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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)
05/19/201616:57:20Current 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)
05/06/201610:27:08Securities Registration: Employee Benefit Plan (s-8)
05/06/201606:02:51Quarterly Report (10-q)
05/05/201616:30:12Current Report Filing (8-k)
05/05/201616:10:00The St. Joe Company Reports First Quarter 2016 Results
04/06/201606:03:36Additional Proxy Soliciting Materials (definitive) (defa14a)
04/06/201606:03:35Proxy Statement (definitive) (def 14a)
04/05/201617:28:50Initial Statement of Beneficial Ownership (3)
03/22/201616:06:51Current Report Filing (8-k)
03/22/201616:05:00The St. Joe Company Announces Susan Mermer As New Chief Accounting...
03/04/201606:03:08Notice of Effectiveness (effect)
03/03/201606:02:56Securities Registration Statement (simplified Form) (s-3/a)
03/02/201618:05:19Current Report Filing (8-k)
03/02/201617:28:00The St. Joe Company Reports Fourth Quarter and Full Year 2015...
02/16/201615:38:43Amended Statement of Ownership (sc 13g/a)
02/10/201614:45:07Amended Statement of Ownership (sc 13g/a)
02/10/201614:07:10Statement of Ownership (sc 13g)

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