Southwest Airlines Co

LUV

Equity

ISIN US8447411088 / Valor 971801

New York Stock Exchange, Inc (2024-12-24)

USD 34.35+1.45%

Southwest Airlines Co
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About company

Southwest Airlines Co., established in 1971 with initial operations connecting San Antonio and Houston from Love Field in Dallas, has grown into a major U.S. airline recognized for its commitment to customer service. The airline, which was listed on the New York Stock Exchange in 1977 under the ticker symbol "LUV," has expanded its operations across the United States, offering a range of flight services that emphasize both affordability and a positive travel experience. Known for its unique approach to customer service, including the early adoption of themed in-flight services and innovative ticketing strategies, Southwest has played a significant role in transforming the airline industry landscape. Over the decades, the company has maintained a focus on operational efficiency, employee engagement, and customer satisfaction, factors that have contributed to its enduring success and popularity among travelers.

Summarized from source with an LLMView SourceSector: Consumer Services

Net Income and Earnings

Southwest Airlines Co. reported a net income of $67 million, or $0.11 per diluted share, for the third quarter of 2024. Excluding special items, the net income was $89 million, or $0.15 per diluted share. This reflects the company's ongoing efforts to improve financial performance as part of its strategic initiatives.

Record Operating Revenues

For the third quarter of 2024, Southwest Airlines Co. achieved record operating revenues of $6.9 billion, marking a 5.3 percent increase compared to the same period last year. This growth was primarily driven by yield improvements and capacity moderation across the industry.

Liquidity and Debt

Southwest Airlines Co. reported liquidity of $10.4 billion as of the third quarter of 2024, which is significantly higher than its outstanding debt of $8.0 billion. This strong liquidity position supports the company's financial stability and strategic initiatives.

Share Repurchase Program

In the third quarter of 2024, Southwest Airlines Co. announced a $250 million accelerated share repurchase program. This is part of the company's larger $2.5 billion share repurchase authorization, reflecting confidence in its financial outlook and commitment to returning value to shareholders.

Guidance and Outlook

Looking ahead to the fourth quarter of 2024, Southwest Airlines Co. expects unit revenues to increase by 3.5 to 5.5 percent year-over-year, with capacity projected to decrease by approximately 4 percent. The company remains focused on network optimization and revenue management to drive continued financial improvement.

Summarized from source with an LLMView Source

Key figures

16.4%1Y

-17.9%3Y

-37.4%5Y

Performance

37.1%1Y

35.3%3Y

41.9%5Y

Volatility