Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2020, the company operated a total fleet of 718 Boeing 737 aircrafts; and served 107 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. Its services also cover destinations in Hilo on Hawaii; Cozumel, Mexico; Steamboat Springs, Colorado; Miami, Florida; Palm Springs, California; and Montrose (Telluride and Crested Butte), Colorado. In addition, the company provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company provides a suite of digital platforms to support customers' travel needs, including Southwest.com, mobile website, and apps; and SWABIZ, an online booking tool. Further, it offers ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was founded in 1967 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: southwest.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | $31.00 | Neutral → Underperform | BofA Securities |
| 1/16/2025 | $31.50 → $29.50 | Neutral → Sell | Citigroup |
| 12/11/2024 | $42.00 | Overweight | Morgan Stanley |
| 12/6/2024 | $25.00 → $28.00 | Hold | TD Cowen |
| 11/26/2024 | $27.00 | Sell | UBS |
| 11/15/2024 | $28.00 | Sell | Goldman |
| 11/4/2024 | $33.00 | Neutral | BofA Securities |
| 10/9/2024 | $24.00 → $32.00 | Underperform → Hold | Jefferies |
| 9/30/2024 | $19.00 → $25.00 | Hold | TD Cowen |
| 9/3/2024 | $30.00 → $35.00 | In-line → Outperform | Evercore ISI |
DALLAS, Nov. 21, 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 December 26, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on January 16, 2025. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-183rd-quarterly-dividend-302313664.html SOURCE Southwest Airlines Co.
DALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its third quarter 2024 financial results: Net income of $67 million, or $0.11 per diluted shareNet income, excluding special items1, of $89 million, or $0.15 per diluted shareRecord third quarter operating revenues of $6.9 billionLiquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billionAnnounced a $250 million accelerated share repurchase program under the Company's $2.5 billion share repurchase authorizationBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "It's an exciting time for us as we execute on our 'Southwest.
Reimagines core product to meet evolving Customer preferences and increase revenue opportunitiesLaunches new commercial initiatives to enhance Customer Experience and drive value while preserving flexible policies like bags fly free1Expects to deliver in 2027: approximately $4 billion2 in cumulative incremental earnings before interest and taxes (EBIT) contribution and after-tax return on invested capital (ROIC) of 15 percent or greater, well above weighted average cost of capital (WACC)Board approves $2.5 billion share repurchase programDALLAS, Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest®" or the "Company") today will host an Investor Day briefing in Dallas
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
DALLAS, May 15, 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 June 19, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on July 10, 2024. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-181st-quarterly-dividend-302146449.html SOURCE Southwest Airlines Co.
DALLAS, April 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its first quarter 2024 financial results: Net loss of $231 million, or $0.39 loss per diluted shareNet loss, excluding special items1, of $218 million, or $0.36 loss per diluted shareRecord first quarter operating revenues of $6.3 billionLiquidity2 of $11.5 billion, well in excess of debt outstanding of $8.0 billionBob Jordan, President and Chief Executive Officer, stated, "While it is disappointing to incur a first quarter loss, we exited the quarter with healthy profits and margins in the month of March. We are focused on controlling what we can control and have already taken swift acti
DALLAS, March 28, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) announces the acquisition of SAFFiRE Renewables, LLC (SAFFiRE) as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV). SARV is dedicated to creating more opportunities for Southwest® to obtain scalable sustainable aviation fuel (SAF). SAFFiRE is part of a project supported by the Department of Energy (DOE) to develop and produce scalable renewable ethanol that can be upgraded into SAF. SAFFiRE expects to utilize technology developed at the DOE's National Renewable Energy Laboratory (NREL) to convert corn stover, a widely available agricultural residue feedst
DALLAS, Jan. 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 March 6, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on March 27, 2024. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-180th-quarterly-dividend-302049611.html SOURCE Southwest Airlines Co.
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DALLAS, Jan. 17, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today announced another milestone in its commitment to Safety and transformational journey with the successful completion of the IATA Operational Safety Audit (IOSA). IOSA is a flagship program of the International Air Transport Association. "Along with our robust Safety Management System and Safety Culture we already have in place, successfully completing IOSA reinforces our commitment to Safety and makes us accountable to the high standards upheld by airlines around the globe," said Andrew Watterson, Chief Operating Officer at Southwest Airlines. IOSA is an internationally recognized and accepted evaluation system des
DALLAS, Jan. 9, 2025 /PRNewswire/ -- Today two longtime Leaders at Southwest Airlines Co. (NYSE:LUV) announced plans to retire from their executive officer positions. Executive Vice President & Chief Financial Officer Tammy Romo and Chief Administration Officer Linda Rutherford will retire from their positions effective April 1, 2025. "For more than three decades, Tammy and Linda have led our organization with vision, integrity, and an unwavering commitment to excellence," said Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors at Southwe
DALLAS, Jan. 7, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) and BBAM today announced the sale and leaseback of 36 Boeing 737-800 aircraft. The aircraft will be owned and leased to Southwest Airlines by Incline Aviation III, the third in BBAM's flagship aviation investment fund series. Steve Zissis, President and CEO of BBAM, said: "We are excited to partner with Southwest Airlines, one of the world's most admired and awarded airlines, on this landmark sale-leaseback transaction. The transaction underscores BBAM's commitment to delivering tailored fleet financing s
DALLAS, Jan. 7, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) and BBAM today announced the sale and leaseback of 36 Boeing 737-800 aircraft. The aircraft will be owned and leased to Southwest Airlines by Incline Aviation III, the third in BBAM's flagship aviation investment fund series. Steve Zissis, President and CEO of BBAM, said: "We are excited to partner with Southwest Airlines, one of the world's most admired and awarded airlines, on this landmark sale-leaseback transaction. The transaction underscores BBAM's commitment to delivering tailored fleet financing solutions and certainty of execution to our airline partners. We look forward to a long and successful relationship wit
Longtime airline executive brings multi-faceted leadership experience to the airline's Revenue Organization DALLAS, Dec. 11, 2024 /PRNewswire/ -- Southwest Airlines (NYSE: LUV) has selected Aileen Furlong as its new Vice President Sales to lead the airline's Southwest Business function. She will officially join Southwest Airlines® on Jan. 6, 2025. Southwest Business serves corporate Customers – both corporate travel managers and travel management companies – with an approach that offers direct support and self-service options to companies of all sizes. "Aileen's appointment is a wonderful opportunity for Southwest Business and our entire Revenue Organization," said Andrew Watterson, Chief O
DALLAS, Dec. 4, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) has been invited to speak at the Goldman Sachs Industrials and Materials Conference. Goldman Sachs will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows: Date: December 5, 2024 Time: 9:20am ET Speaker: Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors Web Address: www.southwestairlinesinvestorrelations.com To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click
DALLAS, Nov. 21, 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 December 26, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on January 16, 2025. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-183rd-quarterly-dividend-302313664.html SOURCE Southwest Airlines Co.
