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DALLAS, Nov. 4, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today announced the appointment of Rakesh Gangwal as independent Chair of the Board of Directors and named new Board Committee Chairs, effective immediately:
Lisa Atherton will serve as Chair of the Compensation CommitteeDouglas Brooks will serve as Chair of the Audit CommitteeDavid Hess will continue to serve as Chair of the Safety and Operations CommitteeChris Reynolds will serve as Chair of the Nominating and Corporate Governance CommitteeGregg Saretsky will serve as Chair of the Finance CommitteeAirline provides a critical lifeline to patients seeking medical care by donating 13,000 tickets for round trip air travel
DALLAS, Nov. 1, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) is celebrating 17 years of partnering with nonprofit hospitals and medical transportation organizations to provide round trip air travel for patients and caregivers who are unable to access care in moments when they need it most. The Southwest Airlines® Medical Transportation Grant Program aims to ease the financial burden on patients and their families by helping to make healthcare needs accessible and connecting patients to the life-saving care they need with free transportation to medical facilities nationwide.
DALLAS, Oct. 30, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today extended its schedule through Aug. 4, 2025, offering Customers a head start to book next summer's vacation. The schedule includes additional redeye flights, popular seasonal routes, and more nonstop flights connecting Customers to high-demand destinations throughout the Southwest® network.
Ramping up Redeyes With today's schedule extension, Southwest Airlines® welcomes 13 additional redeye flights. The airline's summer 2025 schedule now includes 33 overnight flights with service from Hawaii and the West Coast traveling east to various key Southwest cities.
DALLAS, Oct. 28, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) introduced a new bamboo cup for inflight cold beverages and a wood stir stick with the carrier's iconic Heart branding. Both the new cup and stir stick are part of the carrier's ongoing work toward its goal to eliminate, where feasible, single-use plastics from inflight service by 20301.
Southwest® expects the new items to reduce its inflight single-use plastics by more than 1.5 million pounds annually2. The airline continues to explore new sourcing initiatives to address single-use plastic packaging across inflight operations as part of its Nonstop to Net Zero strategy, a key tenet of which is Circularity3.
Reconstituted Board to Select a New Independent Chair
Gregg Saretsky to Chair Refreshed Finance Committee
Company Enters Into Cooperation and Information Sharing Agreements with Elliott
DALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today announced the appointments of David Cush, Sarah Feinberg, Dave Grissen, Gregg Saretsky and Patricia Watson as independent directors of the Board in connection with Cooperation and Information Sharing Agreements (the "Agreements") reached with Elliott Investment Management L.P. (together with its affiliates, "Elliott"). In addition, Pierre Breber, former CFO of Chevron, has also been appointed to the Board of Directors. These appointments are effective as of November 1, 2024.
DALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2024 financial results:
Net income of $67 million, or $0.11 per diluted shareNet income, excluding special items1, of $89 million, or $0.15 per diluted shareRecord third quarter operating revenues of $6.9 billionLiquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billionAnnounced a $250 million accelerated share repurchase program under the Company's $2.5 billion share repurchase authorizationDALLAS, Oct. 23, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2024 financial results. Details are as follows:
When:
Thursday, October 24, 2024 at 12:30 PM Eastern Time
Who:
Bob Jordan, President and Chief Executive Officer
Andrew Watterson, Chief Operating Officer
Tammy Romo, Executive Vice President and Chief Financial Officer
Web Address:
http://www.southwestairlinesinvestorrelations.com/
To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page. The audio webcast can be found under "News & Events" in the drop down menu. Registration for this event begins 20 minutes prior to the start of the call.
Customers onboard Flight #1989 from Nashville to Miami on Oct. 17 enjoyed a one-of-a-kind performance highlighting Rose's work they knew "All Too Well"
DALLAS, Oct. 18, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) hosted a surprise concert on Flight #1989 from Nashville to Miami with GRAMMY Award-winning songwriter Liz Rose, who was traveling to watch the songs she wrote with Taylor Swift take the stage at the global superstar's Miami show. This Southwest® flight took place on Oct. 17 and celebrates the 100th concert of the airline's signature Live at 35® program that started in 2011, which brings live music performances onboard at 35,000 feet.
DALLAS, Oct. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today confirmed that Elliott Investment Management L.P. ("Elliott") requested a Special Meeting of Shareholders to consider Elliott's proposals, including to remove without cause eight members of Southwest's Board of Directors (the "Board") and elect eight Director candidates chosen by Elliott, which appears designed to result in full control of the Board by Elliott's nominees. Southwest's Board issued the following statement in response:
Submits Proposals to Elect Eight Independent Best-in-Class Nominees and Remove Eight Current Directors
Calls on Southwest to Confirm Meeting Date Promptly Without Unnecessary Delay
Shareholders Should Take Action As Soon As Possible to Ensure They Are Able to Vote Their Shares
WEST PALM BEACH, Fla., Oct. 14, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment representing an approximately 11% economic interest in Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest"), today announced it has delivered a request to call a Special Meeting of Shareholders ("the Special Meeting," or "the Meeting") for December 10, 2024 and will be filing an accompanying preliminary proxy statement with the U.S. Securities and Exchange Commission.