An Updated Outlook and a Stock Buyback Plan Send Southwest Soaring

Key TakeawaysSouthwest Airlines shares surged Thursday as the airline adjusted its third-quarter and full-year projections, and announced a $2.5 billion stock buyback program.The announcements preceded the start of Southwest's Investor Day on Thursday.The airline has faced pressure in recent months from activist investor Elliott Investment Management to make revenue-generating adjustments and to change its executive leadership. Shares of Southwest Airlines (LUV) jumped Thursday as it announced a $2.5 billio ...