DALLAS, July 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has new flights available for booking today as the carrier continues responding to Customer demand and preferences with additional service around popular events in Southwest® destinations, as well as redeye operations for the first time. Flexibility for Football After expanding our college football and professional football playbooks, Southwest Airlines®—the Official Airline of the Southeastern Conference—is kicking off additional roun ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Deutsche Bank analyst Scott Deuschle downgraded the rating for L3Harris Technologies, Inc. LHX from Buy to Hold, but increased the price target from $245 to $257. L3Harris Technologies shares gained 2.6% to settle at $243.27 on Thursday. See how other analysts view this stock. See how other analysts view this ...

A convincing bottom-line beat and notable strategic change excited investors about the company's future.One of the winners on the stock exchange Thursday was Southwest Airlines (LUV 5.52%). The ever-scrappy carrier's share price had plenty of lift, with investors sending it up by more than 5% following an estimate-beating quarterly earnings report.An announcement of certain changes in operating strategy also helped. That 5%-plus gain contrasted with the S&P 500 index, which slumped to close 0.5% lower on th ...

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: Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "Our second quarter performance was impacted by both external and internal factors and fell short of what we believe we are capable of delivering. The Southwest Airlines Board of Directors, our Leadership Team, and I ...

Core Insights - Southwest Airlines is making significant changes to its business model, including ending open seating and introducing extra legroom seats, in response to pressure to increase revenue [1][2] - The airline plans to start selling flights with extra legroom in 2025 and will also introduce overnight flights [1] - The changes come after activist investor Elliott Investment Management acquired a nearly $2 billion stake in the airline and called for new leadership due to underperformance compared to competitors [1] Group 1 - Southwest Airlines has historically maintained a simple business model that has generated steady profits for over five decades [2] - The CEO of Southwest Airlines, Bob Jordan, indicated that the lack of assigned seating was manageable when flights were less full [2] - Analysts have criticized Southwest for its slow adaptation to market changes, noting that rival airlines have already implemented various upselling options [2] Group 2 - More details regarding the upcoming changes will be provided by Southwest Airlines during an investor day at the end of September [2]

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 ...