Southwest Airlines ended a bitter boardroom battle with Elliott Investment Management on Thursday in a deal that will put half a dozen new directors on the carrier’s board to oversee its planned turnaround.The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber outage in July.As part of the deal, CEO Bob Jordan will retain his job but Executive Chairman Gary Kelly will leav ...

Southwest Airlines (LUV) reported $6.87 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.3%. EPS of $0.15 for the same period compares to $0.38 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.8 billion, representing a surprise of +1.08%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.05.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Key TakeawaysSouthwest Airlines announced a resolution to its discussions with activist investor Elliott Investment Management that adds six new directors to the company's board.The carrier also reported third-quarter results that came in better than expected on the top and bottom lines.Southwest also plans to buy back $250 million in stock in the fourth quarter after announcing a new $2.5 buyback program last month. Southwest Airlines (LUV) announced a settlement with Elliott Investment Management Thursday ...

Southwest Airlines (LUV) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this airline would post earnings of $0.50 per share when it actually produced earnings of $0.58, delivering a surprise of 16%.Over the last four quarters, the company has ...

Reconstituted Board to Select a New Independent ChairGregg Saretsky to Chair Refreshed Finance CommitteeCompany Enters Into Cooperation and Information Sharing Agreements with ElliottDALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today announced the appointments of David Cush, Sarah Feinberg, Dave Grissen, Gregg Saretsky and Patricia Watson as independent directors of the Board in connection with Cooperation and Information Sharing Agreements (the "Ag ...

A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024.Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier workers to drum up revenue and fend off activist investor Elliott Investment Management.The Dallas-based carrier on Thursday forecast unit revenue for the fourth quarter up 3.5% to 5.5% on a 4% drop in capacity compared with a year ago. It said costs, e ...

DALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2024 financial results:Net income of $67 million, or $0.11 per diluted shareNet income, excluding special items1, of $89 million, or $0.15 per diluted shareRecord third quarter operating revenues of $6.9 billionLiquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billionAnnounced a $250 million accelerated share repurchase program under the Company's $2.5 billion share ...

SOUTHWEST AIRLINES REPORTS THIRD QUARTER 2024 RESULTS DALLAS, TEXAS - October 24, 2024 - Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2024 financial results: • Net income of $67 million, or $0.11 per diluted share 1 • Net income, excluding special items , of $89 million, or $0.15 per diluted share • Record third quarter operating revenues of $6.9 billion 2 • Liquidity of $10.4 billion, well in excess of debt outstanding of $8.0 billion • Announced a $250 million accele ...

A Southwest Airlines Boeing 737 jet departs from San Diego International Airport en route to St. Louis on August 24, 2024 in San Diego, California.Activist investor Elliott Investment Management and Southwest Airlines are close to a settlement deal that would give the dissident sizable representation on the company's board, according to a person familiar with the matter.The settlement could be announced as soon as Thursday, said the person. A spokesperson for Southwest did not immediately return requests fo ...

DALLAS, Oct. 23, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2024 financial results. Details are as follows:When: Thursday, October 24, 2024 at 12:30 PM Eastern Time Who: Bob Jordan, President and Chief Executive Officer Andrew Watterson, Chief Operating Officer Tammy Romo, Executive Vice President and Chief Financial Officer Web Address: http://www.southwestairlinesinvestorrelations.com/ To access the live audio webcast and subsequen ...