Quality issues at Boeing (BA -4.58%) are wreaking havoc on the aerospace giant's customers, causing airlines to rethink their growth plans. Shares of Southwest Airlines (LUV -14.52%) were down 14% as of 11:30 a.m. ET after the company said it was trimming capacity and reevaluating its financial forecasts for the year.No planes, no growthBoeing investors have been taken on a turbulent ride in recent years, and the company's customers have not been treated much better. Boeing has been plagued by design and qu ...

Shares of Southwest Airlines Co (NYSE:LUV) are 7.9% lower before the bell, after the airliner adjusted its full year 2024 guidance lower. In a statement, Southwest Airlines said it was "reevaluating all prior full year 2024 guidance, including the expectation for capital spending" amid delayed deliveries from embattled Boeing (BA). In addition to expectations of flat to a no more than 2% rise in revenue, the company also showed weaker-than-expected leisure bookings for the first quarter. On the charts, LUV ...

In the latest trading session, Southwest Airlines (LUV) closed at $33.96, marking a -0.9% move from the previous day. This change lagged the S&P 500's daily gain of 0.8%. At the same time, the Dow added 0.23%, and the tech-heavy Nasdaq gained 1.14%.Shares of the airline witnessed a gain of 13.55% over the previous month, beating the performance of the Transportation sector with its gain of 5.14% and the S&P 500's gain of 5.2%.The upcoming earnings release of Southwest Airlines will be of great interest to i ...

DALLAS, Feb. 28, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announces the launch of Southwest Airlines Renewable Ventures (SARV), a wholly-owned subsidiary of Southwest Airlines® dedicated to creating more opportunities for Southwest to obtain scalable sustainable aviation fuel (SAF), a critical component in the success of the carrier's goal to replace 10% of its total jet fuel consumption with SAF by 2030. The carrier also announces a $30 million investment in LanzaJet, Inc., a SAF techn ...

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Sweepstakes winners can enjoy a unique eclipse experience with air travel and hotel stays DALLAS, Feb. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV), in partnership with Omni Hotels & Resorts, announce a Solarbration sweepstakes with a chance for two lucky winners and their guest to receive a total eclipse experience*. Beginning today through March 11, 2024, enthusiasts can visit www.eclipsesweepstakes.com and enter for a chance to win a prize package that includes air travel on a flight predi ...

DALLAS, Feb. 22, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) is proud to announce its score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index (CEI), the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.   It's the airline's ninth consecutive year to earn a top score on the CEI—underscoring the Company's dedication to LGBTQ+ equality. Southwest Airlines® joins 545 major U.S. businesses ...

Southwest Airlines Co.’s (LUV) top line is benefiting from continued recovery in air-travel demand (mainly on the leisure front). Continued recovery in air-travel demand (mainly on the leisure front) bodes well for Southwest Airlines. In the fourth quarter of 2023, air traffic, measured in revenue passenger miles, increased 13.7% year over year to 35.58 billion. Capacity or available seat miles (ASMs) climbed 21.4% year over year to 45.51 billion. Load factor (percentage of seats filled by passengers) came ...

Core Insights - Southwest Airlines continues its partnership with Luck Reunion, an exclusive music festival, emphasizing its commitment to supporting emerging artists and engaging with music fans [1][2] - The On The Rise to Luck program allows music fans to vote for their favorite emerging artists, with the winner performing at the festival [3] - A sweepstakes is being held for fans to win a VIP package to attend the festival, showcasing Southwest's promotional efforts [4] Company Initiatives - The On The Rise program received over 80 submissions from music acts, with finalists including Victoria Bigelow, Lou Hazel, and Jobi Riccio [3] - The sweepstakes offers a VIP package valued at approximately $3,800, including round trip air travel, festival tickets, hotel accommodations, and a gift card [4][6] - Southwest Airlines has been an official partner of Luck Reunion since 2017, creating unique experiences for festival attendees each year [5] Industry Context - Southwest Airlines operates one of the most admired airlines globally, known for its low-cost and reliable air travel, serving 121 airports across 11 countries [7][8] - The airline has maintained a record of no involuntary furloughs or layoffs, emphasizing its employee-first corporate culture [8] - In 2023, Southwest Airlines carried over 137 million customers, contributing to its 47 consecutive years of profitability [8]

"The Safety-first work to support a continuous renewal of our fleet benefits our entire network and the community," said Andrew Watterson, Chief Operating Officer at Southwest Airlines. "Investing in our Arizona-based People by equipping them with the latest tools, enhanced processes, and functional spaces is one of the most impactful investments we can make at Southwest Airlines and our future in Phoenix." The expanded hangar has also achieved Leadership in Energy and Environmental Design (LEED) Silver cer ...