Southwest Airlines Lays Out Overhaul, and Stock Gains

Sep 26, 2024 · Southwest Airlines Lays Out Overhaul, and Stock Gains The carrier’s move, including service enhancements and share buybacks, came after a hedge fund called for cost savings and better profits ...

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Southwest Airlines Rockets On Hiked Guidance, Buyback Plan

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Sep 26, 2024 · Southwest Airlines Stock LUV stock jumped 5.4% Thursday on strong volume, rebounding back above its 200-day moving average. Southwest spiked more than 10% in the …

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An Updated Outlook And A Stock Buyback Plan Send Southwest …

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Sep 26, 2024 · Southwest Airlines shares jumped Thursday as the airline announced a new $2.5 billion stock buyback plan and updated projections for revenue and fuel costs for the third quarter.

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Southwest Airlines Sets $2.5 Billion Buyback In Turnaround Plan

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Sep 26, 2024 · Southwest Airlines Co.’s shares surged the most in almost four years after the carrier unveiled a stock buyback plan and detailed major policy changes, part of a plan to …

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Airline Stocks Take Off After Southwest Lays Out Vision

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Sep 26, 2024 · The stock is up 8.3% on the year so far. Other airlines trading higher included United Airlines Holdings, Delta Air Lines and American Airlines Group, which gained 6.4%, …

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Southwest Airlines' Stock Surges After Activist Elliott Says It Can ...

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Jun 10, 2024 · If Southwest listens to its proposals, the stock can rally to $49 a share within 12 months, which would represent a gain of about 77% from Friday's closing price of $27.75.

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Southwest Airlines Stock Jumps 10% As Investors Embrace …

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Sep 26, 2024 · Southwest Airlines pitched a new vision at the company’s investor day on Thursday morning as part of a bid to placate the activist hedge fund Elliott Management, which …

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Southwest Airlines Beats Q3 Street Expectations, Secures …

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Oct 24, 2024 · Southwest Airlines Co (NYSE:LUV) reported a third-quarter 2024 operating revenue increase of 5.3% year-over-year to $6.870 billion, beating the consensus of $6.735 …

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Southwest Airlines Reports Second Quarter 2024 Results

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DALLAS, July 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its second quarter 2024 financial results:. Net income of $367 million, or $0.58 …

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FAQs about Southwest Airlines Lays Out Overhaul, and Stock Gains Coupon?

Why did Southwest Airlines stock get a lift?

Southwest Airlines’ stock got a lift after activist investor Elliott Management called for a change in leadership. Photo: Southwest Airlines Co. Shares of Southwest Airlines Co. leaned lower Monday after activist investor Elliott Management sent a letter to shareholders explaining why the air carrier needs new leadership. ...

Why did southwest board approve $2.5 billion in share buybacks?

Southwest’s board authorized $2.5 billion in share buybacks Thursday morning as it tries to fend off Elliott’s pressure. The airline also announced former Spirit Airlines CEO Bob Fornaro would join the board, a move that appeared to be a nod to Elliott’s aspirations to mold Southwest into an ultra-low-cost carrier like Spirit or Frontier. ...

Why did Elliott Management Buy Southwest Airlines?

The move, including service enhancements and share buybacks, came after the hedge fund Elliott Management called for cost savings and better profits. Elliott Management has gained a 10 percent stake in Southwest Airlines. Mason Trinca for The New York Times ...

Will Southwest Airlines make a 77 percent return in a year?

Elliott said it had based its conclusions on 18 months of research and conversations with more than 130 former Southwest employees and airline industry executives. Once the airline is revamped, the stock could reach $49 a share within a year, a nearly 77 percent return, Elliott said. Southwest’s share price was just over $30 on Thursday morning. ...

Will southwest's third-quarter revenue ratio rise 3%?

The airline also said that a third-quarter revenue ratio will rise by up to 3% instead of being between flat and down 2%, partly because Southwest gained passengers from other airlines during the CrowdStrike computer outage in July, which hit Delta Air Lines particularly hard. And it named a former AirTran and Spirit Airlines CEO to its board. ...

How much is southwest's share buyback worth?

The activist investor announced in June that it had built an 11% stake in the airline, above the 10% threshold needed to make such a request, worth almost $2 billion. Southwest’s board authorized $2.5 billion in share buybacks Thursday morning as it tries to fend off Elliott’s pressure. ...