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.
In partnership with the Hispanic Association of Colleges and Universities, the airline celebrates 20 years of connecting students to their families through travel
DALLAS, Oct. 9, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the Hispanic Association of Colleges and Universities (HACU) are partnering for the 20th year to provide tickets to students through the ¡Lánzate!/Take Off! Higher Education Travel Award Program. This year's recipients were selected from more than 90 institutions across the United States to receive four round trip tickets valid for travel between any Southwest Airlines® domestic destination. Since the award program began in 2004, Southwest® has supported students nationwide in studying away from home.
DALLAS, Oct. 1, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) launches one of its largest sales of the fall as part of its Week of WOW. Customers are in for a treat with exclusive offers, including up to 40% off base fares1 and deals on Rapid Rewards® points,2 and 3 vacation packages,4 car rentals,5 hotel bookings,6 and cruise bookings for the first time.7 Visit Southwest.com® for the full list of offers.
WEST PALM BEACH, Fla., Sept. 26, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest"):
Today's Investor Day will have a familiar ring for many shareholders: Another promise of a better tomorrow from the same people who have created the problems we face today. Without credible leadership that can execute, this plan – filled with long-dated promises of better performance – risks becoming the latest in Southwest's long series of failed improvement initiatives.
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 through a period of substantial growth and transformation. Previously, he was President and Chief Executive Officer of AirTran Holdings Inc. from November 2007 until May 2011. Fornaro served as a consultant to Southwest Airlines from 2011 to 2014 following its acquisition of AirTran in 2011, and again from 2020 to 2024 following his resignation as President and CEO of Spirit Airlines. Prior to his role as CEO of AirTran, he served as President and Chief Operating Officer from March 2001 until November 2007 and President and Chief Financial Officer from March 1999 until August 2000. He also previously served as Chairman of both AirTran Airways Inc. and AirTran Holdings Inc. Before joining AirTran, Fornaro operated a successful aviation consulting practice and served in senior marketing and planning positions at US Airways and Northwest Airlines.
DALLAS, 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 Music CityOn the heels of opening its newest Flight Crew base in Nashville, Tenn., on May 1, Southwest Airlines® is increasing service with additional frequencies and new routes, including intra-Tennessee service for the first time.
DALLAS, Sept. 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its 2024 Investor Day. Southwest will be webcasting the presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the webcast are as follows:
Date:
Thursday, September 26, 2024
Time:
10:30 a.m. ET
Speakers:
Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board of Directors
Andrew Watterson, Chief Operating Officer
Ryan Green, Executive Vice President Commercial Transformation
Tammy Romo, Executive Vice President and Chief Financial Officer
Web Address:
https://www.southwestairlinesinvestorrelations.com/
DALLAS, Sept. 24, 2024 /PRNewswire/ -- – Southwest Airlines Co. (NYSE: LUV) (the "Company") today issued a response to Elliott Investment Management L.P.'s ("Elliott") recent Shareholder letter and provided an update on its engagement with Elliott ahead of the Company's long-planned Investor Day set for Thursday, September 26:
Elliott Engagement Update
Southwest has made every effort to reach a constructive resolution with Elliott, including over a dozen phone calls with Elliott representatives, several in-person meetings and an offer for Elliott to participate in the Company's Board refreshment process and understand its views on Southwest's business and strategy. It's unfortunate that Elliott has not only completely failed to engage constructively, but today has continued its pattern of launching public ambushes and is seeking to disrupt Southwest's upcoming Investor Day.
Elliott Sends Second Open Letter to Its Fellow Shareholders
Declares Intent to Call a Special Meeting in Coming Weeks, Given Urgent Need for Leadership Change
Southwest's Use of "False Record Dates" Requires Shareholders Take Action Now to Protect Their Investment
WEST PALM BEACH, Fla., Sept. 24, 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 sent a second open letter to its fellow Southwest shareholders.
DALLAS, Sept. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today a partnership with Warner Bros. to celebrate 30 years of the beloved television series FRIENDS®. This monthlong celebration brings special offerings to Southwest® Customers, including a FRIENDS-themed fare sale, fan-favorite episodes on the Inflight Entertainment Portal to stream for free1, and a Surprise & Delight flight with trivia and show-themed giveaways.
"This FRIENDS-themed fare sale is for everyone—whether you're 'on a break' and flying solo or have a special 'lobster' you're flying with and want to book another getaway," said Jennifer Bridie, Vice President of Marketing at Southwest Airlines. "Our flexible policies, such as no change or cancel fees2, allow our Customers to 'pivot' their plans, and we'll be 'there for you' to help you book your next trip …The One Where You Fly Southwest."
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