Southwest Rapid Rewards Premier Credit Card ranks No. 1, and the Priority Credit Card ranks No. 2 in Customer Satisfaction DALLAS, Nov. 19, 2024 /PRNewswire/ -- The Southwest Rapid Rewards® Premier and Priority Credit Cards issued by Chase1 are recognized for their commitment to Cardmembers by being named the top two Co-Branded Airline Credit Cards for Customer Satisfaction in the J.D. Power 2024 U.S. Credit Card Customer Satisfaction Study2. The Premier Credit Card is first for Customer Satisfaction among Airline Co-Branded Credit Cards, and the Priority Credit Card is second.
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
Airline provides a critical lifeline to patients seeking medical care by donating 13,000 tickets for round trip air travel DALLAS, Nov. 1, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) is celebrating 17 years of partnering with nonprofit hospitals and medical transportation organizations to provide round trip air travel for patients and caregivers who are unable to access care in moments when they need it most. The Southwest Airlines® Medical Transportation Grant Program aims to ease the financial burden on patients and their families by helping to make healthcare needs accessible and connecting patients to the life-saving care they need with free transportation to medical facilitie
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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
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
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
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
DALLAS, April 5, 2024 /PRNewswire/ -- As disclosed in the Company's Proxy Statement released today, the Southwest Airlines Co. (NYSE:LUV) (the "Company") Board of Directors nominated 14 candidates to stand for election at the Company's Annual Meeting of Shareholders on May 15, 2024. As previously announced, the Board is excited to nominate Lisa Atherton to join the Board as a new Director. Directors Ron Ricks and John Montford will not stand for reelection. "On behalf of the Board, I want to thank Ron and John for their long-standing commitment to Southwest Airlines. They both made an immeasurable positive impact on the Board and our Company, and we owe them a tremendous debt of gratitude
DALLAS, Dec. 8, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE:LUV) has named Lisa Atherton as a candidate to join the Board. Atherton, along with other Board nominees, will be on the ballot at the Company's Annual Meeting of Shareholders on May 15, 2024. Atherton is the President and Chief Executive Officer of Bell, a Textron Inc. (NYSE:TXT) company, and a member of Textron's Executive Leadership Team. She oversees a multibillion-dollar business that provides innovative products for defense and commercial customers across the globe. Prior to assuming her role as President and Chief Executive Officer, Atherton served as the Chief Operating Officer of Bell. In 20
DALLAS, July 17, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE:LUV) has appointed Roy Blunt as a member of the Board, effective July 16. Blunt has been the Chairman of the Leadership Strategies Advisory Services Group in the Washington, D.C. office of Husch Blackwell Strategies, a government affairs advisory firm, since April. He previously served as a United States Senator from the State of Missouri (2011 to 2023), and as U.S. Representative for Missouri's 7th congressional district (1997 to 2011). In the Senate, Blunt's committee assignments included the Commerce Subcommittee on Aviation, Operations, and Innovation; the Committee on Intelligence; and the Appro
DALLAS, Feb. 1, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today announced the promotion of Lauren Woods from Vice President of Technology to Senior Vice President and Chief Information Officer, and she will report to Chief Administration & Communications Officer Linda Rutherford. Since joining Southwest® in 2010, Woods has led key initiatives across Southwest's Technology Department, supporting the Company's Digital and Customer Channels and various Operations Teams and Platforms. She established cloud infrastructure, creating a new development and delivery platform for complex application ecosystems. In her new role, Woods will play an important role in managing the airline's t
BofA Securities downgraded Southwest Air from Neutral to Underperform and set a new price target of $31.00
Citigroup downgraded Southwest Air from Neutral to Sell and set a new price target of $29.50 from $31.50 previously
Morgan Stanley resumed coverage of Southwest Air with a rating of Overweight and set a new price target of $42.00
TD Cowen reiterated coverage of Southwest Air with a rating of Hold and set a new price target of $28.00 from $25.00 previously
UBS resumed coverage of Southwest Air with a rating of Sell and set a new price target of $27.00
Goldman resumed coverage of Southwest Air with a rating of Sell and set a new price target of $28.00
BofA Securities resumed coverage of Southwest Air with a rating of Neutral and set a new price target of $33.00
Jefferies upgraded Southwest Air from Underperform to Hold and set a new price target of $32.00 from $24.00 previously
TD Cowen reiterated coverage of Southwest Air with a rating of Hold and set a new price target of $25.00 from $19.00 previously
Evercore ISI upgraded Southwest Air from In-line to Outperform and set a new price target of $35.00 from $30.00 previously