Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.
In recent years, Southwest Airlines Co. (NYSE:LUV) has weathered its fair share of challenges. From operational hurdles to strategic decisions, the company has navigated through turbulent times.
DALLAS , May 15, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on June 19, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on July 10, 2024.
Though initial public offerings are heating up, 2024 has thus far been disappointing for investors looking for merger stocks to buy. The year's first few months saw the iRobot (NASDAQ: IRBT ) and Southwest Airlines (NYSE: LUV ) deals scuttled, dashing merger arbitrage investors' hopes of a quick payday and all-but-guaranteed upside.
Major U.S. airlines are challenging a new Biden Administration rule requiring them to disclose certain fees. Transcript: Conway Gittens: I'm Conway Gittens reporting from the New York Stock Exchange.
DALLAS , May 9, 2024 /PRNewswire/ -- With deep sadness, Southwest Airlines Co. (NYSE: LUV) shares that President Emeritus Colleen Barrett, 79, has passed away, surrounded by loved ones. Colleen passionately guided generations to do the right thing, and often cited The Golden Rule—insisting that everyone treat each other in a way they would hope to be treated.
DALLAS , May 8, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today launches its annual corporate citizenship reports, the One Report and the Diversity, Equity, and Inclusion (DEI) Report, highlighting the carrier's work across its corporate citizenship initiatives. The integrated reports provide a snapshot of financial; corporate social responsibility (CSR); environmental, social, and corporate governance (ESG) reporting; and DEI priorities at Southwest Airlines®.
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Rapid Rewards Members and Rapid Rewards Business Members can now pay for flights with a combination of cash and points; Members can also redeem Rapid Rewards points, or use a combination of cash and points, on hotel bookings. DALLAS , May 6, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today introduced Cash + Points, 1 a new flexible payment option for Rapid Rewards®2 Members.