SOUTHWEST AIRLINES CO (LUV)


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April 24, 2024


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About the Company

Southwest Airlines Co. is a major airline in the United States that operates on a low-cost carrier model. It is headquartered in Love Field, Dallas, Texas, within the Dallas–Fort Worth metroplex, and has scheduled service to 121 destinations in the United States and 10 additional countries. As of 2018, Southwest carried more domestic passengers than any other United States airline. It is currently the third largest airline in North America based on passengers flown. The airline was established on March 9, 1967, by Herb Kelleher and Rollin King as Air Southwest Co. and adopted its current name, Southwest Airlines Co., in 1971, when it began operating as an intrastate airline wholly within the state of Texas, first flying between Dallas, Houston, and San Antonio. It began regional interstate service in 1979, expanding nationwide in the following decades. Southwest currently serves airports in 42 states and multiple Central American destinations. Southwest's business model is distinct from other US airlines as it uses a rolling hub and point-to-point network and allows free checked baggage. It exclusively uses Boeing 737 jets in its fleet. The airline has nearly 66,100 employees and operates about 4,000 departures a day during peak travel season.

Sector

Energy & Transportation

Industry

Air Transportation, Scheduled

Employees

33041

Exchange

NYSE

$6B

Total Revenue

33K

Employees

$17B

Market Capitalization

34.48

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $LUV News

Southwest Airlines slumps after posting larger-than-anticipated Q1 loss

on MSN ago, source:

Southwest Airlines Co. (NYSE:LUV) fell in early trading on Thursday after the airline company posted a slightly wider loss ...

Southwest Airlines Co (LUV) Reports Q1 2024 Earnings: Misses Analyst Forecasts Amidst ...

20h ago, source:

Southwest Airlines, recognized as the largest domestic air carrier in the U.S. by passengers boarded, operates over 700 ...

Southwest cutting service to 4 airports after reporting quarterly loss. American posts loss, too.

12h ago, source:

Dallas-based Southwest Airlines is the largest carrier at San Antonio International Airport. American Airlines is No. 2 there ...

Southwest continues belt-tightening

1h ago, source:

Southwest is now set to get 20 Boeing 737 Max 8 planes in 2024, down from 46 previously, the airline said in a statement ...

Southwest Airlines Co (LUV) (Q1 2024) Earnings Call Transcript Highlights: Record Revenues and ...

44m ago, source:

Southwest achieves unprecedented first-quarter revenues and passenger numbers, while navigating operational changes and planning for future expansions.

Southwest Air is considering ditching unassigned seating

14h ago, source: Crain's Cleveland Business

Southwest Airlines Co. may ditch open seating, a classic hallmark of its business model, to offer assigned spots and premium ...

Southwest Airlines' Record Passenger Numbers Overshadowed By Q1 Earnings Slump And Boeing Setbacks

on MSN ago, source:

Southwest Airlines reports Q1 results with revenue increase of 10.9%, missing consensus. Adjusted EPS down, operating loss ...

Southwest Airlines' Fuel Cost Steady Despite Higher Use -- OPIS

16h ago, source: MarketWatch

Southwest Airlines revealed first-quarter 2024 earnings Thursday morning ... This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run ...

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