Southwest Airlines expects slower pace of cost increases, but inflation persists
Southwest Airlines said Thursday that it faces higher costs in 2025 as inflation persists, but it managed to swing to a fourth-quarter profit due to a boost from lower fuel prices.
Southwest Airlines Profit Exceeds Expectations on Improved Pricing Power
The airline also forecast better-than-expected unit revenue (RASM), a proxy for pricing power, for the first quarter. Airlines across the U.S. have cut seating to boost fares after a surplus capacity, introduced last summer in anticipation of a demand surge, forced airlines to offer discounts and sacrifice margins.
Southwest Airlines makes a harsh cost-cutting move
In the midst of the airline’s financial woes, the company just revealed that it will be making some major changes in an effort to cut costs. According to a new report from CNBC, Southwest Airlines is putting a freeze on corporate hiring and promotions.
Southwest Airlines Costs Set to Climb, Muting Strong Demand
Southwest Airlines Co. warned that costs will climb faster than expected as it grapples with heavy labor expenses, undercutting gains from strong demand for leisure travel.
Southwest Airlines swings to a profit as fuel costs drop
Southwest Airlines said Thursday it swung to a fourth-quarter profit of 42 cents a share from a year-ago loss of 42 cents a share, as overall expenses fell on lower fuel costs. Southwest’s stock fell 2.
Southwest Airlines CEO on American Airlines crash in DC: 'Our hearts go out'
Southwest's CEO Bob Jordan said "our hearts go out" to people on the American Airlines flight involved in Wednesday night’s ...
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Southwest Encourages Higher Boeing Production Rates To Monetize Its Fleet
Management at Southwest Airlines says higher production levels at Boeing will allow it to accelerate a fleet monetization ...
Southwest Airlines Posts Record Revenue. Why Investors Wanted More.
Southwest Airlines stock was falling on Thursday after the carrier’s fourth-quarter revenue and forward guidance both came in ...
Southwest Airlines Will Begin Premium Cabin Retrofits "Mid-Year"
The airline will begin installing the new interiors on its Boeing 737-800s once the modifications have been approved by the ...
Southwest Airlines: Mixed Q4 Results and Cost Pressures Justify Hold Rating Amid Capital Expenditure Concerns
Bernstein analyst David Vernon has maintained their neutral stance on LUV stock, giving a Hold rating on January 17.Invest with Confidence: ...
Southwest Airlines pilot arrested just before takeoff and accused of DUI
A Southwest Airlines pilot suspected of being drunk was removed from the cockpit and arrested just before takeoff Wednesday at a Georgia airport, according to airline officials and authorities in the ...
Southwest Airlines gets revenue boost on leisure travel, but labor costs weigh on outlook
A downbeat outlook tarnished an otherwise strong quarter for Southwest, which topped profit estimates on robust holiday travel.
LUV Earnings: Southwest Airlines Stock Slips on Mixed Q4 Results
Southwest Airlines (LUV) stock is down today despite the air travel company beating Q4 2024 profit estimates. The company’s earnings per share ...
Helicopter and plane collision in DC is 1st major accident with US commercial airliner in 16 years
The collision between a passenger flight and an Army helicopter near Washington, D.C., on Jan. 29 marks the first fatal disaster involving a U.S. commercial airliner in 16 years.
Southwest Airlines to shift pilots out of Denver, Atlanta
Dallas-based Southwest Airlines is shifting about 270 pilots from key bases in Denver and Atlanta while bulking up its ...