About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Southwest Airlines Co (NYSE:LUV) stock is driving the New York Stock Exchange (NYSE) higher today, last seen up 10.3% to trade at $31.33. The airliner raised its third-quarter revenue forecast, while also authorizing a $2.5 billion share repurchase program. The news has pushed the entire airline sector firmly into the black today. Southwest stock is on track for its best single session gain since 2020, and is trading at its highest level since a steep 14.9% bear gap on March 12. The shares have now reclaime ...

Southwest Airlines raised its third-quarter revenue forecast, authorized $2.5 billion in share buybacks and announced a slew of changes to its business as it continues to face pressure from activist hedge fund Elliott Investment Management.The company says its business plan will rake in an additional $4 billion in earnings before interest and taxes by 2027.Southwest said it expects unit revenue growth up to 3% in the third quarter compared to the same period last year – up from previous estimates of a 2% de ...

Southwest Airlines raised its third-quarter revenue forecast on Thursday and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management.The airline said it expects unit revenue to rise as much as 3% in the third quarter over the same period last year, up from a previous forecast of a decline of as much as 2%.The carrier also said it would add Bob Fornaro, a well-respected industry veteran who previously led Spirit Airlines, to its board of directors. Sout ...

DALLAS, Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") has appointed Robert "Bob" Fornaro as a member of the Board, effective immediately.Fornaro is an accomplished airline executive with four decades of experience in the industry. He previously served on the Board of Directors of Spirit Airlines beginning in May 2014 until September 2019 and as President and Chief Executive Officer from January 2016 until December 2018, during which time he led the low-cost carrier throug ...

"We're now ushering in a new era at Southwest, moving swiftly and deliberately to transform the Company by elevating the Customer Experience, improving financial performance, and driving sustainable Shareholder value," said Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board.Key themes and new initiatives to be detailed at Investor Day include:Transforming Our Product to Meet Customer PreferencesSouthwest's transformation is guided by data-driven research of travelers' changing ne ...

Key TakeawaysSouthwest Airlines informed employees Wednesday that next year it will reduce its operations in Atlanta, amid pressure from Elliott Investment Management to make changes.The airline is also continuing its negotiations with Elliott, which has taken a roughly 11% stake in Southwest and called for significant changes.Southwest had said it would provide details on its future plans at its investor day Thursday. Southwest Airlines (LUV) is set to hold its annual investor day Thursday, and sent a memo ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSouthwest Airlines is slashing unprofitable routes as it ...

Carrier adds flights to serve Nashville's travelers, including inaugural intra-Tennessee serviceRedeye offerings continue to growDALLAS, Sept. 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today extended its flight schedule through June 4, 2025, opening Customer bookings through the Memorial Day weekend. With today's schedule extension, travelers will see continued investment in Nashville with more new destinations and the launch of additional redeye flights from Hawaii.The Beat Goes on in Mus ...

Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo seen by CNBC.The changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue as pressure mounts from activist investor Elliott Investment Management.Southwest told staff it isn't closing its crew base in Atlanta. Instead, it will reducing staffing by as many as 200 flight a ...