ADVFN - Advanced Financial Network.
HOME» NYSE » S » LUV Stock Price » LUV Stock News

Southwest Airlines Share News

 Southwest Airlines Stock Price
LUV Stock Price
 Southwest Airlines Stock Chart
LUV Stock Chart
 Southwest Airlines Stock News
LUV Stock News
 Southwest Airlines Company Information
LUV Company Information
 Southwest Airlines Stock Trades
LUV Stock Trades

Southwest Airlines 2Q Net Jumps 44% On Higher Traffic, AirTran Results

DOW JONES NEWSWIRES Southwest Airlines Co.'s (LUV) second-quarter earnings jumped 44% as results benefited from the acquisition of low-cost rival AirTran and higher traffic, although fuel costs jumped sharply higher. Many airlines reported weaker bottom-line results for the latest quarter due to a double-digit increase in fuel costs. Traffic has broadly improved, however, as air-travel demand continues to climb. Southwest has reported a streak of strong monthly traffic increases. The latest results included Southwest's purchase of AirTran, a deal that gives the carrier access to Atlanta--AirTran's major operating hub and the one major U.S. city Southwest didn't already serve. It also gives Southwest access to Mexican and Caribbean destinations. Southwest reported earnings of $161 million, or 21 cents a share, up from $112 million, or 15 cents a share, a year earlier. Excluding fuel hedging and other impacts, adjusted earnings slid to 15 cents from 29 cents. Revenue jumped 31% to $4.14 billion. Analysts surveyed by Thomson Reuters expected a per-share profit of 20 cents on revenue of $4.16 billion. Traffic jumped 28% as capacity increased 23%. Load factor, or the percentage of available seats filled, grew to 82.3% from 79.3%. Passenger revenue per available seat mile, an important measure of revenue for airlines, grew 4.1%. Per-gallon fuel costs were 38% higher than a year ago. Shares closed at $9.65 Wednesday and were inactive premarket. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Southwest Airlines (LUV)
10/20/201617:40:00Alaska Air, Virgin America Cool Their Jets as They Await Deal's...
10/20/201606:30:00Southwest Airlines to Discuss Third Quarter 2016 Financial Results...
10/17/201618:40:00United's Revenue Declines on Passenger Fare Weakness
10/13/201610:16:00Southwest Airlines To Begin Cuba Service Nonstop From Ft. Lauderdale...
10/12/201617:00:00Southwest Airlines Adds New California Flights With Nonstop Service...
10/12/201612:58:00Southwest Airlines Tees Up To Donate $625,000 To Children's Charities...
10/12/201601:20:00Crisis Tests Samsung Heir Apparent
10/11/201610:10:00United, American Say Unit Revenue Better Than Expected
10/11/201610:03:15Current Report Filing (8-k)
10/11/201606:30:00Southwest Airlines Reports September Traffic
10/10/201619:33:00Southwest Airlines Reaches Contract Extension For Appearance...
10/10/201618:50:00Samsung's Reputation Takes a Hit as Incidents Mount
10/09/201621:50:00AT&T Won't Replace Galaxy Note 7s After New Fire Reports
10/09/201618:16:00AT&T Won't Replace Galaxy Note 7s After New Fire Reports -- Update
10/09/201616:35:00AT&T Will Not Replace Galaxy Note 7 Phones After New Fire Reports
10/08/201600:20:00Latest Incident Prompts U.S. Carriers to Allow Second Samsung...
10/07/201619:58:00Latest Incident Prompts U.S. Carriers to Allow Second Samsung...
10/05/201619:14:00Southwest Flight Evacuated After Samsung Device Emitted Smoke...
10/05/201617:24:00Southwest Flight Evacuated After Samsung Device Emitted Smoke...
10/05/201616:10:00Southwest Flight Evacuated After Samsung Device Emitted Smoke

Southwest Airlines and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations