Southwest Airls Co Stock Price, News & Analysis

Southwest Airlines Co. (LUV) announced the reinstatement of its quarterly cash dividend of $.18 per share, marking its 175th quarterly dividend. Shareholders of record as of January 10, 2023 will receive dividends paid on January 31, 2023. This amount totals approximately $428 million and reflects a 1.8% annual dividend yield. The decision follows improved demand for air travel and strong financial performance since March 2022, showcasing the Company's robust balance sheet and commitment to returning capital to shareholders.

Southwest Airlines (NYSE: LUV) has reached a Tentative Agreement with the Transport Workers Union (TWU) Local 557 for over 200 Flight Instructors. The agreement aims to improve the quality of life for instructors while meeting operational needs. Both parties expressed satisfaction with the negotiations, emphasizing the agreement's potential for enhancing workplace harmony and efficiency. Details regarding ratification will be communicated to TWU members. Southwest Airlines continues to promote a strong corporate culture and aims for carbon neutrality by 2050.

On December 5, 2022, Southwest Airlines Co. (NYSE: LUV) announced the 2022 recipients of its scholarship programs, awarding $260,000 to 15 students through the Herbert D. Kelleher and Rollin W. King Scholarship and the Southwest Airlines Scholarship. These scholarships aim to support educational pursuits and strengthen community ties. Each recipient also received four roundtrip tickets on Southwest Airlines. Applications for the next scholarship cycle are open until February 28, 2023. The funding is part of the company’s commitment to promoting equity and opportunity.

Southwest Airlines (LUV) invites stakeholders to its 2022 Investor Day on December 7, 2022, at 12:00 p.m. ET. The event will be streamed live, featuring key executives including Bob Jordan, CEO, and Tammy Romo, CFO. Attendees can find a webcast link on the Investor Relations homepage. Access starts 15 minutes prior to the event.

Southwest Airlines Co. (LUV) reported its Q3 2022 financial results, revealing a net income of $277 million ($0.44 per share), with record operating revenues of $6.2 billion, a 10.3% increase from Q3 2019. Despite challenges from Hurricane Ian, leisure and business travel demand remained strong, with expectations for improved revenue trends into Q4 2022. The company maintains a robust liquidity position of $14.7 billion and a debt of $8.7 billion. However, operating expenses surged 20.9% YoY, and pilot staffing shortages are expected to limit fleet utilization.

Southwest Airlines (NYSE: LUV) announced a Tentative Agreement with the International Association of Machinists and Aerospace Workers for a new contract covering over 8,000 Customer Service Employees. This agreement aims to reward employees for their contributions while maintaining the company's competitive edge. The IAM will inform its members about the details and ratification process. Southwest Airlines, known for its employee-first culture and operational excellence, continues to focus on delivering exceptional customer service across 121 airports globally.

Southwest Airlines (NYSE: LUV) has partnered with Paul Quinn College to become its official airline and support the Urban Work College Program. This collaboration aims to provide students with internships and real-world experience in the aviation sector, enhancing workforce development and career opportunities. As part of the partnership, Southwest will facilitate job placements and educational initiatives within the college's framework. This investment aligns with the airline's commitment to increasing diversity within the aviation workforce.

Southwest Airlines Co. (NYSE: LUV) will hold a live webcast to discuss its third quarter 2022 financial results on October 27, 2022, at 12:30 PM Eastern Time. The call will feature insights from top executives including CEO Bob Jordan and CFO Tammy Romo. Investors can access the live audio webcast through the company's Investor Relations page, available 20 minutes prior to the start of the call.

Southwest Airlines Co. (NYSE: LUV) has announced a promotional offer for its Rapid Rewards Members, providing a 20% discount on base fares for flights booked using Rapid Rewards points. This offer is valid for bookings made from October 18 to October 20, 2022, for travel between October 18 and December 15, 2022, with blackout dates for Thanksgiving travel. Customers can use the promo code SAVE20NOW to unlock the discount. Southwest aims to enhance customer loyalty by allowing members to maximize their points and offers flexible travel policies.