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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 | |
---|---|---|---|---|---|---|---|---|
0.71 | 2.77% | 26.38 | 26.46 | 25.715 | 26.00 | 14,758,269 | 00:30:38 |
Texas
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1-7259
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74-1563240
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_____________________
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_____________
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______________
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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P. O. Box 36611, Dallas, Texas
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75235-1611
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_________________________________
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___________
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(Address of principal executive offices)
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(Zip Code)
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•
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The Company previously communicated an estimated negative revenue impact in the $10 million to $15 million range for January 1st through 23rd related to the government shutdown. Since then, the Company has continued to experience softness in passenger demand and bookings as a result of the government shutdown. As a result, the Company now estimates the negative revenue impact to first quarter 2019 to be approximately $60 million. Aside from this impact, the Company has continued to experience strength in year-over-year close-in yields, thus far in first quarter 2019. Based on current bookings and yield trends, the Company now expects its first quarter 2019 operating revenue per available seat mile (RASM, or unit revenues) to increase in the three to four percent range, year-over-year. This compares with the Company's previous first quarter 2019 RASM guidance of a year-over-year increase in the four to five percent range.
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SOUTHWEST AIRLINES CO.
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February 20, 2019
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By:
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/s/ Tammy Romo
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Tammy Romo
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Executive Vice President & Chief Financial Officer
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(Principal Financial and Accounting Officer)
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1 Year Southwest Airlines Chart |
1 Month Southwest Airlines Chart |
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