Date | Price Target | Rating | Analyst |
---|---|---|---|
9/3/2024 | $30.00 → $35.00 | In-line → Outperform | Evercore ISI |
7/17/2024 | $26.00 → $19.00 | Hold | TD Cowen |
6/10/2024 | $26.00 | Sell | Melius |
5/28/2024 | Buy → Hold | Argus | |
4/29/2024 | $28.00 → $20.00 | Hold → Underperform | Jefferies |
4/26/2024 | $26.00 → $25.00 | Hold | TD Cowen |
3/13/2024 | $20.00 → $28.00 | Underperform → Hold | Jefferies |
3/12/2024 | $40.00 | Hold → Buy | Argus |
DEFA14A - SOUTHWEST AIRLINES CO (0000092380) (Filer)
DEFA14A - SOUTHWEST AIRLINES CO (0000092380) (Filer)
8-K - SOUTHWEST AIRLINES CO (0000092380) (Filer)
DALLAS, July 31, 2024 /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 September 4, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on September 25, 2024. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-182nd-quarterly-dividend-302211112.html SOURCE Southwest Airlines Co.
DALLAS, July 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2024 financial results: Net income of $367 million, or $0.58 per diluted shareNet income, excluding special items1, of $370 million, or $0.58 per diluted shareRecord quarterly operating revenues of $7.4 billionLiquidity2 of $11.0 billion, well in excess of debt outstanding of $8.0 billionBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "Our second quarter performance was impacted by both external and internal factors and fell short of what we believe we are capable of delivering. The Southwest Airlines Board of Directors,
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, "Elliot
SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)
SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)
SC 13D - SOUTHWEST AIRLINES CO (0000092380) (Subject)
4/A - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
3/A - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
Evercore ISI upgraded Southwest Air from In-line to Outperform and set a new price target of $35.00 from $30.00 previously
TD Cowen reiterated coverage of Southwest Air with a rating of Hold and set a new price target of $19.00 from $26.00 previously
Melius reiterated coverage of Southwest Air with a rating of Sell and set a new price target of $26.00
Flight Simulator Technicians Approve New Contract;All Labor Contracts Now Successfully Ratified DALLAS, Sept. 16, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) and the International Brotherhood of Teamsters (IBT) Local 19 today announced the airline's Flight Simulator Technicians have voted in favor of their new contract. Southwest Airlines® has more than 50 Flight Simulator Technicians who provide maintenance and engineering support for the Company's flight training equipment. The new contract includes increased pay rates, a new Simulation Engineer classification, and maternity and parental leave for eligible Employees. It becomes amendable in September 2028. "Our Flight Simulator
WEST PALM BEACH, Fla., Sept. 10, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Southwest Airlines Co. (NYSE:LUV) ("Southwest") and the actions announced today – including the resignation of seven directors: We learned yesterday, which was made public today, that nearly half of Southwest's Board of Directors had decided to resign based on shareholder feedback. In our experience, this is unprecedented. We are pleased that the Board is beginning to
Six Directors to Retire in November; Gary Kelly to Retire Immediately After 2025 Annual Meeting Board Intends to Appoint Four New Independent Directors, Potentially Including Candidates Proposed by Elliott Investment Management L.P., in Near Term Board Eliminates Executive Committee Structure and Creates New Finance Committee; New Committee Chairs and Lead Independent Director to be Named Board Reiterates Support for Bob Jordan as CEO Southwest Airlines Intends to Continue Engagement Toward a Collaborative Resolution with Elliott Investment Management L.P. DALLAS, Sept. 10, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today announced the next phase of the Board's
Has Received Overwhelmingly Supportive Feedback about Call for Leadership Change Responds to Company's Adoption of Shareholder-Unfriendly "Poison Pill" Reiterates Measures Necessary to Improve Performance Letter is available at StrongerSouthwest.com WEST PALM BEACH, Fla., July 8, 2024 /PRNewswire/ -- Elliott Investment Management L.P. (and its affiliates, "Elliott"), today sent a letter to the Board of Southwest Airlines Co. (NYSE:LUV) (the "Company" or "Southwest") summarizing the feedback received and key events that have occurred since the publication last month of Elliott's initial letter and presentation calling for leadership change.
DALLAS, July 8, 2024 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE:LUV) ("Southwest") (the "Company") has appointed Rakesh Gangwal as a member of the Board, effective July 7. Gangwal has deep and extensive airline industry experience and is the co-founder of India's largest airline by fleet size and passengers carried, InterGlobe Aviation, known as IndiGo. Before co-founding IndiGo in 2006, Gangwal served as Chairman, President, and Chief Executive Officer of Worldspan Technologies, a provider of technology and information services to the travel and transportation industry. Prior to his time at Worldspan, Gangwal served as President and Chief Executive Officer of US
DALLAS, June 10, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today reiterated its willingness to meet with Elliott Investment Management L.P. ("Elliott") to further discuss the airline's strategy to enhance value for all Shareholders: Southwest Airlines maintains an open dialogue with our Shareholders and values their perspectives related to enhancing Shareholder value. We were first contacted yesterday by Elliott. Our Board and Executive Leadership Team are thoughtfully reviewing Elliott's letter and presentation and look forward to further conversations with Elliott to better understand its view on the Company. We are confident that Southwest Airlines has the right strategy, th
Southwest Airlines Co (NYSE:LUV) shares are trading lower after the airlines reported second-quarter 2024 results. LUV reported operating revenue increase of 4.5% year-over-year to $7.354 billion, beating the consensus of $7.32 billion. Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, “Our second quarter performance was impacted by both external and internal factors and fell short of what we believe we are capable of delivering.” Adjusted EPS was $0.58, down from $1.19 last year, above the consensus $0.51. The airline’s adjusted operating income fell 54.5% to $405 million, operating expenses increased by 13% YoY to $6.95 billion.
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori