. Fornaro served as

      9/26/24 7:06:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Financials

    Live finance-specific insights

    See more
    • SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2025 RESULTS

      DALLAS, April 23, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its first quarter 2025 financial results:   Net loss of $149 million, or $0.26 loss per diluted shareNet loss, excluding special items1, of $77 million, or $0.13 loss per diluted shareRecord first quarter operating revenues of $6.4 billion on all-time record yieldsLiquidity2 of $9.3 billion, well in excess of debt outstanding of $6.7 billionBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "While the broader economic environment has been dynamic, we remain focused on executing our transformational plan. On costs, we beat our previously adju

      4/23/25 4:37:00 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES DECLARES 184th QUARTERLY DIVIDEND

      DALLAS, Feb. 5, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on March 12, 2025, on all shares then issued and outstanding. The quarterly dividend will be paid on April 2, 2025. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-184th-quarterly-dividend-302368917.html SOURCE Southwest Airlines Co.

      2/5/25 9:10:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

      DALLAS, Jan. 30, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its fourth quarter and full year 2024 financial results: Fourth quarter and full year net income of $261 million and $465 million, or $0.42 and $0.76 per diluted share, respectivelyFourth quarter and full year net income, excluding special items1, of $356 million and $597 million, or $0.56 and $0.96 per diluted share, respectivelyRecord fourth quarter and record full year operating revenues of $6.9 billion and $27.5 billion, respectivelyRecord fourth quarter and record full year operating revenues, excluding special items1, of $7.0 billion and $27.6 billion, respectivelyFourth quarter reve

      1/30/25 6:45:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    SEC Filings

    See more
    • SEC Form 10-Q filed by Southwest Airlines Company

      10-Q - SOUTHWEST AIRLINES CO (0000092380) (Filer)

      4/24/25 6:02:51 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Southwest Airlines Company filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - SOUTHWEST AIRLINES CO (0000092380) (Filer)

      4/23/25 4:22:52 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SEC Form DEFA14A filed by Southwest Airlines Company

      DEFA14A - SOUTHWEST AIRLINES CO (0000092380) (Filer)

      4/4/25 6:05:32 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Southwest Air downgraded by Jefferies with a new price target

      Jefferies downgraded Southwest Air from Hold to Underperform and set a new price target of $28.00

      4/1/25 9:02:22 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Southwest Air upgraded by UBS with a new price target

      UBS upgraded Southwest Air from Sell to Neutral and set a new price target of $36.00 from $29.00 previously

      3/20/25 7:47:06 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Southwest Air upgraded by Melius

      Melius upgraded Southwest Air from Sell to Hold

      3/20/25 7:46:40 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Southwest Airlines Company

      SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)

      10/30/24 8:00:54 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Southwest Airlines Company

      SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)

      10/24/24 8:30:19 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Southwest Airlines Company

      SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)

      10/15/24 8:30:15 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Saretsky Gregg A bought $100,169 worth of shares (3,670 units at $27.29), increasing direct ownership by 33% to 14,881 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      5/1/25 5:33:29 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Breber Pierre R bought $268,877 worth of shares (10,000 units at $26.89) (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/30/25 4:40:17 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Hess David P bought $198,900 worth of shares (7,500 units at $26.52), increasing direct ownership by 48% to 23,156 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/29/25 6:15:38 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Saretsky Gregg A bought $100,169 worth of shares (3,670 units at $27.29), increasing direct ownership by 33% to 14,881 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      5/1/25 5:33:29 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Breber Pierre R bought $268,877 worth of shares (10,000 units at $26.89) (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/30/25 4:40:17 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Hess David P bought $198,900 worth of shares (7,500 units at $26.52), increasing direct ownership by 48% to 23,156 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/29/25 6:15:38 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary