Southwest Airlines Co. (LUV) Q2 2024 Earnings Call Transcript
Southwest Airlines Co. (NYSE:LUV ) Q2 2024 Earnings Conference Call July 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President, Investor Relations Bob Jordan - President & Chief Executive Officer Andrew Watterson - Chief Operating Officer Tammy Romo - Executive Vice President & Chief Financial Officer Ryan Green - EVP, Commercial Transformation Whitney Eichinger - Senior Vice President & Chief Communications Officer Conference Call Participants Brandon Oglenski - Barclays Jamie Baker - JPMorgan Savi Syth - Raymond James Conor Cunningham - Milius Research Mike Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Sheila Kahyaoglu - Jefferies Alexandra Skores - The Dallas Morning News Rajesh Singh - Reuters David Koenig - The Associated Press Lori Aratani - The Washington Post Alison Sider - The Wall Street Journal Mary Schlangenstein - Bloomberg News Operator Hello, everyone, and welcome to the Southwest Airlines Second Quarter 2024 Conference Call. I am Gary, and I'll be moderating today's call, which is being recorded.
Southwest Airlines To Introduce Assigned Seating, Overnight Flights
Southwest Airlines (LUV) is abandoning its longtime policy of open seating, announcing plans Thursday "to assign seats and offer premium seating options to meet evolving Customer preferences and increase revenue opportunities."
Southwest (LUV) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for Southwest (LUV) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Big changes at Southwest Airlines include assigned seats, premium legroom, and red-eye flights
Southwest Airlines is undertaking a strategic transformation to improve customer experience, boost financial performance, and drive shareholder value. The initiative includes significant changes, including assigned seating, premium seating options, and the introduction of red-eye flights.
Southwest Airlines (LUV) Beats Q2 Earnings and Revenue Estimates
Southwest Airlines (LUV) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $1.09 per share a year ago.
Southwest profit falls 46% as airline takes 'urgent' steps to increase revenue
Southwest forecast an increase of as much as 13% in non-fuel costs for the third quarter. The carrier plans to start assigning seats and offering an extra-legroom product to increase sales.
Southwest Airlines to move ahead with assigned seating and premium seating options
Southwest Airlines Co. LUV, -2.10% said Thursday it will move ahead with plans to assign seats and offer premium seating options, redesign its boarding model and introduce redeye flying. It's a big departure for the airline, which had said it was reviewing ending its hallmark open-seating policy in April, when it posted a bigger-than-expected loss for the first quarter and revenue that lagged estimates.
Southwest Airlines Is Ditching Open Seating on Flights
Southwest Airlines will soon assign seats on flights and sell some with extra legroom, making sweeping changes in a bid to broaden its appeal to passengers and boost revenue.
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
Southwest plans to offer pricier seats with extra legroom and end open seating on its planes. The shifts are the most major in Southwest's more than five decades of flying.
Southwest Airlines Faces FAA Review After Recent Incidents
Southwest Airlines (LUV) is facing a safety review from the Federal Aviation Administration, the company confirmed Tuesday, following a series of incidents in recent months.
FAA Launches Audit of Southwest Airlines After Close Calls
U.S. air-safety regulators are launching an audit of Southwest Airlines LUV -1.81%decrease; red down pointing triangle after a string of recent close calls and other incidents.
Feds probe after Southwest jet dipped as low as 150 feet above water near Tampa
Federal officials are investigating an incident in which a Southwest Airlines jet flew as low as 150 feet over water while it was still about five miles from its intended landing spot at the airport in Tampa, Fla.
