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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)
05/20/201517:21:33Additional Proxy Soliciting Materials (definitive) (defa14a)
05/19/201517:01:36Proxy Statement (definitive) (def 14a)
05/08/201506:10:48Quarterly Report (10-q)
05/07/201516:11:55Current Report Filing (8-k)
05/07/201516:05:00The St. Joe Company Reports First Quarter 2015 Results
04/30/201518:05:32Amended Annual Report (10-k/a)
04/22/201517:04:33Current Report Filing (8-k)
03/04/201514:20:00Forbes Travel Guide Awards Four-Star Ratings to Two St. Joe Club...
03/02/201510:12:43Initial Statement of Beneficial Ownership (3)
03/01/201505:02:23Some Companies Are More Wonderful Than Others
02/27/201514:47:13Initial Statement of Beneficial Ownership (3)
02/27/201506:11:45Annual Report (10-k)
02/26/201518:05:15St Joe Co. reports Q4 results
02/26/201517:10:00The St. Joe Company Reports Fourth Quarter and Full Year 2014...
02/18/201506:01:00Amended Statement of Ownership (sc 13g/a)
02/17/201512:50:05Amended Statement of Ownership (sc 13g/a)
02/11/201506:01:02Amended Statement of Ownership (sc 13g/a)
01/26/201519:49:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...
01/26/201516:53:09Current Report Filing (8-k)
01/09/201516:46:21Amended Statement of Ownership (sc 13g/a)

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