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Southwest Air In JV With St. Joe For New Service

By Doug Cameron Of DOW JONES NEWSWIRES CHICAGO -(Dow Jones)- Southwest Airlines Co. (LUV) said Wednesday that it would be the launch carrier for a new privately developed airport in Florida. The airport is being developed by The St. Joe Company (JOE), one of Florida's largest landowners. St. Joe shares were recently up 7.3% at $28.88. Southwest, the largest U.S. domestic carrier by traffic, will start flying to four cities from the Northwest Florida-Panama City International Airport when it opens in May 2010. Southwest added four new cities this year and is continuing to expand service through efficiency gains despite slowing its expansion plans amid the industrywide slump in traffic. Gary Kelly, Southwest's chairman and CEO, said at a press conference that the Florida Panhandle region attracts 16 million visitors a year, most of whom travel by car. St. Joe will "effectively subsidize" the service for three years, he said, with both companies being able to walk away from the deal after two years. -By Doug Cameron, Dow Jones Newswires; 312-750-4135;

Stock News for St Joe (JOE)
11/24/201506:01:39Current Report Filing (8-k)
11/19/201516:34:00The St. Joe Company Announces Retirement of Jeff Keil, Successor...
11/05/201516:09:07Current Report Filing (8-k)
11/05/201516:05:00The St. Joe Company Reports Third Quarter 2015 Results & Announces...
10/27/201516:12:00The St. Joe Company Announces Settlement of SEC Investigation
10/23/201517:30:44Current Report Filing (8-k)
09/30/201516:55:01Amended Statement of Beneficial Ownership (sc 13d/a)
09/28/201516:29:50Amended Tender Offer Statement by Issuer (sc To-i/a)
09/28/201507:00:00The St. Joe Company Announces Final Results of Tender Offer
09/23/201514:50:59Amended Tender Offer Statement by Issuer (sc To-i/a)
09/23/201507:45:00The St. Joe Company Announces Preliminary Results of Tender Offer
09/17/201509:10:00Financial Sector Equities under Review -- Brandywine Realty Trust...
09/02/201512:22:46Amended Tender Offer Statement by Issuer (sc To-i/a)
08/24/201506:07:48Tender Offer Statement by Issuer (sc To-i)
08/21/201522:36:00The St. Joe Company Announces Tender Offer for Shares of Its...
08/06/201518:32:03Quarterly Report (10-q)
08/06/201516:07:27Current Report Filing (8-k)
08/06/201516:05:00The St. Joe Company Reports Second Quarter 2015 Results
07/07/201512:24:01Current Report Filing (8-k)
07/02/201512:23:04Statement of Changes in Beneficial Ownership (4)

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