Southwest Airlines Co. (LUV)
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.
Southwest is making big route changes as it prepares to reveal new details of its turnaround plan
Southwest Airlines is cutting unprofitable routes and reducing its presence in Atlanta. The airline faces pressure from an activist investor to boost revenue and cut costs.
Southwest Airlines' investor day: 3 things to know ahead of ‘pivotal' event
Thursday's investor day comes as Southwest struggles to return to profitability and faces heated investor activism.
Southwest Airlines announces major cost cuts: is it time to buy LUV?
Southwest Airlines Co (NYSE: LUV) is in focus this morning after announcing plans of shrinking its service to and from Atlanta. The move will enable the air carrier to lower costs as it cuts as many as 200 flight attendants and 140 pilots in the capital of Georgia next year.
