WEST PALM BEACH, Fla., July 25, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest") and its revenue enhancement initiatives:Southwest's announcement of revenue-enhancement initiatives, purporting to offer assigned seating, premium-seating options and redeye flights, comes more than a decade late, and after a 50% decl ...

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 - JPM ...

Key TakeawaysSouthwest Airlines is abandoning its longtime policy of open seating, announcing plans Thursday "to assign seats and offer premium seating options" amid a push to "increase revenue opportunities."The airline also said it will start operating overnight flights starting in February 2025.Southwest has been under pressure in recent months from activist investors to focus on revenue-generating efforts. Southwest Airlines (LUV) is abandoning its longtime policy of open seating, announcing plans Thurs ...

Southwest Airlines (LUV) reported $7.35 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.5%. EPS of $0.58 for the same period compares to $1.09 a year ago.The reported revenue represents a surprise of +0.41% over the Zacks Consensus Estimate of $7.32 billion. With the consensus EPS estimate being $0.50, the EPS surprise was +16.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16%. A quarter ago, it was expected that this airline would post a loss of $0.34 per share when it actually produced a loss of $0.36, delivering a surprise of -5.88%. Over the last four quarters, the company has ...

SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2024 RESULTS DALLAS, TEXAS - July 25, 2024 - Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its second quarter 2024 financial results: • Net income of $367 million, or $0.58 per diluted share 1 • Net income, excluding special items , of $370 million, or $0.58 per diluted share • Record quarterly operating revenues of $7.4 billion • Liquidity of $11.0 billion, well in excess of debt outstanding of $8.0 billion 2 Bob Jordan, President, Chief Executi ...

Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying.Southwest plans to start selling the first flights that will offer extra legroom in 2025. The airline also plans to start overnight flights.Southwest executives have said for years that they were studying such changes and hinted in April that it was seriously considering assigning seat ...

Southwest continually reviews Customer expectations. During its quarterly financial results in April, the airline shared that it was studying product preferences and expectations, including onboard seating. In addition to meeting Customer demand, the new amenities are expected to produce additional revenue and strengthen financial performance. Southwest will provide more details on its comprehensive plan to deliver transformational commercial initiatives, improved operational efficiency and capital allocati ...

Key TakeawaysThe FAA has launched a safety review of Southwest Airlines following a series of incidents in recent months.The airline said it is working closely with the FAA to review events. It also said it has created a team of "experts and leaders" to conduct an analysis. Southwest is set to report its latest quarterly results later this week. Southwest Airlines (LUV) is facing a safety review from the Federal Aviation Administration, the company confirmed Tuesday, following a series of incidents in rece ...

Airline offers travelers ease and flexibility as they experience America's parks Summer of Go Sweepstakes offers prize to Bozeman, Mont., near Yellowstone National Park Customers on select flights will receive special giveaways to celebrate the new partnership DALLAS, July 23, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announces a partnership with the National Park Foundation, the official charitable partner of the National Park Service dedicated to protecting and enhancing America's national ...