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 ...

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 ...

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Southwest Airlines Co. (NYSE: LUV) on behalf of long-term stockholders following a class action complaint that was filed against Southwest Airlines on January 12, 2023 with a Class Period from June 13, 2020 to December 31, 2022. Our investigation concerns whether the board of directors of Southwest Airlines have breached their fiduciary dutie ...

Southwest Airlines Co. (LUV) is scheduled to report second-quarter 2024 results on Jul 25.Southwest Airlines has surpassed the Zacks Consensus Estimate in two of the preceding four quarters, the average beat being 57.85%. However, the company missed the Zacks Consensus Estimate in one quarter and met the mark in the remaining quarter.Let’s see how things have shaped up for Southwest Airlines this earnings season.Q2 ExpectationsThe Zacks Consensus Estimate for LUV’s second-quarter 2024 revenues is pegged at ...