Southwest Airls Co Stock Price, News & Analysis

The Board of Directors of Southwest Airlines Co. (NYSE: LUV) has appointed Jill Soltau as a new Board member, effective February 15. Soltau, previously CEO of J. C. Penney, is recognized for her leadership through the company's Chapter 11 restructuring during the COVID-19 pandemic. She brings extensive experience in various areas including sustainability and risk management. The appointment is part of Southwest's strategy to enhance Board diversity and perspectives. Other Board nominees will be announced for the 2023 Annual Meeting of Shareholders.

Southwest Airlines Co. (NYSE: LUV) has announced the promotion of Lauren Woods to Senior Vice President and Chief Information Officer, effective February 1, 2023. Woods, who joined the company in 2010, was previously Vice President of Technology and will oversee technology investments worth approximately $1.3 billion this year. She replaces Kathleen Merrill, who transitioned to an Executive Advisor role after nearly 19 years, during which she led significant technology projects. Woods will focus on transforming the airline's data platforms and managing its technology infrastructure.

Southwest Airlines Co. (NYSE: LUV) has announced a quarterly cash dividend of $.18 per share for shareholders of record as of March 8, 2023. The dividend will be disbursed on March 29, 2023, marking the 176th quarterly dividend declared by the airline. This move reflects the company's ongoing commitment to return value to its shareholders.

Southwest Airlines (NYSE: LUV) has announced additional nonstop flights for fans traveling to Phoenix for the upcoming big game. Starting February 9, 2023, the airline will operate two nonstop flights from Philadelphia and Kansas City, with more options increasing daily. By February 11, flights will increase to a total of seven nonstop options from Kansas City. Return flights will be available starting February 13, with options for both Philadelphia and Kansas City. Passengers can enjoy live TV onboard during the game, showcasing the airline's continued focus on enhancing customer experience.

Southwest Airlines (NYSE: LUV) reported a fourth-quarter 2022 net loss of $220 million, or $0.37 per diluted share, primarily due to operational disruptions leading to over 16,700 flight cancellations that cost approximately $800 million. Despite this, full-year net income stood at $539 million, with operating revenues reaching record highs of $6.2 billion for Q4 and $23.8 billion for the year. Looking ahead, the airline anticipates a first-quarter 2023 net loss but projects improved booking trends for March 2023. Operating expenses rose significantly, influenced by labor costs and operational challenges, raising concerns for upcoming quarters.

Southwest Airlines Co. (NYSE: LUV) has announced a live webcast scheduled for January 26, 2023, at 12:30 PM ET to discuss its fourth quarter and full year 2022 financial results. The event will be hosted by key executives including President and CEO Bob Jordan, COO Andrew Watterson, and CFO Tammy Romo. Investors can access the webcast through the company's investor relations website or the main Southwest site.

Registration for the event opens 20 minutes prior. This announcement highlights the company’s commitment to transparency with its investors as it prepares to share its financial performance metrics.

On January 23, 2023, Southwest Airlines Co. (NYSE: LUV) announced a Tentative Agreement with the Transport Workers Union Local 550 for its Dispatch Employees, encompassing more than 450 staff members. This agreement is designed to enhance compensation and quality of life while maintaining the airline's competitive edge. Adam Carlisle, Vice President of Labor Relations, emphasized the collaboration during negotiations, while Brian Brown, President of TWU 550, highlighted the industry-leading pay and beneficial work rules for members. The union will communicate details and the voting process to its members shortly.

Southwest Airlines Co. (NYSE: LUV) announced a live webcast to discuss its fourth quarter and full year 2022 financial results. The event will take place on January 26, 2023, at 12:30 PM Eastern Time. Key executives, including Bob Jordan (CEO), Andrew Watterson (COO), Ryan Green (CCO), and Tammy Romo (CFO), will be presenting. Those interested can access the webcast via the company's investor relations website or through the Southwest Airlines site. Registration for the event begins 20 minutes prior to the start of the call.