An Updated Outlook and a Stock Buyback Plan Send Southwest Soaring
Shares of Southwest Airlines (LUV) jumped Thursday as it announced a $2.5 billion stock buyback program and provided a positive update to its third-quarter and full fiscal year outlook.
Southwest's $4 billion earnings bet is a stretch: Jefferies' Sheila Kahyaoglu
Sheila Kahyaoglu, Jefferies aerospace and defense analyst, joins CNBC's 'Money Movers' to discuss Southwest's investor day, the carrier's updated plans and guidance, and more.
Southwest Airlines Soars on Improved Revenue Outlook, Stock Buybacks
Southwest Airlines stock is higher after the air carrier announced several initiatives, including a big share repurchase program. Here's what you need to know.
Southwest Airlines soars on improved guidance, share buyback plan
Southwest Airlines Co (NYSE:LUV) shares gained more than 10% after the airline raised its third quarter forecast for revenue per available seat mile and announced a $2.5 billion share repurchase program. The airline now expects revenue per available seat mile, which reflects pricing power, to increase between 2% to 3% in Q3, compared with its earlier expectation of flat to 2% growth.
Southwest Stock Eyes Best Day Since 2020
Southwest Airlines Co (NYSE:LUV) stock is driving the New York Stock Exchange (NYSE) higher today, last seen up 10.3% to trade at $31.33.
Southwest raises revenue outlook, reveals changes under pressure from activist hedge fund Elliott
The company says its business plan will rake in an additional $4 billion in earnings before interest and taxes by 2027.
Southwest Airlines' stock surges after revenue outlook raised, buybacks resumed
Southwest Airlines' stock surged Thursday after the air carrier raised its revenue outlook and indicated it would resume stock repurchases for the first time in more than four years.
Southwest Raises Revenue Forecast, Plans Share Buyback in Activist Battle
The airline's first flights with assigned seats are scheduled to take off in 2026, among a series of radical changes Southwest is making to its model.
Southwest Airlines raises summer revenue forecast, authorizes $2.5 billion in share buybacks
CNBC's Phil LeBeau joins 'Squawk Box' with the latest news.
Southwest raises summer revenue forecast
Southwest Airlines raised its third-quarter revenue forecast on Thursday and detailed a host of changes to its business model. The carrier also said it would add Robert Fornaro, who previously led Spirit Airlines, to its board of directors.
Southwest Airlines to outline strategy to fix its profitability problem
Southwest Airlines will lay out a strategy on Thursday to turn around its business and restore profit margins to pre-pandemic levels as the U.S. carrier faces pressure from an activist investor to shake up its management.
Southwest Informs Employees of Cuts To Atlanta Operations
Southwest Airlines (LUV) is set to hold its annual investor day Thursday, and sent a memo to employees notifying them of at least one planned change that could be announced during the event: a reduction in flights and staffing to and from Atlanta starting next year.
