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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; [email protected]

Stock News for St Joe (JOE)
03/14/201716:08:32Current Report Filing (8-k)
03/02/201717:31:49Annual Report (10-k)
03/02/201716:27:11Current Report Filing (8-k)
03/02/201716:19:00The St. Joe Company Reports Fourth Quarter and Full Year 2016...
02/14/201718:53:00The St. Joe Company & the Bay Economic Development Alliance Welcome...
02/13/201714:43:55Amended Statement of Ownership (sc 13g/a)
02/13/201714:41:45Amended Statement of Ownership (sc 13g/a)
01/17/201712:53:53Amended Statement of Ownership (sc 13g/a)
12/29/201606:03:40Current Report Filing (8-k)
11/03/201617:29:47Quarterly Report (10-q)
11/03/201616:18:41Current Report Filing (8-k)
11/03/201616:08:00The St. Joe Company Reports Third Quarter 2016 Results
08/03/201616:24:34Quarterly Report (10-q)
08/03/201616:13:50Current Report Filing (8-k)
08/03/201616:05:00The St. Joe Company Reports Second Quarter 2016 Results
06/28/201617:30:31Annual Report of Employee Stock Plans (11-k)
05/19/201616:57:20Current Report Filing (8-k)
05/18/201617:54:46Statement of Changes in Beneficial Ownership (4)
05/18/201617:51:41Statement of Changes in Beneficial Ownership (4)
05/18/201617:47:23Statement of Changes in Beneficial Ownership (4)

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