Southwest Airlines Costs Set to Climb, Muting Strong Demand
Southwest Airlines Co. warned that costs will climb faster than expected as it grapples with heavy labor expenses, undercutting gains from strong demand for leisure travel.Non-fuel unit costs will rise as much as 9% in the first quarter after an 11% jump in the final months of last year,
Southwest Airlines flags inflation woes, even as fuel costs ease
Southwest Airlines said Thursday it swung to a fourth-quarter profit of 42 cents a share from a year-ago loss of 42 cents a share, as overall expenses fell on lower fuel costs.
Southwest Posts Profit Fueled by Strong Holiday Bookings
Despite pressure to cut costs and an activist investor campaign, Southwest reported a healthy profit for the fourth quarter.
Southwest Airlines makes a harsh cost-cutting move
In the midst of the airline’s financial woes, the company just revealed that it will be making some major changes in an effort to cut costs. According to a new report from CNBC, Southwest Airlines is putting a freeze on corporate hiring and promotions.
Southwest Airlines 4Q Revenue Higher on Holiday Activity, Strong Travel Demand Seen Continuing
Southwest's results echo sentiments laid out by Delta Air Lines, which reported quarterly results earlier in the month. Delta said demand accelerated throughout the fourth quarter, with a handful of its highest revenue days in history taking place in November and December. The company also expects travel demand to remain strong this year.
Southwest Airlines beats profit expectations, missed on revenue
Southwest Airlines (LVU) put in a solid performance in the fourth quarter and forecast above-consensus revenue per available seat mile for the current quarter as the carrier absorbed surplus capacity across the industry with greater aircraft efficiency and higher airfares.
Southwest Airlines Posts Record Revenue. Why the Stock Is Falling.
Southwest Airlines stock was falling on Thursday after the carrier’s fourth-quarter revenue and forward guidance both came in ...
Southwest Airlines Profit Exceeds Expectations on Improved Pricing Power
The airline also forecast better-than-expected unit revenue (RASM), a proxy for pricing power, for the first quarter.
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Southwest Airlines sued by plan participants over ‘disastrous’ performance of its 401(k) funds
The class action lawsuit, filed on behalf of 60,000 plan participants, alleges the airline failed to replace a “chronically underperforming” large-cap fund holding over $2 billion in retirement plan ...
LUV Earnings: Southwest Airlines Stock Slips on Mixed Q4 Results
Southwest Airlines (LUV) stock is down today despite the air travel company beating Q4 2024 profit estimates. The company’s earnings per share ...
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Many feared dead after American Airlines regional jet, Army helicopter collide near DC airport
Figure skaters and coaches returning from the national championships were aboard the American Airlines flight that collided ...
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Southwest Airlines hit with ERISA class action over alleged 401(k) fund mismanagement
The lawsuit filed in Texas says the carrier's failure to remove an underperforming fund option, which holds over $2 billion in assets, has cost plan members millions.
American Airlines Flight 5342 Crash: Everything We Know So Far
Last night's tragedy involving American Airlines Flight 5342 and a US Army Sikorsky Black Hawk helicopter has taken a turn ...
The American Airlines crash occurred in some of the country's most congested and highly controlled airspace
American Eagle flight 5342 collided with a Black Hawk helicopter over the Potomac River, home to some of the country's most restricted airspace.