We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Southwest Airlines Co | NYSE:LUV | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.25 | 4.78% | 27.40 | 27.58 | 26.22 | 26.25 | 10,800,907 | 23:55:00 |
Texas
|
1-7259
|
74-1563240
|
_____________________
|
_____________
|
______________
|
(State or other jurisdiction
|
(Commission
|
(I.R.S. Employer
|
of incorporation)
|
File Number)
|
Identification No.)
|
P. O. Box 36611, Dallas, Texas
|
75235-1611
|
_________________________________
|
___________
|
(Address of principal executive offices)
|
(Zip Code)
|
•
|
The Company canceled approximately 2,800 flights due to the impact from Hurricane Harvey.
|
•
|
The Company now expects its third quarter 2017 operating revenue per available seat mile (RASM) to be in the range of down one percent to slightly up, as compared with third quarter 2016. The change in guidance is primarily attributable to the current industry revenue environment and weakness in revenue passenger yields.
|
•
|
Based on current cost trends and excluding fuel and oil expense, special items, and profitsharing expense, the Company continues to expect its third quarter 2017 unit costs to increase in the two to three percent range
1
, year-over-year.
|
•
|
Based on the Company’s fuel derivative contracts and market prices as of September 1, 2017, the Company now expects its third quarter 2017 economic fuel costs to be in the $2.00 to $2.05 per gallon range
2
.
|
•
|
With the impact of Hurricane Harvey, the Company now expects its third quarter 2017 available seat miles (capacity) to increase in the 3.5 to 4.0 percent range, year-over-year. The Company continues to expect its fourth quarter 2017 capacity to increase in the one to two percent range, year-over-year. While the Company has not finalized its 2018 capacity plans, it continues to expect year-over-year available seat mile (ASM) growth in first half 2018 to be less than four percent, and its full year 2018 year-over-year ASM growth to be less than its 2016 year-over-year ASM growth of 5.7 percent.
|
•
|
The Company continues to estimate its 2017 capital expenditures will be approximately $2.3 billion, with approximately $1.4 billion in aircraft spending.
|
•
|
The Company initiated a $300 million accelerated share repurchase program on August 1, 2017 and currently has $1.7 billion remaining under its current authorization.
|
|
SOUTHWEST AIRLINES CO.
|
|
|
|
|
September 6, 2017
|
By
|
/s/ Tammy Romo
|
|
|
|
|
|
Tammy Romo
|
|
|
Executive Vice President & Chief Financial Officer
|
|
|
(Principal Financial and Accounting Officer)
|
|
|
|
|
|
|
1 Year Southwest Airlines Chart |
1 Month Southwest Airlines Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions