07-24-2014
09:20 AM
07-24-2014
09:20 AM
Shares recognition for surpassing Return on Invested Capital (ROIC) goal This release contains: 1 Related Document
Southwest Airlines (NYSE: LUV) announced today it will recognize Southwest and AirTran Employees with a one-time cash award of $200 each as a thank you for all their hard work related to the Company achieving a 17.1 percent pre-tax return on invested capital, excluding special items (ROIC), for the 12 months ended June 30, 2014.
Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, "Operating an airline is the ultimate team sport, and this was a total team effort. Together we have weathered the worst decade in the history of commercial aviation. Together, we stepped up to the challenge. Together we avoided bankruptcy. Together, we have transformed Southwest.
"We are all one Team at Southwest Airlines, and when the Company does well, our Employees do well. Therefore, I am pleased to announce that we will be 'Recognizing Our Internal Customers' with a one-time, ROIC Cash Award of $200 each as a thank you for all their hard work. We are delighted to be able to recognize this milestone with our Employees.
"My hearty congratulations and thanks go to our hard-working and dedicated Employees for our outstanding second quarter results, which resulted in record quarterly profitsharing expense of $127 million. In comparison, the Company contributed approximately $228 million for the full year toward Employees' profitsharing accounts in 2013. The 2013 profitsharing payment was the largest total dollar amount ever allocated directly to Employees in a single year. Southwest Airlines was the first in the industry to offer a profitsharing plan for Employees, setting the foundation for a long history of sharing profits with Employees and rewarding Employees for Company success. Our People earned this reward, tirelessly working toward our vision of becoming the World's Most Loved, Most Flown, and Most Profitable Airline."
About Southwest Airlines Co.
In its 44th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries. Some flights are operated by wholly owned subsidiary AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
Southwest Airlines Co. (ROIC (See Note Regarding Use of Non-GAAP Financial Measures) (in millions) (unaudited)
Twelve Months Ended
June 30, 2014
Operating income, as reported
1,766
Net impact from fuel contracts
49
Acquisition and integration costs
103
Operating income, non-GAAP
1,918
Net adjustment for aircraft leases (1)
140
Adjustment for fuel hedge accounting
(78)
Adjusted Operating income, non-GAAP
1,980
Average invested capital (2)
11,581
Equity adjustment for hedge accounting
(25)
Adjusted average invested capital
11,556
ROIC, pre-tax
17.1%
(1) Net adjustment related to presumption that all aircraft in fleet are owned (i.e., the impact of eliminating aircraft rent expense and replacing with estimated depreciation expense for those same aircraft).
(2) Average invested capital represents a five quarter average of debt, net present value of aircraft leases, and equity.
NOTE REGARDING USE OF NON-GAAP FINANCIAL MEASURES
The Company's unaudited consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States (GAAP). These GAAP financial statements include (i) unrealized non-cash adjustments and reclassifications, which can be significant, as a result of accounting requirements and elections made under accounting pronouncements relating to derivative instruments and hedging; and (ii) other charges the Company believes are not indicative of its ongoing operational performance.
As a result, the Company also provides financial information in this release that was not prepared in accordance with GAAP and should not be considered as an alternative to the information prepared in accordance with GAAP. The Company provides supplemental non-GAAP financial information, which the Company's management utilizes to evaluate its ongoing financial performance and the Company believes provides greater transparency to investors as supplemental information to its GAAP results. The Company's non-GAAP financial results differ from GAAP results in that they only include the actual cash settlements from fuel hedge contracts--all reflected in the period of settlement. Thus, Fuel and oil expense on a non-GAAP basis reflects the Company's actual net cash outlays for fuel during the applicable period, inclusive of settled fuel derivative contracts. Any net premium costs paid related to option contracts are reflected for both GAAP and non-GAAP purposes in the period of contract settlement. The Company believes these non-GAAP results provide a better measure of the impact of the Company's fuel hedges on its operating performance and liquidity since they exclude the unrealized, non-cash adjustments and reclassifications that are recorded in GAAP results in accordance with accounting guidance relating to derivative instruments, and they reflect all cash settlements related to fuel derivative contracts within Fuel and oil expense. This enables the Company's management, as well as investors, to consistently assess the Company's operating performance on a year-over-year or quarter-over-quarter basis after considering all efforts in place to manage fuel expense. However, because these measures are not determined in accordance with GAAP, such measures are susceptible to varying calculations and not all companies calculate the measures in the same manner. As a result, the aforementioned measures, as presented, may not be directly comparable to similarly titled measures presented by other companies.
Further information on (i) the Company's fuel hedging program, (ii) the requirements of accounting for derivative instruments, and (iii) the causes of hedge ineffectiveness and/or mark-to-market gains or losses from derivative instruments is included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
In addition to its non-GAAP measures discussed above, the Company has also provided other non-GAAP financial measures, including results that it refers to as "excluding special items," as a result of items that the Company believes are not indicative of its ongoing operations. These include expenses associated with the Company's acquisition and integration of AirTran. The Company believes that evaluation of its financial performance can be enhanced by a presentation of results that exclude the impact of these items in order to evaluate the results on a comparative basis with results in prior periods that do not include such items and as a basis for evaluating operating results in future periods. As a result of the Company's acquisition of AirTran, which closed on May 2, 2011, the Company has incurred and expects to continue to incur substantial charges associated with integration of the two companies. While the Company cannot predict the exact timing or amounts of such charges, it does expect to treat the charges as special items in its future presentation of non-GAAP results.
The Company has also provided ROIC, which is a non-GAAP financial measure. The Company believes ROIC is a meaningful measure because it quantifies how well the Company generates operating income relative to the capital it has invested in its business. Although ROIC is commonly used as a measure of capital efficiency, definitions of ROIC may differ; therefore, the Company is providing an explanation of its calculation for ROIC in the accompanying reconciliation table to the press release.
SOURCE Southwest Airlines
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07-24-2014
08:30 AM
07-24-2014
08:30 AM
This release contains: 1 Related Document
Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2014 results:
Record quarterly net income, excluding special items*, of $485 million, or $.70 per diluted share, compared to second quarter 2013 net income, excluding special items, of $274 million, or $.38 per diluted share. This exceeded the First Call consensus estimate of $.61 per diluted share.
Record quarterly net income of $465 million, or $.67 per diluted share, which included $20 million (net) of unfavorable special items, compared to second quarter 2013 net income of $224 million, or $.31 per diluted share, which included $50 million (net) of unfavorable special items.
Record quarterly operating income of $775 million. Excluding special items, record quarterly operating income of $819 million, resulting in a 16.3 percent operating margin**.
Return on invested capital*, before taxes and excluding special items, for the 12 months ended June 30, 2014, of 17.1 percent, as compared to 8.5 percent for the 12 months ended June 30, 2013.
Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, "We are very pleased with our strong second quarter earnings performance. Net income, excluding special items, of $485 million, or $.70 per diluted share, represents our fifth consecutive quarter of record profits. The successful execution of our strategic initiatives continues to contribute significantly to these record profits. Second quarter 2014 total operating revenues reached an all-time quarterly high of $5.0 billion, benefiting from an 8.5 percent year-over-year increase in passenger revenues. Also, we were very pleased with our cost performance. Operating expenses benefited from our strategic initiatives, as well, and were comparable to second quarter last year.
"My hearty congratulations and thanks go to our hard-working and dedicated Employees for our outstanding second quarter results, which resulted in record quarterly profitsharing expense of $127 million. Over the last twelve months, our exceptional earnings performance, combined with our actions to prudently manage our invested capital, produced a 17.1 percent pre-tax return on invested capital, excluding special items (ROIC). This positions us well to meet or exceed our 15 percent pre-tax ROIC target for full year 2014.
"Our network development and optimization efforts continue, and we are very pleased with the performance across our system. Second quarter load factor and passenger revenue yield were records, even with a large percentage of the route system in the conversion or development stage. We announced our initial nonstop offerings from Dallas Love Field with the upcoming sunset of the Wright Amendment restrictions on October 13, and nearly tripled the flights we currently offer at Reagan National Airport, effective November 2 this year. On July 1, we inaugurated international service on Southwest Airlines, with flights to Oranjestad, Aruba; Montego Bay, Jamaica; and Nassau/Paradise Island in The Bahamas. We plan to fully convert AirTran's remaining international markets and domestic flying by the end of this year. We expect roughly flat 2014 available seat miles, year-over-year, and intend to expand the network in a disciplined manner. For 2015, we currently expect our available seat miles to increase, year-over-year, largely driven by a two to three percent growth in seats from the upgauging of our fleet, along with a higher percentage of our fleet in revenue service post-integration.
"During second quarter, we announced the selection of Amadeus to implement the Altéa reservations solution to support our domestic network, following the successful implementation of Amadeus' international solution this year. This allows us to replace the legacy reservation system used by Southwest. The AirTran reservation system is expected to be retired at this year's end.
"Our balance sheet, liquidity, and cash flows remain strong. At the end of second quarter 2014, we had $4.0 billion in cash and short-term investments. For first half 2014, net cash provided by operations was $2.46 billion, and capital expenditures were $907 million, resulting in strong free cash flow* of $1.55 billion. We repaid $119 million in debt and capital lease obligations during first half 2014, and intend to repay an additional $440 million in debt and capital lease obligations in the second half of this year. Thus far this year, we have returned $652 million to Shareholders through the payment of $97 million in dividends and the repurchase of $555 million in common stock. As always, we are committed to maintaining our financial strength and enhancing value to our Shareholders."
Financial Results and Outlook The Company's second quarter 2014 total operating revenues increased 7.9 percent, while operating unit revenues increased 8.4 percent, on a 0.4 percent decrease in available seat miles and a 2.2 percent increase in average seats per trip, all as compared to second quarter 2013. Second quarter 2014 passenger revenues were $4.8 billion, which was an increase of 9.0 percent on a unit basis, as compared to second quarter 2013. A change to previously recorded estimates of tickets expected to spoil in the future resulted in additional passenger revenue of $47 million in second quarter 2014.
Thus far, July passenger revenue trends and bookings are strong. Based on these trends, and considering the strength of the year-ago comparison, the Company expects July 2014 passenger unit revenues to increase in the three percent range, as compared to July 2013.
Total operating expenses in second quarter 2014 increased 0.6 percent to $4.2 billion, as compared to second quarter 2013. Second quarter 2014 profitsharing expense was a record $127 million, compared to $78 million in second quarter 2013. The Company incurred costs (before profitsharing and taxes) associated with the acquisition and integration of AirTran, which are special items, of $38 million during second quarter 2014, compared to $26 million in second quarter 2013. Cumulative costs associated with the acquisition and integration of AirTran, as of June 30, 2014, totaled $466 million (before profitsharing and taxes). The Company expects total acquisition and integration costs to be approximately $550 million (before profitsharing and taxes). Excluding special items in both periods, total operating expenses in second quarter 2014 increased 0.7 percent to $4.2 billion, as compared to second quarter 2013.
Second quarter 2014 economic fuel costs were $3.02 per gallon, including $.05 per gallon in favorable cash settlements from fuel derivative contracts, compared to $3.06 per gallon in second quarter 2013, including $.05 per gallon in unfavorable cash settlements from fuel derivative contracts. Based on the Company's fuel derivative contracts and market prices as of July 21, 2014, third quarter 2014 economic fuel costs are expected to be in the $2.95 to $3.00 per gallon range, compared to third quarter 2013's economic fuel costs of $3.06 per gallon. As of July 21, 2014, the fair market value of the Company's hedge portfolio through 2018 was a net asset of $381 million. Additional information regarding the Company's fuel derivative contracts is included in the accompanying tables.
Excluding fuel and oil expense, profitsharing, and special items in both periods, second quarter 2014 operating costs increased 1.1 percent from second quarter 2013, and increased 1.7 percent on a unit basis. Based on current cost trends, and excluding fuel and oil expense, profitsharing, and special items, the Company expects a year-over-year increase in its third quarter 2014 unit costs, comparable to the second quarter 2014 year-over-year increase.
Operating income in second quarter 2014 was $775 million, compared to $433 million in second quarter 2013. Excluding special items, operating income was $819 million in second quarter 2014, compared to $479 million in the same period last year, a 71.0 percent increase year-over-year.
Other expenses in second quarter 2014 were $29 million, compared to $70 million in second quarter 2013. The $41 million decrease primarily resulted from $3 million in other losses recognized in second quarter 2014, compared to $47 million recognized in second quarter 2013. In both periods, these losses included ineffectiveness and unrealized mark-to-market amounts associated with a portion of the Company's fuel hedging portfolio, which are special items. Excluding these special items, second quarter 2014 had $15 million in other losses, compared to $12 million in second quarter 2013, primarily attributable to the premium costs associated with the Company's fuel derivative contracts. Third quarter 2014 premium costs related to fuel derivative contracts are currently estimated to be $15 million, compared to $22 million in third quarter 2013. Net interest expense in second quarter 2014 was $26 million, compared to $23 million in second quarter 2013.
For the six months ended June 30, 2014, total operating revenues increased 5.2 percent to $9.2 billion, while total operating expenses decreased 0.4 percent to $8.2 billion, resulting in operating income of $991 million, compared to $503 million for the same period last year. Excluding special items, operating income was $1.1 billion for first half 2014, compared to $591 million for first half 2013.
Net income for first half 2014 was $617 million, or $.88 per diluted share, compared to $283 million, or $.39 per diluted share, for the same period last year. Excluding special items, net income for first half 2014 was $611 million, or $.87 per diluted share, compared to $328 million, or $.45 per diluted share, for the same period last year.
Balance Sheet and Cash Flows As of June 30, 2014, the Company had $4.0 billion in cash and short-term investments, and a fully available unsecured revolving credit line of $1 billion. Net cash provided by operations during second quarter 2014 was $1.34 billion, and capital expenditures were $500 million, generating strong free cash flow of $838 million. The Company repaid $73 million in debt and capital lease obligations during second quarter 2014.
During second quarter 2014, the Company returned $282 million to its Shareholders through the payment of $42 million in dividends and the repurchase of $240 million in common stock, or 7.6 million shares. The Company completed its previous $1.5 billion share repurchase program with the repurchase of $20 million in common stock in early May. On May 14, 2014, the Company's Board of Directors authorized a new $1 billion share repurchase program, along with a 50 percent increase in the Company's quarterly dividend. Under the new $1 billion share repurchase program, the Company repurchased an additional $220 million in common stock during second quarter 2014, including $200 million repurchased under an accelerated share repurchase program with a third party financial institution. During second quarter 2014, pursuant to the accelerated share repurchase program, the Company advanced $200 million to the financial institution and received six million shares of the Company's common stock, representing an estimated 75 percent of the shares the Company expects to purchase under the accelerated share repurchase program. The specific number of shares that the Company ultimately will repurchase under the accelerated share repurchase program will be determined generally based on a discount to the volume-weighted average price per share of the Company's common stock during a calculation period to be completed during third quarter 2014. At settlement, under certain circumstances, the third party financial institution may be required to deliver additional shares of common stock to the Company, or under certain circumstances, the Company may be required to deliver shares of its common stock or may elect to make a cash payment to the third party financial institution. Pursuant to the settlement of the $200 million accelerated share repurchase program executed in first quarter 2014, the Company received an additional 1.7 million shares in common stock during second quarter 2014, bringing the total shares repurchased under the first quarter accelerated share repurchase program to 8.6 million.
Fleet During second quarter 2014, the Company's fleet increased by seven to 683 aircraft at period end. This reflects the second quarter 2014 delivery of 12 new Boeing 737-800s and three pre-owned Boeing 737-700s, as well as the retirement of one Boeing 737-500. In addition, the Company removed seven Boeing 717-200s from service during second quarter 2014 in preparation for transition out of the fleet. Additional information regarding the Company's aircraft delivery schedule is included in the accompanying tables.
Awards and Recognitions
Received top ranking by InsideFlyer Magazine for Best Customer Service and Best Loyalty Credit Card
Among the top airline scores for overall customer satisfaction in the airline industry in the J.D. Power 2014 North America Airline Satisfaction Study
Recognized by Newsweek as one of America's Greenest Companies
Received TripAdvisor Travelers Choice Airline of the Year award
Conference Call Southwest will discuss its second quarter 2014 results on a conference call at 12:30 p.m. Eastern Time today. A live broadcast of the conference call also will be available at http://southwest.investorroom.com.
*Additional information regarding special items is included in the accompanying reconciliation tables, and see Note Regarding Use of Non-GAAP Financial Measures. **Operating margin, excluding special items, is calculated as operating income, excluding special items, divided by operating revenues.
Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to (i) the Company's financial outlook and projected results of operations; (ii) the Company's expectations with respect to its integration of AirTran, including anticipated integration timeframes and the expected costs associated with the integration; (iii) the Company's growth plans, including its network, fleet, and capacity plans, expectations, and opportunities; (iv) the Company's reservations systems plans and expectations; (v) the Company's expectations with respect to liquidity (including its plans for the repayment of debt and capital lease obligations); and (vi) the Company's plans and expectations related to managing risk associated with changing jet fuel prices. These forward-looking statements are based on the Company's current intent, expectations, and projections and are not guarantees of future performance. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) the Company's ability to timely and effectively prioritize its strategic initiatives and related expenditures; (ii) demand for the Company's services and the impact of economic conditions, fuel prices, and actions of competitors (including without limitation pricing, scheduling, and capacity decisions and consolidation and alliance activities) on the Company's business decisions, plans, and strategies; (iii) the Company's ability to timely and effectively implement, transition, and maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iv) the Company's ability to effectively integrate AirTran and realize the expected results from the acquisition; (v) the Company's dependence on third parties, in particular with respect to its technology and fleet plans; (vi) changes in fuel prices, the impact of hedge accounting, and any changes to the Company's fuel hedging strategies and positions; (vii) the impact of governmental regulations and other actions related to the Company's operations; and (viii) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
Southwest Airlines Co.
Condensed Consolidated Statement of Income
(in millions, except per share amounts)
(unaudited)
Three months ended
Six months ended
June 30,
June 30,
2014
2013
Percent change
2014
2013
Percent change
OPERATING REVENUES:
Passenger
$
4,752
$
4,380
8.5
$
8,685
$
8,218
5.7
Freight
44
43
2.3
84
82
2.4
Other
215
220
(2.3)
409
427
(4.2)
Total operating revenues
5,011
4,643
7.9
9,178
8,727
5.2
OPERATING EXPENSES:
Salaries, wages, and benefits
1,406
1,298
8.3
2,680
2,481
8.0
Fuel and oil
1,425
1,489
(4.3)
2,739
2,946
(7.0)
Maintenance materials and repairs
236
281
(16.0)
486
571
(14.9)
Aircraft rentals
75
92
(18.5)
156
185
(15.7)
Landing fees and other rentals
295
292
1.0
560
558
0.4
Depreciation and amortization
228
213
7.0
449
422
6.4
Acquisition and integration
38
26
46.2
56
39
43.6
Other operating expenses
533
519
2.7
1,061
1,022
3.8
Total operating expenses
4,236
4,210
0.6
8,187
8,224
(0.4)
OPERATING INCOME
775
433
79.0
991
503
97.0
OTHER EXPENSES (INCOME):
Interest expense
34
33
3.0
66
62
6.5
Capitalized interest
(6)
(8)
(25.0)
(12)
(13)
(7.7)
Interest income
(2)
(2)
—
(3)
(3)
—
Other (gains) losses, net
3
47
(93.6)
(50)
1
n.m.
Total other expenses
29
70
(58.6)
1
47
(97.9)
INCOME BEFORE INCOME TAXES
746
363
105.5
990
456
117.1
PROVISION FOR INCOME TAXES
281
139
102.2
373
173
115.6
NET INCOME
$
465
$
224
107.6
$
617
$
283
118.0
NET INCOME PER SHARE:
Basic
$
0.67
$
0.31
116.1
$
0.89
$
0.39
128.2
Diluted
$
0.67
$
0.31
116.1
$
0.88
$
0.39
125.6
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic
690
714
(3.4)
694
719
(3.5)
Diluted
698
722
(3.3)
703
727
(3.3)
Southwest Airlines Co.
Reconciliation of Reported Amounts to Non-GAAP Items
(See Note Regarding Use of Non-GAAP Financial Measures)
(in millions, except per share amounts)
(unaudited)
Three months ended
Six months ended
June 30,
June 30,
2014
2013
Percent Change
2014
2013
Percent Change
Fuel and oil expense, unhedged
$
1,444
$
1,442
$
2,776
$
2,847
Add (Deduct): Fuel hedge (gains) losses included in Fuel and oil expense
(19)
47
(37)
99
Fuel and oil expense, as reported
$
1,425
$
1,489
$
2,739
$
2,946
Deduct: Net impact from fuel contracts (1)
(6)
(20)
(14)
(49)
Fuel and oil expense, non-GAAP (economic)
$
1,419
$
1,469
(3.4)
$
2,725
$
2,897
(5.9)
Total operating expenses, as reported
$
4,236
$
4,210
$
8,187
$
8,224
Deduct: Net impact from fuel contracts (1)
(6)
(20)
(14)
(49)
Total operating expenses, economic
$
4,230
$
4,190
$
8,173
$
8,175
Deduct: Acquisition and integration costs
(38)
(26)
(56)
(39)
Total operating expenses, non-GAAP
$
4,192
$
4,164
0.7
$
8,117
$
8,136
(0.2)
Deduct: Profitsharing expense
(127)
(78)
(156)
(94)
Total operating expenses, non-GAAP, excluding Profitsharing
$
4,065
$
4,086
(0.5)
$
7,961
$
8,042
(1.0)
Deduct: Fuel and oil expense, non-GAAP (economic)
(1,419)
(1,469)
(2,725)
(2,897)
Total operating expenses, non-GAAP, excluding Profitsharing and fuel
$
2,646
$
2,617
1.1
$
5,236
$
5,145
1.8
Operating income, as reported
$
775
$
433
$
991
$
503
Add : Net impact from fuel contracts (1)
6
20
14
49
Operating income, economic
$
781
$
453
$
1,005
$
552
Add: Acquisition and integration costs
38
26
56
39
Operating income, non-GAAP
$
819
$
479
71.0
$
1,061
$
591
79.5
Other (gains) losses, net, as reported
$
3
$
47
$
(50)
$
1
Add (Deduct): Net impact from fuel contracts (1)
12
(35)
81
16
Other (gains) losses, net, non-GAAP
$
15
$
12
25.0
$
31
$
17
82.4
Income before income taxes, as reported
$
746
$
363
$
990
$
456
Add (Deduct): Net impact from fuel contracts (1)
(6)
55
(67)
33
$
740
$
418
$
923
$
489
Add: Acquisition and integration costs
38
26
56
39
Income before income taxes, non-GAAP
$
778
$
444
75.2
$
979
$
528
85.4
Net income, as reported
$
465
$
224
$
617
$
283
Add (Deduct): Net impact from fuel contracts (1)
(6)
55
(67)
33
Add (Deduct): Income tax impact of fuel contracts
2
(21)
26
(12)
$
461
$
258
$
576
$
304
Add: Acquisition and integration costs, net (2)
24
16
35
24
Net income, non-GAAP
$
485
$
274
77.0
$
611
$
328
86.3
Net income per share, diluted, as reported
$
0.67
$
0.31
$
0.88
$
0.39
Add (Deduct): Net impact from fuel contracts (2)
(0.01)
0.05
(0.06)
0.03
$
0.66
$
0.36
$
0.82
$
0.42
Add: Impact of special items, net (2)
0.04
0.02
0.05
0.03
Net income per share, diluted, non-GAAP
$
0.70
$
0.38
84.2
$
0.87
$
0.45
93.3
(1) See Reconciliation of Impact from Fuel Contracts.
(2) Amounts net of tax.
Southwest Airlines Co.
Reconciliation of Impact from Fuel Contracts
(See Note Regarding Use of Non-GAAP Financial Measures)
(in millions)
(unaudited)
Three months ended
Six months ended
June 30,
June 30,
2014
2013
2014
2013
Fuel and oil expense
Reclassification between Fuel and oil and Other (gains) losses, net,
associated with current period settled contracts
$
—
$
7
$
—
$
7
Contracts settling in the current period, but for which gains
have been recognized in a prior period (1)
(6)
(27)
(14)
(56)
Impact from fuel contracts to Fuel and oil expense
$
(6)
$
(20)
$
(14)
$
(49)
Operating Income
Reclassification between Fuel and oil and Other (gains) losses, net,
associated with current period settled contracts
$
—
$
(7)
$
—
$
(7)
Contracts settling in the current period, but for which gains
have been recognized in a prior period (1)
6
27
14
56
Impact from fuel contracts to Operating Income
$
6
$
20
$
14
$
49
Other (gains) losses, net
Mark-to-market impact from fuel contracts settling in future periods
$
(16)
$
(25)
$
40
$
35
Ineffectiveness from fuel hedges settling in future periods
28
(3)
41
(12)
Reclassification between Fuel and oil and Other (gains) losses, net, associated with current period settled contracts
—
(7)
—
(7)
Impact from fuel contracts to Other (gains) losses, net
$
12
$
(35)
$
81
$
16
Net Income
Mark-to-market impact from fuel contracts settling in future periods
$
16
$
25
$
(40)
$
(35)
Ineffectiveness from fuel hedges settling in future periods
(28)
3
(41)
12
Other net impact of fuel contracts settling in the current or a prior
period (excluding reclassifications)
6
27
14
56
Impact from fuel contracts to Net Income (2)
$
(6)
$
55
$
(67)
$
33
(1) As a result of prior hedge ineffectiveness and/or contracts marked-to-market through the income statement.
(2) Before income tax impact of unrealized items.
Southwest Airlines Co.
Comparative Consolidated Operating Statistics
(unaudited)
Three months ended
Six months ended
June 30,
June 30,
2014
2013
Change
2014
2013
Change
Revenue passengers carried
29,155,114
28,960,367
0.7%
54,210,923
54,164,301
0.1%
Enplaned passengers
35,790,140
35,530,779
0.7%
66,446,721
66,243,404
0.3%
Revenue passenger miles (RPMs) (000s) (1)
28,589,997
27,929,506
2.4%
52,745,314
51,686,249
2.0%
Available seat miles (ASMs) (000s) (2)
34,096,212
34,231,243
(0.4)%
64,570,794
65,032,668
(0.7)%
Load factor (3)
83.9
%
81.6
%
2.3 pts.
81.7
%
79.5
%
2.2 pts.
Average length of passenger haul (miles)
981
964
1.8%
973
954
2.0%
Average aircraft stage length (miles)
723
708
2.1%
717
701
2.3%
Trips flown
327,343
343,592
(4.7)%
626,981
662,106
(5.3)%
Average passenger fare
$
163.00
$
151.23
7.8%
$
160.21
$
151.73
5.6%
Passenger revenue yield per RPM (cents) (4)
16.62
15.68
6.0%
16.47
15.90
3.6%
RASM (cents) (5)
14.70
13.56
8.4%
14.21
13.42
5.9%
PRASM (cents) (6)
13.94
12.79
9.0%
13.45
12.64
6.4%
CASM (cents) (7)
12.42
12.30
1.0%
12.68
12.65
0.2%
CASM, excluding fuel (cents)
8.25
7.95
3.8%
8.44
8.12
3.9%
CASM, excluding special items (cents)
12.30
12.16
1.2%
12.57
12.51
0.5%
CASM, excluding fuel and special items (cents)
8.14
7.87
3.4%
8.35
8.06
3.6%
CASM, excluding fuel, special items, and profitsharing (cents)
7.77
7.64
1.7%
8.11
7.92
2.4%
Fuel costs per gallon, including fuel tax (unhedged)
$
3.07
$
3.01
2.0%
$
3.10
$
3.12
(0.6)%
Fuel costs per gallon, including fuel tax
$
3.03
$
3.11
(2.6)%
$
3.06
$
3.23
(5.3)%
Fuel costs per gallon, including fuel tax (economic)
$
3.02
$
3.06
(1.3)%
$
3.05
$
3.17
(3.8)%
Fuel consumed, in gallons (millions)
469
478
(1.9)%
892
910
(2.0)%
Active fulltime equivalent Employees
45,508
45,216
0.6%
45,508
45,216
0.6%
Aircraft at end of period (8)
683
698
(2.1)%
683
698
(2.1)%
(1) A revenue passenger mile is one paying passenger flown one mile. Also referred to as "traffic," which is a measure of demand for a given period.
(2) An available seat mile is one seat (empty or full) flown one mile. Also referred to as "capacity," which is a measure of the space available to carry passengers in a given period.
(3) Revenue passenger miles divided by available seat miles.
(4) Calculated as passenger revenue divided by revenue passenger miles. Also referred to as "yield," this is the average cost paid by a paying passenger to fly one mile, which is a measure of revenue production and fares.
(5) RASM (unit revenue) - Operating revenue yield per ASM, calculated as operating revenue divided by available seat miles. Also referred to as "operating unit revenues," this is a measure of operating revenue production based on the total available seat miles flown during a particular period.
(6) PRASM (Passenger unit revenue) - Passenger revenue yield per ASM, calculated as passenger revenue divided by available seat miles. Also referred to as "passenger unit revenues," this is a measure of passenger revenue production based on the total available seat miles flown during a particular period.
(7) CASM (unit costs) - Operating expenses per ASM, calculated as operating expenses divided by available seat miles. Also referred to as "unit costs" or "cost per available seat mile," this is the average cost to fly an aircraft seat (empty or full) one mile, which is a measure of cost efficiencies.
(8) Aircraft in the Company's fleet at period end, less Boeing 717-200s removed from service in preparation for transition out of the fleet.
Southwest Airlines Co.
Return on Invested Capital (ROIC)
(See Note Regarding Use of Non-GAAP Financial Measures)
(in millions)
(unaudited)
Twelve Months Ended
Twelve Months Ended
June 30, 2014
June 30, 2013
Operating income, as reported
$
1,766
$
645
Net impact from fuel contracts
49
92
Acquisition and integration costs
103
198
Operating income, non-GAAP
$
1,918
$
935
Net adjustment for aircraft leases (1)
140
127
Adjustment for fuel hedge accounting
(78)
(35)
Adjusted Operating income, non-GAAP
$
1,980
$
1,027
Average invested capital (2)
$
11,581
$
11,937
Equity adjustment for hedge accounting
(25)
132
Adjusted average invested capital
$
11,556
$
12,069
ROIC, pre-tax
17.1
%
8.5
%
(1) Net adjustment related to presumption that all aircraft in fleet are owned (i.e., the impact of eliminating aircraft rent expense and replacing with estimated depreciation expense for those same aircraft).
(2) Average invested capital represents a five quarter average of debt, net present value of aircraft leases, and equity.
Southwest Airlines Co.
Condensed Consolidated Balance Sheet
(in millions)
(unaudited)
June 30, 2014
December 31, 2013
ASSETS
Current assets:
Cash and cash equivalents
$
1,882
$
1,355
Short-term investments
2,112
1,797
Accounts and other receivables
447
419
Inventories of parts and supplies, at cost
435
467
Deferred income taxes
165
168
Prepaid expenses and other current assets
276
250
Total current assets
5,317
4,456
Property and equipment, at cost:
Flight equipment
17,592
16,937
Ground property and equipment
2,792
2,666
Deposits on flight equipment purchase contracts
688
764
Assets constructed for others
515
453
21,587
20,820
Less allowance for depreciation and amortization
7,860
7,431
13,727
13,389
Goodwill
970
970
Other assets
877
530
$
20,891
$
19,345
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
1,292
$
1,247
Accrued liabilities
1,645
1,229
Air traffic liability
3,485
2,571
Current maturities of long-term debt
605
629
Total current liabilities
7,027
5,676
Long-term debt less current maturities
2,153
2,191
Deferred income taxes
3,017
2,934
Construction obligation
468
437
Other noncurrent liabilities
710
771
Stockholders' equity:
Common stock
808
808
Capital in excess of par value
1,263
1,231
Retained earnings
6,979
6,431
Accumulated other comprehensive income (loss)
111
(3)
Treasury stock, at cost
(1,645)
(1,131)
Total stockholders' equity
7,516
7,336
$
20,891
$
19,345
Southwest Airlines Co.
Condensed Consolidated Statement of Cash Flows
(in millions)
(unaudited)
Three months ended June 30,
Six months ended June 30,
2014
2013
2014
2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
$
465
$
224
$
617
$
283
Adjustments to reconcile net income to cash provided by (used in)
operating activities:
Depreciation and amortization
228
213
449
422
Unrealized (gain) loss on fuel derivative instruments
(7)
55
(67)
33
Deferred income taxes
281
21
373
23
Changes in certain assets and liabilities:
Accounts and other receivables
10
(51)
(61)
(147)
Other assets
(21)
6
(14)
(19)
Accounts payable and accrued liabilities
132
162
156
282
Air traffic liability
153
199
914
907
Cash collateral received from (paid to) derivative counterparties
95
(53)
106
(25)
Other, net
2
2
(15)
1
Net cash provided by operating activities
1,338
778
2,458
1,760
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures
(500)
(193)
(907)
(727)
Purchases of short-term investments
(1,159)
(900)
(1,929)
(1,624)
Proceeds from sales of short-term and other investments
803
793
1,622
1,580
Other, net
(1)
—
(1)
—
Net cash used in investing activities
(857)
(300)
(1,215)
(771)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Employee stock plans
25
13
73
19
Payments of long-term debt and capital lease obligations
(73)
(52)
(119)
(216)
Payments of cash dividends
(42)
(28)
(97)
(43)
Repayment of construction obligation
(2)
—
(5)
—
Repurchase of common stock
(240)
(251)
(555)
(351)
Other, net
(8)
(9)
(13)
(22)
Net cash used in financing activities
(340)
(327)
(716)
(613)
NET CHANGE IN CASH AND CASH EQUIVALENTS
141
151
527
376
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
1,741
1,338
1,355
1,113
CASH AND CASH EQUIVALENTS AT END OF PERIOD
$
1,882
$
1,489
$
1,882
$
1,489
Southwest Airlines Co.
Fuel Derivative Contracts
As of July 21, 2014
Estimated economic jet fuel price per gallon,
including taxes
Average Brent Crude Oil price per barrel
3Q 2014 (2)
Full Year 2014 (2)
$85
$2.50 - $2.55
$2.75 - $2.80
$95
$2.70 - $2.75
$2.85 - $2.90
Current Market (1)
$2.95 - $3.00
$3.00 - $3.05
$115
$3.15 - $3.20
$3.10 - $3.15
$125
$3.30 - $3.35
$3.20 - $3.25
Period
Average percent of estimated fuel consumption covered by fuel derivative contracts at varying WTI/Brent Crude Oil, Heating Oil, and Gulf Coast Jet Fuel-equivalent price levels
Third quarter 2014
Approx. 35%
Full year 2014
Approx. 25%
2015
Approx. 40%
2016
Approx. 40%
2017
Approx. 40%
2018
Approx. 5%
(1) Brent crude oil average market prices as of July 21, 2014, were approximately $108 per barrel for third quarter and full year 2014.
(2) The Company has approximately 35 percent of its third quarter 2014 estimated fuel consumption covered by fuel derivative contracts with approximately 25 percent at varying Gulf Coast jet fuel-equivalent prices and the remainder at varying crude oil-equivalent prices. The Company has approximately 25 percent of its full year 2014 estimated fuel consumption covered by fuel derivative contracts with approximately 15 percent at varying Gulf Coast jet fuel-equivalent prices and the remainder at varying crude oil-equivalent prices. The economic fuel price per gallon sensitivities provided above assume the relationship between Brent crude oil and refined products based on market prices as of July 21, 2014.
Southwest Airlines Co.
737 Delivery Schedule
As of June 30, 2014
The Boeing Company
The Boeing Company
737 NG
737 MAX
-700 Firm Orders
-800 Firm Orders
Options
Additional
-700s
-7
Firm
Orders
-8
Firm
Orders
Options
Total
2014
—
33
—
17
—
—
—
50
(3)
2015
—
19
—
6
—
—
—
25
2016
31
—
12
—
—
—
—
43
2017
15
—
12
—
—
14
—
41
2018
10
—
12
—
—
13
—
35
2019
—
—
—
—
15
10
—
25
2020
—
—
—
—
14
22
—
36
2021
—
—
—
—
1
33
18
52
2022
—
—
—
—
—
30
19
49
2023
—
—
—
—
—
24
23
47
2024
—
—
—
—
—
24
23
47
2025
—
—
—
—
—
—
36
36
2026
—
—
—
—
—
—
36
36
2027
—
—
—
—
—
—
36
36
56
(1)
52
36
23
30
170
(2)
191
558
(1) The Company has flexibility to substitute 737-800s in lieu of 737-700 firm orders.
(2) The Company has flexibility to substitute MAX 7 in lieu of MAX 8 firm orders beginning in 2019.
(3) Includes 14 737-800s and nine 737-700s delivered as of June 30, 2014.
NOTE REGARDING USE OF NON-GAAP FINANCIAL MEASURES
The Company's unaudited consolidated financial statements are prepared in accordance with GAAP. These GAAP financial statements include (i) unrealized non-cash adjustments and reclassifications, which can be significant, as a result of accounting requirements and elections made under accounting pronouncements relating to derivative instruments and hedging and (ii) other charges the Company believes are not indicative of its ongoing operational performance.
As a result, the Company also provides financial information in this release that was not prepared in accordance with GAAP and should not be considered as an alternative to the information prepared in accordance with GAAP. The Company provides supplemental non-GAAP financial information, including results that it refers to as "economic," which the Company's management utilizes to evaluate its ongoing financial performance and the Company believes provides greater transparency to investors as supplemental information to its GAAP results. The Company's economic financial results differ from GAAP results in that they only include the actual cash settlements from fuel hedge contracts--all reflected within Fuel and oil expense in the period of settlement. Thus, Fuel and oil expense on an economic basis reflects the Company's actual net cash outlays for fuel during the applicable period, inclusive of settled fuel derivative contracts. Any net premium costs paid related to option contracts are reflected as a component of Other (gains) losses, net, for both GAAP and non-GAAP (including economic) purposes in the period of contract settlement. The Company believes these economic results provide a better measure of the impact of the Company's fuel hedges on its operating performance and liquidity since they exclude the unrealized, non-cash adjustments and reclassifications that are recorded in GAAP results in accordance with accounting guidance relating to derivative instruments, and they reflect all cash settlements related to fuel derivative contracts within Fuel and oil expense. This enables the Company's management, as well as investors, to consistently assess the Company's operating performance on a year-over-year or quarter-over-quarter basis after considering all efforts in place to manage fuel expense. However, because these measures are not determined in accordance with GAAP, such measures are susceptible to varying calculations and not all companies calculate the measures in the same manner. As a result, the aforementioned measures, as presented, may not be directly comparable to similarly titled measures presented by other companies.
Further information on (i) the Company's fuel hedging program, (ii) the requirements of accounting for derivative instruments, and (iii) the causes of hedge ineffectiveness and/or mark-to-market gains or losses from derivative instruments is included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
In addition to its "economic" financial measures, as defined above, the Company has also provided other non-GAAP financial measures, including results that it refers to as "excluding special items," as a result of items that the Company believes are not indicative of its ongoing operations. These include expenses associated with the Company's acquisition and integration of AirTran. The Company believes that evaluation of its financial performance can be enhanced by a presentation of results that exclude the impact of these items in order to evaluate the results on a comparative basis with results in prior periods that do not include such items and as a basis for evaluating operating results in future periods. As a result of the Company's acquisition of AirTran, which closed on May 2, 2011, the Company has incurred and expects to continue to incur substantial charges associated with integration of the two companies. While the Company cannot predict the exact timing or amounts of such charges, it does expect to treat the charges as special items in its future presentation of non-GAAP results.
The Company has also provided free cash flow and return on invested capital, which are non-GAAP financial measures. The Company believes free cash flow is a meaningful measure because it demonstrates the Company's ability to service its debt, pay dividends and make investments to enhance Shareholder value. Although free cash flow is commonly used as a measure of liquidity, definitions of free cash flow may differ; therefore, the Company is providing an explanation of its calculation for free cash flow. For the three months ended June 30, 2014, the Company generated $838 million in free cash flow, calculated as operating cash flows of $1.338 billion less capital expenditures of $500 million. For the six months ended June 30, 2014, the Company generated $1.55 billion in free cash flow, calculated as operating cash flows of $2.458 billion less capital expenditures of $907 million. The Company believes return on invested capital is a meaningful measure because it quantifies how well the Company generates operating income relative to the capital it has invested in its business. Although return on invested capital is commonly used as a measure of capital efficiency, definitions of return on invested capital may differ; therefore, the Company is providing an explanation of its calculation for return on invested capital (before taxes and excluding special items) in the accompanying reconciliation tables to the press release (See Return on Invested Capital).
SOURCE Southwest Airlines
... View more
07-23-2014
08:30 AM
07-23-2014
08:30 AM
Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2014 financial results. Details are as follows:
When:
Thursday, July 24, 2014 at 12:30 PM Eastern Time
Who:
Gary Kelly, Chairman of the Board, President and Chief Executive Officer
Tammy Romo, Senior Vice President Finance and Chief Financial Officer
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations, (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
SOURCE Southwest Airlines Co.
... View more
07-22-2014
11:00 AM
07-22-2014
11:00 AM
Students' Award-Winning Artwork Displayed in the Nation's Capitol Building
Southwest Airlines (NYSE: LUV) proudly shows its dedication to education and the arts through its ongoing support of the Congressional Art Competition, an annual, nationwide visual art competition hosted by the Congressional Institute.
Southwest Airlines sponsored the Congressional Art Competition for the 13 th consecutive year. In 2014, 370 congressional offices participated in the Congressional Art Competition, designed to encourage and celebrate artistic talent among youth.
In addition to the more than 350 students who received complimentary airfare to Washington, D.C., Southwest Airlines donated airfare for guardian guests to accompany the students to the Capitol, totaling more than 700 roundtrip ticket donations. Winning students who live in cities without convenient service to D.C. or the surrounding area were awarded alternate grand prizes.
"Southwest Airlines is proud of our continued support of the Congressional Art Competition," said Linda Rutherford, Southwest Airlines' Vice President, Communication & Outreach. "Traveling to D.C. to view their artwork hanging at the Capitol is a once-in-a-lifetime opportunity for these students, some of whom had never traveled on an airplane. This is a great honor for these students, and we hope it motivates them to continue to pursue their promising artistic talent."
For the personal story of one of last year's winning students, please visit: NUTS About Southwest.
ABOUT SOUTHWEST AIRLINES CO.
In its 44th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries. Some flights are operated by wholly owned subsidiary AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
SOURCE Southwest Airlines
... View more
07-22-2014
10:20 AM
07-22-2014
10:20 AM
Cartoon Network is First Children's Network on the Airline's Free Live Television Platform Provided through Global Eagle Entertainment This release contains: 1 Related Document
DALLAS and Southwest Airlines (NYSE: LUV) and Turner Broadcasting System, Inc. announced today it will add Cartoon Network to the carrier's inflight entertainment portal, which streams free live television programming to passengers' WiFi-equipped personal electronic devices at all phases of flight, compliments of DISH®. Content from Cartoon Network's popular programming such as Adventure Time, Regular Show, The Amazing World of Gumball, and Ben 10 Omniverse is now available for inflight viewing. Cartoon Network is the airline's first complete child-centric programming being offered onboard all Southwest WiFi-equipped aircraft, representing nearly 80 percent of the airline's fleet. The streaming TV service is provided through leading inflight content and connectivity partner Global Eagle Entertainment Inc. (Nasdaq: ENT). Cartoon Network programming is being provided by Turner Private Networks, a subsidiary of Turner Broadcasting that creates and distributes content for out-of-home networks.
"The addition of Cartoon Network to our breadth of programming is a big win for Southwest and our Customers," said Kevin Krone, Southwest Airlines Chief Marketing Officer. "This partnership with Turner and GEE continues to drive Customer value for our brand and even more choices for entertainment onboard."
"We're thrilled to partner with Southwest Airlines to offer some of our most popular programming from Cartoon Network to its passengers," said Debbie Cooper, president of Turner Private Networks. "Being the first children's network to be added to their TV lineup speaks volumes about the value of Cartoon Network and the importance of offering child-friendly content inflight as a viewing option for families during travel."
"As Southwest's partner to drive an enhanced and engaging passenger flight experience, we're excited to continue to add new services and content for passengers of all ages," said Wale Adepoju, EVP Customer Solutions for Global Eagle Entertainment. "We're seeing a rapidly growing trend among airlines to increase the content available to passengers. The addition of the Cartoon Network to Southwest's already broad live television offering is an excellent example of this."
Global Eagle Entertainment's live television platform is available to more than 100 million passengers each year on Southwest Airlines. It represents the first commercial offering of live television, operating via Internet Protocol television (IPTV) technology, streamed to passengers' own WiFi-enabled devices, and allows them to choose what to watch and stay connected to the world. The live television service is available to Customers gate-to-gate, and is currently free of charge to passengers, compliments of DISH®.
About Southwest Airlines Co.
In its 44th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries. Some flights are operated by wholly owned subsidiary AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
About Cartoon Network
Cartoon Network (CartoonNetwork.com) is regularly the #1 U.S. television network in prime among boys 6-11 & 9-14. Currently seen in 99 million U.S. homes and 194 countries around the world, Cartoon Network is Turner Broadcasting System, Inc.'s ad-supported cable service now available in HD offering the best in original, acquired and classic entertainment for kids and families. In addition to Emmy-winning original programming and industry-leading digital apps and online games, Cartoon Network embraces key social issues affecting families with solution-oriented initiatives such as Stop Bullying: Speak Up and the Move It Movement. Turner Broadcasting System, Inc., a Time Warner company, creates and programs branded news, entertainment, animation and young adult media environments on television and other platforms for consumers around the world.
About Global Eagle Entertainment
Global Eagle Entertainment Inc. (Nasdaq: ENT) is a worldwide provider of entertainment media, technologies and connectivity solutions to the travel industry. Through the industry's most comprehensive product and services platform, Global Eagle Entertainment provides airlines and the millions of passengers they serve with a wide range of inflight solutions, including Wi-Fi, movies, television, music, games and infotainment applications, as well as portable IFE solutions, content management services, e-commerce solutions and original content development. Serving over 150 airlines worldwide, Global Eagle Entertainment delivers exceptional quality and value to its customers to help them achieve their passenger experience objectives. The company's headquarters are located in Marina Del Rey, California, with offices and teams located in North America, Asia, the Middle East, Europe, Africa, Oceania and South America. Find out more at www.globaleagleent.com
SOURCE Southwest Airlines
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07-17-2014
08:30 AM
07-17-2014
08:30 AM
Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2014 financial results. Details are as follows:
When:
Thursday, July 24, 2014 at 12:30 PM Eastern Time
Who:
Gary Kelly, Chairman of the Board, President and Chief Executive Officer
Tammy Romo, Senior Vice President Finance and Chief Financial Officer
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations, (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
SOURCE Southwest Airlines Co.
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07-15-2014
11:30 AM
07-15-2014
11:30 AM
Upcycling Project Will Transform 43 Acres of Used Leather Seats Pilot Program Begins in Nairobi, Kenya, Additional Partners in Malawi and United States This release contains: 1 Related Document Southwest Airlines (NYSE: LUV) announced today the launch of LUV Seat: Repurpose with Purpose, a global sustainability initiative to upcycle 43 acres of used leather seat coverings into new products that will benefit communities by providing employment, skills training, and donated products. For more information on the project, visit www.swamedia.com/luvseat or visit Nuts About Southwest to read the blog post here.
LUV Seat: Repurpose with Purpose was developed following the Company's Evolve program, a large-scale redesign of all 737-700 aircraft, a portion of its 737-300 fleet, and is now standard on all new planes. The Evolve program replaced the leather seat covers and other interior elements with environmentally friendly materials. Through this redesign, Southwest reduced the weight of each aircraft by more than 600 pounds.
LUV Seat is an innovative upcycling project born from the Evolve program. By donating the used leather for social impact and keeping it out of landfills, Southwest Airlines is reinforcing its commitment to long-term global sustainable business operations and positioning itself as a leader in corporate responsibility.
"The Evolve redesign was a major milestone in supporting our sustainability goals," said Bill Tiffany, Vice President Supply Chain Management at Southwest Airlines. "But we didn't want to stop there—with the pilot of LUV Seat in Nairobi, Malawi, and the United States, we're embarking on a new vision of social impact through training, job creation, and ultimately product donation. We look forward to identifying additional partners through a call to action, using the hashtag #LUVSEAT, for our Employees, Customers, and the general public to share their ideas of how we should upcycle the remaining leather."
These initiatives are the first phase of a multi-year campaign to re-use Southwest's leather through upcycling projects around the world. The project partners aim to better people's lives and raise industry standards for the environment and communities in which they operate.
In Nairobi, Kenya (the project's pilot location), SOS Children's Villages Kenya, the primary non-profit partner that serves orphaned children and families in need, along with Alive & Kicking, Masaai Treads, and Life Beads Kenya, will use the leather to produce goods for distribution to local community groups.
"We are pleased to join with Southwest Airlines and thank them for launching the LUV Seat: Repurpose with Purpose program to benefit SOS Children's Villages in Kenya," said Lynn Croneberger, CEO of SOS Children's Villages – USA. "It's a fantastic, innovative program that will help make a positive impact on the lives of vulnerable women and children and the local community."
Through the partnership, SOS youth will receive paid apprenticeships and training to make shoes and soccer balls from the leather. When completed, the shoes will be distributed as part of an anti-jigger campaign. The upcycled soccer balls will be donated to support education programs that use sports to raise awareness about HIV/AIDS and Malaria prevention.
One recipient of the donated products is Cura Orphanage, a residence for children who have lost their parents to AIDS. Cura Orphanage is sponsored by Creative Visions Foundation, a non-profit that supports media and the arts to affect change in the world. Local partners Gina Din Foundation and GoodMaker Films worked with Southwest to develop the on-the-ground partnerships.
Other partners include, TeamLift, Inc. a U.S.-based nonprofit whose mission is to transform the lives of women and children in Sub-Saharan Africa. At a boarding school facility currently under construction in Malawi, TeamLift will develop a leather works training program that will teach important entrepreneurial skills while generating proceeds that will support the school.
In the United States, Looptworks, a Portland, Ore., based design company that rescues premium excess materials to design and produce sustainable goods will upcycle LUV Seat leather into limited edition, high-quality merchandise as part of Southwest's celebration of the end of the Wright Amendment in Dallas. Through partnering with Looptworks, Southwest will create needed jobs in a region that has been hard hit by the downturn in the economy.
Media Contact:
Multi-Media Assets and other Company news at swamedia.com Media Relations Team: 214-792-4847
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07-15-2014
11:00 AM
07-15-2014
11:00 AM
Upcycling Project Will Transform 43 Acres of Used Leather Seats
Pilot Program Begins in Nairobi, Kenya, Additional Partners in Malawi and United States
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Southwest Airlines (NYSE: LUV) announced today the launch of LUV Seat: Repurpose with Purpose, a global sustainability initiative to upcycle 43 acres of used leather seat coverings into new products that will benefit communities by providing employment, skills training, and donated products. For more information on the project, visit www.swamedia.com/luvseat or visit Nuts About Southwest to read the blog post here.
LUV Seat: Repurpose with Purpose was developed following the Company's Evolve program, a large-scale redesign of all 737-700 aircraft, a portion of its 737-300 fleet, and is now standard on all new planes. The Evolve program replaced the leather seat covers and other interior elements with environmentally friendly materials. Through this redesign, Southwest reduced the weight of each aircraft by more than 600 pounds.
LUV Seat is an innovative upcycling project born from the Evolve program. By donating the used leather for social impact and keeping it out of landfills, Southwest Airlines is reinforcing its commitment to long-term global sustainable business operations and positioning itself as a leader in corporate responsibility.
"The Evolve redesign was a major milestone in supporting our sustainability goals," said Bill Tiffany, Vice President Supply Chain Management at Southwest Airlines. "But we didn't want to stop there - with the pilot of LUV Seat in Nairobi, Malawi, and the United States, we're embarking on a new vision of social impact through training, job creation, and ultimately product donation. We look forward to identifying additional partners through a call to action, using the hashtag #LUVSEAT, for our Employees, Customers, and the general public to share their ideas of how we should upcycle the remaining leather."
These initiatives are the first phase of a multi-year campaign to re-use Southwest's leather through upcycling projects around the world. The project partners aim to better people's lives and raise industry standards for the environment and communities in which they operate.
In Nairobi, Kenya (the project's pilot location), SOS Children's Villages Kenya, the primary non-profit partner that serves orphaned children and families in need, along with Alive & Kicking, Masaai Treads, and Life Beads Kenya, will use the leather to produce goods for distribution to local community groups.
"We are pleased to join with Southwest Airlines and thank them for launching the LUV Seat: Repurpose with Purpose program to benefit SOS Children's Villages in Kenya," said Lynn Croneberger, CEO of SOS Children's Villages – USA. "It's a fantastic, innovative program that will help make a positive impact on the lives of vulnerable women and children and the local community."
Through the partnership, SOS youth will receive paid apprenticeships and training to make shoes and soccer balls from the leather. When completed, the shoes will be distributed as part of an anti-jigger campaign. The upcycled soccer balls will be donated to support education programs that use sports to raise awareness about HIV/AIDS and Malaria prevention.
One recipient of the donated products is Cura Orphanage, a residence for children who have lost their parents to AIDS. Cura Orphanage is sponsored by Creative Visions Foundation, a non-profit that supports media and the arts to affect change in the world. Local partners Gina Din Foundation and GoodMaker Films worked with Southwest to develop the on-the-ground partnerships.
Other partners include, TeamLift, Inc. a U.S.-based nonprofit whose mission is to transform the lives of women and children in Sub-Saharan Africa. At a boarding school facility currently under construction in Malawi, TeamLift will develop a leather works training program that will teach important entrepreneurial skills while generating proceeds that will support the school.
In the United States, Looptworks, a Portland, Ore., based design company that rescues premium excess materials to design and produce sustainable goods will upcycle LUV Seat leather into limited edition, high-quality merchandise as part of Southwest's celebration of the end of the Wright Amendment in Dallas. Through partnering with Looptworks, Southwest will create needed jobs in a region that has been hard hit by the downturn in the economy.
SOURCE Southwest Airlines
... View more
07-15-2014
09:30 AM
07-15-2014
09:30 AM
Southwest Airlines announces the launch of LUV Seat: Repurpose with Purpose, a global sustainability initiative to upcycle 43 acres of used leather seat coverings into new products that will benefit communities by providing access to employment, skills training and livelihoods.
For more information: swamedia.com/luvseat
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07-14-2014
10:08 AM
07-14-2014
10:08 AM
Dare to Dive Sweepstakes Launches Partnership, Giving Customers a Chance to Win a Trip to Nassau/Paradise Island and Diving Excursion! This release contains: 1 Related Document
Customers boarding a Southwest Airlines (NYSE: LUV) flight can take their seat and watch 'em eat as Sharks Fly Free across the friendly skies! Southwest and Discovery are excited to provide Customers and SHARK WEEK fans traveling this summer an experience they'll really sink their teeth into!
Beginning today, Customers can enjoy SHARK WEEK content onboard Southwest Airlines' WiFi-equipped aircraft via Southwest's exclusive SHARK WEEK channel. Customers will have the opportunity to view a never-before-seen special, Jaws Strikes Back, prior to its television debut. The show follows marine biologist Greg Skomal and the sharkcam team as they film an epic clash of the titans near the remote Pacific Island of Guadalupe, home to some of the largest great white sharks on earth. Their mission: to film Jaws hunt two-ton mega seals.
Discovery Channel's SHARK WEEK, which begins Aug. 10, is the longest running prime time series on television, as well as one of cable's most beloved summertime rituals. This year's SHARK WEEK features new destinations, breakthrough technologies, and exciting celebrity guests...and we're bringing the feeding frenzy to you. Customers flying Southwest Airlines can enjoy SHARK WEEK, live on Discovery, via Southwest's inflight entertainment portal, which delivers free live television programming to passengers' WiFi-equipped personal electronic devices at all phases of flight, compliments of Dish Network. The service is provided through leading inflight content and connectivity partner Global Eagle Entertainment Inc.
"We're always looking for ways to provide our Customers with a memorable experience," said Linda Rutherford, Southwest Airlines Vice President Communication and Outreach. "Partnering with Discovery will allow our Customers to be among the first to enjoy the wildly popular SHARK WEEK content onboard and we couldn't be more excited about this opportunity."
"We're thrilled to bring SHARK WEEK to the skies, giving our fans an inflight experience that celebrates this colossal TV event all summer long," said Josh Kovolenko, Discovery Vice President of Marketing.
Sharks on a plane not enough? Southwest and Discovery want to send you swimming with the sharks! Enter the Dare to Dive Sweepstakes for a chance to win a trip, including roundtrip air travel to Nassau/Paradise Island (in the form of three (3) $1,000 southwestgiftcards®); a three-night stay at the Colonial Hilton Nassau (in the form of a $2,000 voucher); and a diving excursion at Stuart Cove, Bahamas. To enter, visit www.southwest.com/sharkweek today through Aug. 16.
ABOUT SOUTHWEST AIRLINES CO.
In its 44th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries. Some flights are operated by wholly owned subsidiary AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
ABOUT DISCOVERY
Discovery Channel is dedicated to creating the highest quality non-fiction content that informs and entertains its consumers about the world in all its wonder, diversity and amazement. The network, which is distributed to 100.8 million U.S. homes, can be seen in 210 countries and territories, offering a signature mix of compelling, high-end production values and vivid cinematography across genres including, science and technology, exploration, adventure, history and in-depth, behind-the-scenes glimpses at the people, places and organizations that shape and share our world. For more information, please visit www.discovery.com.
ABOUT DISCOVERY COMMUNICATIONS
Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world's #1 nonfiction media company reaching more than two billion cumulative subscribers in 223 countries and territories. Discovery is dedicated to satisfying curiosity through 162 worldwide television networks, led by Discovery Channel, TLC, Animal Planet, Science and Investigation Discovery, as well as U.S. joint venture networks OWN: Oprah Winfrey Network, The Hub and 3net, the first 24-hour 3D network. Across the Nordic region, Discovery owns and operates SBS Discovery Media, a top-three portfolio of 20 television brands that feature leading nonfiction content, as well as locally produced entertainment programs, sports and the best scripted series and movies from major studios. Discovery also is the leading provider of educational products and services to schools, including an award-winning series of digital textbooks, and owns and operates a diversified portfolio of digital media services, including Revision3. For more information, please visit www.discoverycommunications.com.
ABOUT SHARK WEEK
SHARK WEEK, television's longest running must-see summer TV event, returns to Discovery Channel on Sunday, August 10. Building upon last year's 11 shark-filled specials, a whopping 13 SHARK WEEK shows coupled with a live talk show each night gives this year's SHARK WEEK the most premiere hours ever featured in the event's 27-year history. SHARK WEEK 2013 was the most-watched SHARK WEEK in the event's 26 year history across all key demos including Persons, Men and Women 25-54/18-49/18-34* delivery and even ranked as the #1 network in all of television among Men 18-49 delivery, no exclusions**. For more information, visit SharkWeek.com.
*Source: Nielsen. MultiTrak. NHI Calendar. DISC. Historical Shark Week Rank, Sun-Sat. 8/4/13 – 8/11/13. Live+SD AA% and (000).
**Source: Nielsen. MultiTrak. NHI Calendar. DISC = #1 Network in All of Television. M18-49 Live+SD Delivery Rank. Broadcast & Cable. Mon-Sun, 8/5/13 – 8/11/13.
Dare to Dive Official Rules
"Dare to Dive" Sweepstakes
Official Rules NO PURCHASE NECESSARY A PURCHASE DOES NOT INCREASE YOUR CHANCES OF WINNING VOID WHERE PROHIBITED OR RESTRICTED
1. Eligibility: The Sweepstakes is open to legal residents of the 48 contiguous United States and the District of Columbia who are 21 years of age or older as of date of sweepstakes entry. Employees of Southwest Airlines, Co. ("Sponsor"), Discovery Communications LLC, and each of their respective parent companies, divisions, subsidiaries and all coordinating agencies for the "Dare to Dive Sweepstakes" (the "Sweepstakes"), and the immediate families of each, and persons living in the same household of such employees are not eligible. Sweepstakes is governed by Texas law and is subject to all federal, state and local laws. Void in Puerto Rico, outside the US and where prohibited or restricted. By participating in the Sweepstakes, entrants agree to be bound by these Official Rules and the decisions of the judges and Sponsor, which shall be final and binding in all respects.
2. Sweepstakes Period: The Sweepstakes entry period begins at 8:00 A.M. CT on July 14, 2014 and ends at 11:59 P.M. C.T. on August 16, 2014 (the "Sweepstakes Period").
3. How To Enter: During the Sweepstakes Period, go to www.southwest.com/sharkweek to register for the Sweepstakes. At the sweepstakes website, you will be asked to provide certain registration information to register for the Sweepstakes drawing. Limit one (1) entry per day per person, immediate family, household, dwelling, street address, email address or account, phone line or account, DSL line or account, or cable line or account. If it is discovered that an entrant has attempted to enter with multiple e-mail addresses or under multiple identities, or uses any other method or device to enter multiple times per day during the Sweepstakes Period, such entrant will be disqualified. In the event of a dispute, online entries will be deemed to have been submitted by the Authorized Account Holder of the email address submitted at the time of entry. "Authorized Account Holder" means the natural person who is assigned to an email address by an Internet access provider, online service provider, or other organization that is responsible for assigning email addresses for the domain associated with the submitted email address, and entrant may be requested to provide Sponsor with proof that he or she is the Authorized Account Holder. Proof of submitting an entry will not be deemed to be proof of receipt by Sponsor. Multiple entrants are not permitted to share the same e-mail address. Any use of robotic, automatic, programmed or like entry methods will void all entries affected by such methods and be deemed tampering. Any attempt by an entrant to obtain more than one (1) entry, by using multiple/different e-mail addresses or any other methods will void that entrant's entries and that entrant may be disqualified. Sponsor assumes no responsibility for undeliverable e-mails resulting from any form of active or passive e-mail filtering by an entrant's Internet service provider and/or email client or for insufficient space in entrant's e-mail account to receive e-mail. Sponsor's computer is the official time keeping device for the Sweepstakes.
4. Prizes/Approximate Retail Value: The Grand Prize consists of three (3) $1000 southwestgiftcards®, a $2,000 voucher for a 3-night hotel stay at the Colonial Hilton Nassau; and a $600 gift certificate for the Shark Excursion at Stuart Cove. The Approximate Prize Value ("APV") of the Grand Prize is $5,600. The Grand Prize must be accepted as awarded. Currently, Southwest offers daily nonstop flights to Nassau from Baltimore Washington International Airport with limited connecting service. Travel to Nassau will be booked by Southwest Airlines Marketing Department. More than one reservation per person may be required to travel to Nassau. Valid government i.d. is required to travel. Travel on Southwest Airlines is subject to Southwest Airlines terms and conditions; certain restrictions may apply; travel booked will be on Southwest-operated, scheduled service only. If the winner does not live in a city served by Southwest Airlines, he/she is responsible for transportation to the nearest airport served by Southwest Airlines.
Terms for southwestgiftcard: A southwestgiftcard is only redeemable at southwest.com, 1-800-I-FLY-SWA, or any Southwest Airlines ticket counter for air travel only. A southwestgiftcard is not valid for the purchase of Vacation Packages, Cargo, Hotels, Rental Cars, Group Tickets, additional southwestgiftcards, EarlyBird Check-In, International Baggage Fees, or Inflight purchases. Only four total forms of payment, including southwestgiftcards, may be combined per purchase. A gift card is nonrefundable and not redeemable for cash or credit except where required by federal or applicable state law. A gift card is not replaceable if lost, stolen, or destroyed. Protect the card like cash. For balance check, call 1-866-393-2081. For any additional questions, call 214-932-0333. Activation or use of a southwestgiftcard constitutes acceptance of all terms and conditions listed at southwest.com/giftcard.
Colonial Hilton Nassau Gift Certificate: Expires September 1, 2015 and its use is subject to room availability.
Learn to Dive at Stuart Cove Gift Certificate: Participants must be at least 10 years old to participate in the Stuart Cove activity. Gift certificate expires September 1, 2015. Participation is subject to Stuart Cove's participation requirements and participants will be required to execute a liability release.
No substitutions are allowed. Odds of winning a Grand Prize depend on the number of eligible sweepstakes entries received during the Sweepstakes Period. No substitution, cash equivalent, or transfer of a prize will be permitted by winner. However, Sponsor reserves the right to substitute a prize (or an element of the prize) with an alternate prize (or prize element) of equal or greater retail value as determined in the sole discretion of Sponsor. Any entrant who is notified that he/she has won a Sweepstakes Prize is deemed to be a potential winner until such time as Sponsor determines that the entrant is eligible to win in accordance with these Official Rules. Limit one (1) prize per person or household over the course of the Sweepstakes Period. Winner is responsible for any travel related expenses not covered by the Grand Prize.
5. Sweepstakes Drawing: On or about August 18, 2014, a random drawing will be conducted by the Sponsor, whose decisions are final, to award the Grand Prize from among all eligible sweepstakes entries received during the Sweepstakes Period. Entrants need not be present to win. Prize will be awarded only after eligibility has been determined. This shall include, but not be limited to, entrants satisfying all of the elements of the registration eligibility criteria after a review of documentation and determination of Sponsor in its sole discretion, such determination which shall be deemed final. In addition, entrants shall have fulfilled all of the conditions and accurately completed the documentation required herein. Potential winner will be notified by telephone or email, and will be required to complete and sign an Affidavit of Eligibility and Liability Release and, where legal, a Publicity Release, which must be returned within seven (7) days after receipt or prize will be forfeited and awarded to an alternate winner. If prize notification is returned undeliverable or unclaimed, the prize will be awarded to an alternate winner. Any unclaimed or undeliverable prize will be forfeited and awarded to an alternate winner. Participation in this Sweepstakes and acceptance of a prize constitutes permission (except where prohibited) to use winner's name, hometown and likeness for purposes of advertising, promotion and publicity in any media without additional compensation. Allow 2-3 weeks for prize delivery.
6. Conditions of Participation & Certain Restrictions: The entrant is solely responsible for registering for the Sweepstakes drawing during the Sweepstakes Period, as well as replying to a prize notification email within five (5) days and properly claiming a prize within seven days of prize notification if selected as a potential winner. Prize may not be transferred or assigned. Noncompliance may result in disqualification. Once a prize has been delivered to a winner's residence via delivery-confirmed mail or courier, the prize is considered "awarded." Taxes on all prizes, if any, are the sole responsibility of the winner. Acceptance of a prize constitutes permission to the Sponsor to use winner's name and/or likeness for purposes of advertising and promotion without additional compensation, unless prohibited by law. By entering, entrants acknowledge compliance with these Official Rules, including all eligibility requirements. By participating, entrants agree to release Southwest Airlines, Co., Discovery Communications LLC, all prize providers and each of their respective parents, affiliates, subsidiaries, divisions, wholesalers, retailers or distributors or advertising and promotion agencies and each of their respective officers, directors, employees, agents or representatives (collectively, "Released Parties") from and against any and all claims, demands, losses and liabilities of any nature whatsoever, which entrant may now or hereafter be entitled to assert, including but not limited to, any death, injury, loss of enjoyment, damage to computer equipment, or other harm or loss of any nature whatsoever caused or contributed to by participation in the Sweepstakes, any prize awarded in the Sweepstakes and/or in connection with the awarding, receipt and use or misuse of prize or participation in any travel or prize-related activities, and/or claims based on publicity rights, defamation or invasion of privacy. All entries become the property of Sponsor and will not be acknowledged or returned. Released Parties are not responsible for misdirected, late, lost, delayed, inaccurate, damaged, garbled, incomplete, undelivered or stolen entries, delayed or misdirected entries for whatever reason, for lost, interrupted or unavailable network, cable, satellite, Internet Service Provider (ISP) or other connections, or for errors, omissions, interruptions, deletions, defects or delayed transmissions or in operations or transmission of information, in each case whether arising by the way of technical or other failures or malfunctions of computer hardware, software, communications devices, or transmission lines, or data corruption, theft, destruction, unauthorized access to or alteration of entry materials, loss or otherwise and any mechanical, electronic, network, computer, printing, typographical, human or other error relating to or in connection with the Sweepstakes, including, without limitation, errors which may occur in connection with the administration of the Sweepstakes, the processing of entries, the announcement of prizes or in any Sweepstakes-related materials. Sponsor reserves the right to cancel or modify the Sweepstakes if fraud, technical failures or any other factor beyond its reasonable control impairs the integrity of the Sweepstakes, as determined by Sponsor at its sole discretion. In such event, Sponsor reserves the right to award the prize at random from among the eligible entries received up to the time of the impairment. Sponsor reserves the right, in its sole discretion, to disqualify any individual they find to be tampering with the entry process or the operation of this Sweepstakes or to be acting in violation of these Official Sweepstakes Rules or any other promotion, or in an unsportsmanlike or disruptive manner. Any attempt by any person to deliberately undermine the legitimate operation of the Sweepstakes may be a violation of law, and, should such an attempt be made, Sponsor reserves the right to seek damages and other remedies (including attorneys' fees) from any such person to the fullest extent permitted by law. Sponsor's failure to enforce any term of these Official Rules shall not constitute a waiver of that provision. Winner is solely responsible for any and all expenses relative to the participation in the Sweepstakes (including acceptance of a prize) not specified herein.
7. Construction and Disputes: All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of any entrant and Sponsor in connection with the Sweepstakes, shall be governed by, and construed in accordance with the laws of the State of Texas, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Texas, or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Texas. The invalidity or unenforceability of any provision of these rules shall not affect the validity or enforceability of any other provision. In the event that any such provision is determined to be invalid or otherwise unenforceable, these Official Rules shall be construed in accordance with their terms as if the invalid or unenforceable provision was not contained therein.
THE EXCLUSIVE JURISDICTION FOR ANY DISPUTE SHALL BE IN THE FEDERAL OR STATE COURTS LOCATED IN DALLAS COUNTY, TEXAS.
8. Privacy: All information submitted by entrants in the Sweepstakes will be treated according to Sponsor's Privacy Policy, available at http://www.southwest.com/html/about-southwest/terms-and-conditions/privacy-policy-pol.html. By entering, you specifically acknowledge and agree that Sponsor may utilize information obtained from entrant in order to contact entrant and/or to offer their products or services or for other promotional purposes, including online announcements, and as otherwise permitted in their respective privacy policies.
9. List of Prize Winner: The name of the prize winner will be available after the termination of the Sweepstakes. To receive a winner's list, mail a self-addressed envelope accompanied with a signed, hand-printed request to the Sponsor at the address below labeled "Dare to Dive". All requests must be received by August 31, 2014.
10. Sponsor: Southwest Airlines, Co. P.O. Box 36611 - 1CR Dallas, Texas 75235-1611.
SOURCE Southwest Airlines
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07-09-2014
08:45 AM
07-09-2014
08:45 AM
This release contains: 1 Related Document
Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 10.1 billion revenue passenger miles (RPMs) in June 2014, a 2.2 percent increase from the 9.8 billion RPMs flown in June 2013. Available seat miles (ASMs) increased 0.9 percent to 11.7 billion from the June 2013 level of 11.6 billion. The June 2014 load factor was 86.1 percent, compared to 85.0 percent in June 2013. For June 2014, passenger revenue per ASM (PRASM) is estimated to have increased in the seven to eight percent range as compared to June 2013.
For the second quarter of 2014, the Company flew 28.6 billion RPMs, compared to 27.9 billion RPMs flown for the same period in 2013, an increase of 2.4 percent. Second quarter ASMs decreased 0.4 percent to 34.1 billion from second quarter 2013 ASMs of 34.2 billion. The second quarter load factor was 83.9 percent, compared to 81.6 percent for the same period in 2013. The Company currently expects the year-over-year increase in second quarter 2014 PRASM to exceed eight percent as compared to second quarter 2013.
For the first half of 2014, the Company flew 52.7 billion RPMs, compared to 51.7 billion RPMs flown for the same period in 2013, an increase of 2.0 percent. Year-to-date ASMs decreased 0.7 percent to 64.6 billion from 65.0 billion for the same period in 2013. The year-to-date load factor was 81.7 percent, compared to 79.5 percent for the same period in 2013.
This release, as well as past news releases about Southwest Airlines Co., is available online at southwest.com.
JUNE
2014
2013
Change
Revenue passengers carried
10,068,625
9,909,894
1.6%
Enplaned passengers
12,357,793
12,239,506
1.0%
Revenue passenger miles (000s)
10,066,937
9,846,172
2.2%
Available seat miles (000s)
11,692,896
11,588,034
0.9%
Load factor
86.1%
85.0%
1.1 pts.
Average length of haul
1,000
994
0.6%
Trips flown
109,758
113,989
(3.7)%
SECOND QUARTER
2014
2013
Change
Revenue passengers carried
29,155,114
28,960,367
0.7%
Enplaned passengers
35,790,140
35,530,779
0.7%
Revenue passenger miles (000s)
28,589,997
27,929,506
2.4%
Available seat miles (000s)
34,096,212
34,231,243
(0.4)%
Load factor
83.9%
81.6%
2.3 pts.
Average length of haul
981
964
1.8%
Trips flown
327,343
343,592
(4.7)%
YEAR-TO-DATE
2014
2013
Change
Revenue passengers carried
54,210,923
54,164,301
0.1%
Enplaned passengers
66,446,721
66,243,404
0.3%
Revenue passenger miles (000s)
52,745,314
51,686,249
2.0%
Available seat miles (000s)
64,570,794
65,032,668
(0.7)%
Load factor
81.7%
79.5%
2.2 pts.
Average length of haul
973
954
2.0%
Trips flown
626,981
662,106
(5.3)%
SOURCE Southwest Airlines
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07-01-2014
10:30 AM
07-01-2014
10:30 AM
Southwest Vacations Offers up to $200 off Select Travel Packages to New Destinations: Aruba, Jamaica, and The Bahamas This release contains: 1 Related Document, 9 Photos, 2 Videos The Employees of Southwest Airlines (NYSE: LUV) today launched an international future for America's largest domestic airline* by inaugurating service to three Caribbean destinations from three of its US gateway cities. Southwest Airlines' first international departure, Flight 1804 from Baltimore/Washington to Oranjestad, Aruba, departed ontime at 8:30am EDT, closely followed by Southwest Flight 906 to Montego Bay, Jamaica, where its first-ever scheduled international arrival was planned for just after 11am EST. A midday flight from Baltimore/Washington to Nassau/Paradise Island also brings Southwest Airlines' legendary Customer Service to The Bahamas.
To commemorate the beginning of a historic chapter for the carrier, Southwest Vacations is offering up to $200 off select travel packages booked now through July 14, 2014, for travel July 4, 2014, through Jan. 4, 2015 (blackout dates apply, three day advance purchase and minimum stay required, see detailed terms and conditions below.) The bundled travel packages featuring combinations of air, hotel, car, and activities can be booked now at southwestvacations.com.
"Thousands of our Employees have a hand in launching today's flights which begin to bring our convenient and affordable way of air travel to the world, and broaden the horizon for more than 100 million Customers who fly with us every year," said Teresa Laraba, Southwest's Senior Vice President of Customers, during a Caribbean-themed celebration and news conference near the departure gates at Baltimore/Washington International Thurgood Marshall Airport. "We've grown through four decades of profitable service to carry more domestic air travelers every day than any other airline, and this next chapter plants a flag for Bags Fly Free® and No Change Fees in foreign sand."
Customers on the carrier's inaugural international flights from Baltimore/Washington joined those in two other gateway cities of Atlanta, and Orlando who celebrated alongside Employees with commemorative beach balls, snorkels and masks.
At the Company's corporate headquarters in Dallas, Employees staffed a command center in the pre-dawn hours to monitor operational performance and new technology systems developed in partnership with Amadeus, a leading technology provider to the global travel industry. Its Altéa suite of technology solutions is powering Southwest's reservations, inventory, and departure control functions for international flying.
"We are extremely pleased that our next generation technology has enabled Southwest to achieve its goal of international flying. Amadeus is committed to delivering the solutions and services that help our customers connect, serve, and manage the evolving needs of the 21st Century traveler. We are very proud to be a partner of Southwest in achieving this significant milestone today and look forward to continuing to shape the future of travel together," said Julia Sattel, Senior Vice President, Airline IT, Amadeus.
Southwest Airlines previously announced details to convert by the end of this year all international service offered by wholly owned subsidiary AirTran Airways, including flights to Mexico and the Dominican Republic.
SOUTHWEST VACATIONS SPECIAL OFFER TERMS & CONDITIONS
Up to $200 ($25 per night, up to eight nights) promotion code savings apply on flight + hotel vacation packages of three or more nights to any Southwest Vacations® destination. Savings is reflected in the package price when using promotion code VACATION4U at the time of booking. Length of stay for flight and hotel components must match. Promotion code intended for redemption by individual consumer only. Savings valid if booked : July 1 through July 14, 2014 by 6:00 p.m. CT, for travel July 4, 2014 through Jan. 4, 2015. Blackout dates: sale fares from international destinations blacked out Nov. 21 & 22, 2014; sale fares from international destinations blacked out Nov. 29 through Dec. 2, 2014. A three-day advance purchase is required. Savings of up to $200 per reservation is only valid when using the promotion code VACATION4U at www.southwestvacations.com. Seats are limited and may not be available on some flights that operate during peak travel times and holiday periods. Some flights may be operated by AirTran® Airways. Flight and hotel rates may vary by day of the week. Surcharges may apply to weekends, holidays, and convention periods. Flights available on published, scheduled service only. Rates may be subject to change until purchased. All Rapid Rewards® rules and regulations apply. Discounts are valid per reservation before taxes are applied. Offer not valid on existing reservations and may not be combined with any other offer. Subject to availability. Restrictions apply.
ABOUT SOUTHWEST AIRLINES CO.
In its 44th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. *Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries. Some flights are operated by wholly owned subsidiary AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA
Media Contact:
Multi-Media Assets and other Company news at swamedia.com Media Relations Team: 214-792-4847
# # #
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06-30-2014
11:14 AM
06-30-2014
11:14 AM
This release contains: 1 Related Document
Jack Smith, currently Southwest Airlines' Vice President of Ground Operations, is being promoted to Senior Vice President of Operations, overseeing Technical Operations, Ground Operations, and Cargo and Charters. Jack is an industry veteran with more than 30 years of experience, joining Southwest from AirTran Airways, where he served as Senior Vice President of Customer Service. His aviation career includes leadership roles in Ground Operations, Inflight, Cargo, Reservations, and Customer Relations.
Steve Goldberg, currently Managing Director of Ground Operations, is being promoted to Vice President of Ground Operations. Steve joined Southwest in 1996 and has served as Managing Director since 2013. Steve will oversee airport operations at Southwest's 93 airports, including responsibility for 15,000 Ground Operations Employees.
Jim Sokol, the Company's longtime Vice President of Maintenance Operations, has announced his decision to retire, effective Sept. 15, 2014.
"Jim's contributions to our Operation, our Fleet, and our People guided the Maintenance Operation through the most challenging years our industry has experienced," says Mike Van de Ven, Southwest's Chief Operating Officer. "Under his Leadership, Southwest has remained a resilient and efficient operation benchmarked by companies around the globe."
Landon Nitschke will step into the Vice President of Maintenance Operations role opening as a result of Sokol's retirement. Landon currently serves as Senior Director of Maintenance. Prior to Southwest, Landon's airline career included the position of Managing Director of Line Maintenance at Northwest/Delta Airlines. He started his maintenance career in 1992 as an Aviation Maintenance Technician for Northwest/Delta. Landon's responsibilities include ensuring safe and reliable aircraft to Southwest Customers and Crew Members. This includes maintaining a fleet of nearly 700 aircraft.
The promotions for Jack, Steve, and Landon are effective July 1, 2014.
"This is a pivotal year for Southwest, and these individuals possess the Leadership we need in the face of increasing operational complexity," said Van de Ven. "I am confident that these are leaders who will position Southwest for new opportunities and future growth."
ABOUT SOUTHWEST AIRLINES CO.
In its 44th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries. Some flights are operated by wholly owned subsidiary AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
SOURCE Southwest Airlines
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Win the 'NKOTB Party Plane Experience' and Attend Opening Night Of The Exclusive Four-Night Run at the Axis at Planet Hollywood in Las Vegas!
Get excited! Block Nation Fans from across the country will have a chance to win a once-in-a-lifetime trip to fly on the official Southwest Airlines NKOTB Party Plane from Chicago-Midway to Las Vegas!
Southwest Airlines and New Kids On The Block's Joey McIntyre, Jordan Knight, Donnie Wahlberg, Jonathan Knight, and Danny Wood will give lucky fans and a guest a fan experience they'll never forget. In partnership with the airline, NKOTB is offering flights to Vegas for winners this July for their exclusive engagement at The AXIS powered by Monster at Planet Hollywood Resort & Casino in Las Vegas. From Thursday, July 10, through Sunday, July 13, fans can see NKOTB in a special four-night run, their ONLY North American appearance this year. Winning fans will not only receive a flight to Vegas from Chicago, but they will also receive flights to Chicago to catch the NKOTB Party Plane (restrictions apply), a two-night stay at Planet Hollywood, tickets for the opening night NKOTB concert run at The AXIS powered by Monster at Planet Hollywood, tickets to a private NKOTB party after the show on July 10, and return flights home.
Fans can enter for a chance to win on Southwest Airlines' Facebook Fan page at www.Facebook.com/southwest, as well as a chance to win by entering at www.NKOTB.com.
As previously announced, New Kids On The Block are set to host the ultimate Vegas weekend this summer. The multi-platinum selling act will show their U.S. fans some much wanted love with an exclusive engagement at The AXIS powered by Monster at Planet Hollywood Resort & Casino in Las Vegas. From Thursday, July 10, through Sunday, July 13, fans can see NKOTB in a special four night run, their ONLY North American appearance this year.
In what will certainly be the ultimate Vegas getaway weekend, fans will have the opportunity to hang with NKOTB at a variety of different events throughout the action packed four days. The group will be performing nightly at The AXIS, as well as hosting private daytime pool parties and late night after parties. Building off the unique experience of the annual NKOTB cruise, this weekend will be full of one-of-a-kind experiences with the five guys that fans won't want to miss. After going through a major transformation, The AXIS recently opened on Dec. 27, 2013 with its first resident artist, Britney Spears, and also serves as home to top touring acts including NKOTB. NKOTB will take over The AXIS stage for their own extended four-night run, the first time for any artist to do an extended run since Britney kicked off her show. Special room rates starting as low as $99 will be available for ticket holders.
Tickets are available now at www.ticketmaster.com. Exclusive VIP packages will be available at www.nkotb.com/vip, offering fans meet & greets and photo opportunities with the band.
See full NKOTB Party Plane contest details and official rules below.
New Kids On The Block NEW KIDS ON THE BLOCK sold more than 80 million albums worldwide -- including back-to-back international #1 songs, 1988's Hangin' Tough and 1990's Step By Step -- and a series of crossover smash R&B, pop hits like "You Got It (The Right Stuff)," "Cover Girl," "Didn't I (Blow Your Mind This Time)," "Hangin' Tough," "I'll Be Loving You," "Step By Step" and "Tonight." The group shattered concert box office records playing an estimated 200 concerts a year, in sold out stadiums throughout the world. They still hold many of these records to date. They were Forbes highest paid entertainers of 1990, beating out Michael Jackson and Madonna. The band boasted an extensive and highly profitable merchandise line which included everything from lunch boxes and sleeping bags to comic books, marbles and dolls. More Information is available at www.nkotb.com.
ABOUT SOUTHWEST AIRLINES CO. In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
THE AXIS POWERED BY MONSTER The AXIS Powered by Monster is the newly-renovated 7,000-seat theater at Planet Hollywood Resort & Casino, which opened on Dec. 27, 2013 with the venue's first artist-in-residence, Britney Spears and her show, "Britney: Piece of Me." Partnered with the world's leading promoter of live entertainment, Live Nation Entertainment, The AXIS marks Live Nation's first significant alliance with a venue of this size in Las Vegas. Through its exclusive, long-term partnership, Live Nation is dedicated to securing an impressive set of resident headliners and top touring acts to the venue. With a nod to the growing importance of nightlife to the Las Vegas visitor experience, The AXIS also features in innovative dance floor and VIP table seating concept that allows guests a one-of-a-kind concert experience that is made even more exceptional by the nightlife-oriented service provided by Drai's Management Group.
PLANET HOLLYWOOD RESORT & CASINO Planet Hollywood Resort & Casino is the newest member of the Caesars Entertainment family in Las Vegas and is a full partner in Total Rewards™. With 2,500 beautifully designed guest rooms and suites showcasing some of the best views in town, Planet Hollywood encompasses more than 100,000 square-feet of gaming, several lounges, ten restaurants including Gordon Ramsay BurGR, KOI, Strip House, the award-winning Spice Market Buffet and LA's Pink's Hot Dogs, and the Planet Hollywood Spa by Mandara. The resort is also home to one of pop music's biggest superstars Britney Spears' brand new show, "Britney: Piece of Me." The property is encircled by Miracle Mile Shops with more 170 specialty stores and restaurants. For more information, visit www.planethollywoodresort.com. Find Planet Hollywood on Facebook and follow on Twitter.
"NKOTB Party Plane" Sweepstakes Rules & Regulations NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCE OF WINNING. VOID IN PUERTO RICO AND WHERE PROHIBITED.
a. How to Enter the Sweepstakes a. Southwest Airlines and New Kids On The Block "NKOTB Party Plane" ("Sweepstakes") will begin at 9 a.m. CT on June 24, 2014 and will end at Midnight CT on Sunday, June 29, 2014 ("Sweepstakes Period"). This Sweepstakes consists of one Grand Prize Entrant must have internet access and a Facebook. You may create a Facebook account by accessing Facebook at http://www.facebook.com and following the instructions to create an account for free. Information you provide to Facebook to open an account is subject to Facebook's privacy policy, located at www.facebook.com/privacy.
b. During the Sweepstakes Period, enter the Sweepstakes by going to Southwest Airlines Fan Page on Facebook® at www.facebook.com/southwest and "comment" on the NKOTB Party Plane post and be directed to the official rules on the Nuts About Southwest blog. All entries submitted will not be acknowledged or returned. Use of any device to automate entry is prohibited. Proof of submission of an entry shall not be deemed proof of receipt by Southwest Airlines. Southwest Airlines' computer is the official time keeping device for the Sweepstakes. Southwest Airlines is not responsible for entries not received due to difficulty accessing the internet, service outage or delays, computer difficulties or other technological glitches. By entering this Sweepstakes, you agree to abide by these Official Rules and acknowledge that this Sweepstakes is in no way sponsored, endorsed, or administered by or associated with Facebook® and you agree to hold Facebook® and each of its parent, subsidiary and affiliated corporations, and the officers, shareholders, directors, employees, agents and representatives of same harmless against any and all claims or liability arising directly or indirectly from use or misuse of a prize or participation in the Sweepstakes. c. One entry per person is permitted. Any person found using multiple Facebook accounts to enter will be found to be ineligible.
b. Eligibility Restrictions a. The Sweepstakes is open to all legal residents of the 48 contiguous United States and the District of Columbia who are 18 years of age or older and the age of majority in their place of residence and have a valid e-mail address and Facebook account as of June 29, 2014. Void in Puerto Rico and where prohibited or restricted by law. The Sweepstakes is offered only in the United States. Employees of Southwest Airlines, AirTran Airways, NKOTB II, Inc., and the members of their immediate families (spouse and parents, children and siblings and their spouses) and individuals living in the same households of such employees are ineligible to enter or win. The Sweepstakes is subject to all applicable federal, state, and local laws and regulations. b. Only one winner per household is permitted in any Sweepstakes administered by Southwest Airlines. c. Entrants are required to provide truthful information and Southwest Airlines will reject and delete any entry that it discovers to be false or fraudulent. Southwest Airlines will disqualify any entry from individuals who do not meet the eligibility requirements, and Southwest Airlines will also delete any entry received from persons under the age of 13 in compliance with the Children's Online Privacy Protection Act.
c. Prizes: a. Grand Prize: Two (2) one-way tickets for the winner and one guest from the closest major airport to winner's residence served by Southwest Airlines, on Southwest Airlines published, scheduled service (subject to Southwest Airlines terms and conditions; certain restrictions may apply) to Chicago-Midway on or around Wednesday, July 9, 2014; two one-way tickets for the winner and one guest from Las Vegas, NV (LAS) to the closest major airport to winner's residence served by Southwest Airlines, on Southwest Airlines published, scheduled service (subject to Southwest Airlines terms and conditions; certain restrictions may apply) on or around July 11, 2014; two one-way tickets for the winner and one guest from Chicago-Midway to Las Vegas on Wednesday, July 9, 2014, on the Official Southwest NKOTB Party Plane; one-night hotel stay (double occupancy) in Chicago, IL on Tuesday, July 8, two-night hotel stay (double occupancy) at Planet Hollywood Las Vegas, Check-in on July 9, checking out on July 11, 2014; and two (2) NKOTB After Dark concert tickets on Thursday, July 10.
If the winner resides within 50 miles of Chicago, IL, the winner will not receive two (2) one-way tickets for the winner and one guest to Chicago and will not receive one-night hotel stay in Chicago. If the winner does not live in a city served by Southwest Airlines, he/she is responsible for transportation to the nearest airport served by Southwest Airlines. No substitutions are allowed. Valid government i.d. is required to travel
Approximate Prize Value is $1,750.00. Southwest Airline tickets are subject to Southwest Airlines terms and conditions and must be used on or around the 2014 NKOTB Party Plane dates. Tickets will not be refundable or redeemable for cash or credit at any time, nor will tickets be replaced if lost or stolen. Tickets may not be sold to a third party. Tickets valid on Southwest-operated, published, scheduled service only from the airport nearest the winner's residence served by Southwest Airlines. No prize substitutions, cash equivalent, or transfer of prizes permitted except at the sole discretion of the Sponsors. Prize subject to availability and the Sponsors reserves the right, at its sole discretion, to award a prize of greater or equal value if the advertised prize is unavailable. Taxes and any travel or other expenses not mentioned above are solely the responsibility of the winner. Tickets are subject to Southwest Airlines terms and conditions. Tickets are not valid on code-share or AirTran operated service, or any international service. Certain restrictions may apply. Use of tickets is subject to airline's conditions and tariffs, and to all applicable federal regulations. Winner and guest must travel on the same itinerary. . If travel guest is a minor, winner must be his/her parent/guardian, or be accompanied by his/her parent/guardian. b. In the event that a prize or prize certificate is mailed to the winner, it will be with the prior written consent of the winner and therefore, winner assumes the risk of its loss. Sponsors are not responsible for the safe arrival of a prize or prize certificate.
d. Selection of Winner On or about June 30, 2014, a random drawing from all eligible entries received during the entry period will be conducted by Sponsor. Sponsor's decisions are final on matters relating to this Sweepstakes. Prize is guaranteed to be awarded. Sponsor reserves the right to substitute prize of equal or greater value. Odds of winning depend on the total number of eligible entries received. Potential winner will be notified vie either Facebook® or via e-mail. Entrants need not be present to win. Potential winner notification will be made on or about June 30, 2014 by the Sponsor via Facebook. The potential winner will be asked to contact Southwest with a given e-mail address provided via comment on the entrant's Facebook. Prizes will be awarded only after eligibility has been determined. This shall include, but not be limited to, entrants satisfying all of the elements of the registration eligibility criteria after a review of documentation and determination of Sponsor in its sole discretion, such determination which shall be deemed final. In addition, entrants shall have fulfilled all of the conditions and accurately completed the documentation required herein. Potential winner must execute and return any required affidavit of eligibility and/or liability/publicity release in which they agree to hold Sponsor, Facebook, and each of their parent, subsidiary and affiliated corporations, and the officers, shareholders, directors, employees, agents and representatives harmless against any and all claims or liability arising directly or indirectly from use or misuse of a prize or participation in the Sweepstakes. Guest of winner, or if minor(s) their parent(s)/legal guardian(s), must execute a Liability Release, and where legal, a Publicity Release prior to the issuance of travel documents. Affidavits will be mailed or emailed based on the potential winner's preference beginning July 1, 2014. Affidavits must be executed and returned within seven (7) days or prize will be forfeited and an alternate winner may be chosen. If a potential winner cannot be contacted, is unable to accept the Grand Prize as awarded, fails to sign and return the required affidavit of eligibility and liability/publicity release within the required time period, or if a prize or prize notification is returned as undeliverable, potential winner forfeits prize and it will be awarded to an alternate winner. Upon timely completion of required affidavits and release, winner should expect to receive their prize in the mail by July 7, 2014.
e. Conditions a. Payments of all federal, state and local taxes are solely the responsibility of the winner. Winner may be required to sign an IRS Form W-9 or the equivalent. b. By participating in the Sweepstakes, the winner agree to have their name, voice, or likeness used in any advertising or broadcasting material relating to this Sweepstakes without additional financial or other compensation unless prohibited by law, and, where legal, to sign a publicity release confirming such consent prior to acceptance of the prize. c. Southwest Airlines and NKOTB II, Inc. are not responsible for lost, stolen, mangled, miss-delivered, postage due, illegible, incomplete or late entries, telephone service outages, delays, busy signals, equipment malfunctions and any other technological difficulties that may prevent an individual from entering or claiming a prize. d. Southwest Airlines and NKOTB II, Inc. in their sole discretion, reserve the right to disqualify any person tampering with the entry process, the operation of Southwest Airlines website, or otherwise in violation of the rules. They further reserve the right to cancel, terminate or modify the Sweepstakes if it is not capable of completion as planned, including infection by computer virus, bugs, tampering, unauthorized intervention or technical failures of any sort. e. Sponsors reserve the right to make changes in the rules of the Sweepstakes, including the substitution of a prize of greater or equivalent value, which will become effective upon announcement. f. Failure to comply with the Sweepstakes rules may result in a participant's disqualification solely at the discretion of the Sponsor. g. The Sponsor is not responsible for typographical or other errors in the printing, the offering or the administration of the Sweepstakes, or in the announcement of a prize. h. Copies of the written Sweepstakes rules and a winner list (when complete) are available during regular business hours at Southwest Airlines, P.O. Box 36611, Dallas, TX 75235-1611. For a winner list, send a self-addressed return envelope, after June 30, 2014. All requests must be received by August 1, 2014.
i. Each entrant or participant fully releases and holds harmless Facebook against any and all claims or liability arising directly or indirectly from participation in the Sweepstakes, and each entrant acknowledges that by entering the Sweepstakes they are providing information to Sponsor and not to Facebook.
f. Limitation of Liability: Neither Southwest Airlines Co., AirTran Airways, Inc., nor their affiliated entities, are responsible for printing or typographical errors in any sweepstakes related materials; or transactions that are processed late or incorrectly or are lost due to computer or electronic malfunction.
Winner and guest assume all liability for any injury or damage caused, or claimed to be caused by participation in this sweepstakes, redemption of any prize, and use or misuse of any prize.
By entering, entrant agrees to hold harmless and indemnify Southwest Airlines Co. and its parents, subsidiaries, affiliates, directors, officers, employees, and agents against any and all liability, damages, or causes of action (however named or described), with respect to or arising out of (i) entrant's participation in the sweepstakes, (ii) the receipt of the prizes, and/or (iii) use or misuse of the prizes awarded herein.
g. Construction and Disputes: All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of any entrant and Sponsor in connection with the Sweepstakes, shall be governed by, and construed in accordance with the laws of the State of Texas, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Texas, or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Texas. The invalidity or unenforceability of any provision of these rules shall not affect the validity or enforceability of any other provision. In the event that any such provision is determined to be invalid or otherwise unenforceable, these Official Rules shall be construed in accordance with their terms as if the invalid or unenforceable provision was not contained therein.
THE EXCLUSIVE JURISDICTION FOR ANY DISPUTE SHALL BE IN THE FEDERAL OR STATE COURTS LOCATED IN DALLAS COUNTY, TEXAS.
h. Sponsor Southwest Airlines Co., P.O. Box 36611, Dallas, TX 75235-1611
SOURCE Southwest Airlines
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06-17-2014
11:05 AM
06-17-2014
11:05 AM
2013 Southwest Airlines One Report™ Adheres to Global Reporting Initiative Guidelines This release contains: 5 Photos
Southwest Airlines (NYSE: LUV) released its fifth annual award-winning integrated report to highlight how the carrier is working to achieve its vision to become the World's Most Loved, Most Flown, and Most Profitable Airline. The 2013 Southwest Airlines One Report uses a triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the Planet, which can be found exclusively online at southwestonereport.com or southwest.com/citizenship. To view and download photos from the One Report, visit swamedia.com. To read a behind-the-scenes blog post authored by one of the Employees featured in the 2013 One Report, please visit the NUTS About Southwest blog.
"We're pleased to announce the Southwest Airlines 2013 One Report, which highlights the many milestones Southwest Airlines achieved this past year, from an unmatched 41 st consecutive year of profitability, to significant steps in our fleet modernization, to our inaugural service to destinations beyond the continental United States," said Gary Kelly, Southwest Airlines Chairman, President, and CEO. "The People of Southwest Airlines are committed to connecting people to what's important in their lives through friendly, reliable, and low cost air travel, and the 2013 One Report shares that story."
Interesting statistics that can be found in the 2013 One Report include:
PERFORMANCE: Southwest Airlines achieved record revenues of $17.7 billion in 2013, boosted by strong yields and an 80.1 percent load factor. Through the combination of stable fuel prices and rigorous cost control efforts, the Company met its goal to improve cost performance. Despite a roller coaster economy, the Company achieved record earnings, and, while just short of its 15 percent pre-tax return on invested capital (excluding special items) (ROIC) target, produced the best pre-tax ROIC since 2000.
PEOPLE: Southwest Airlines Employees volunteered more than 144,000 hours, which is enough time to fly between Orlando International Airport and San Juan Luis Munoz Marin International Airport— one of Southwest's first near-international routes—52,364 times.
PLANET: By continuing to improve our fuel efficiency from 2012 to 2013, we saved nearly 60 million gallons of jet fuel—that's equivalent to approximately 9,900 roundtrip flights between Chicago Midway (MDW) and Las Vegas (LAS) while at the same time achieving an absolute decrease in greenhouse gas emissions.
Southwest Airlines' award-winning One Report adheres to the Global Reporting Initiative (GRI) and features parallel CDP (formerly Carbon Disclosure Project) reporting that covers effective management of environmental risks, focusing on greenhouse gas emissions and climate change strategies.
The 2013 One Report achieved a B+ level under GRI guidelines. Southwest remains a leader in its industry and among others as one of only a handful of U.S. companies publishing an integrated corporate sustainability report.
ABOUT SOUTHWEST AIRLINES CO.
In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 93 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
www.southwest.com
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06-09-2014
08:00 AM
06-09-2014
08:00 AM
Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 9.4 billion revenue passenger miles (RPMs) in May 2014, a 0.6 percent increase from the 9.3 billion RPMs flown in May 2013. Available seat miles (ASMs) decreased 1.5 percent to 11.2 billion, from the May 2013 level of 11.4 billion. The May 2014 load factor was 83.7 percent, compared to 81.9 percent in May 2013. For May 2014, passenger revenue per ASM (PRASM) is estimated to have increased in the eight to nine percent range compared to May 2013.
For the first five months of 2014, the Company flew 42.7 billion RPMs, compared to 41.8 billion RPMs flown for the same period in 2013, an increase of 2.0 percent. Year-to-date ASMs decreased 1.1 percent to 52.9 billion from 53.4 billion for the same period in 2013. The year-to-date load factor was 80.7 percent, compared to 78.3 percent for the same period in 2013.
This release, as well as past news releases about Southwest Airlines Co., is available online at southwest.com.
MAY
2014
2013
Change
Revenue passengers carried
9,686,239
9,841,037
(1.6)%
Enplaned passengers
11,933,623
12,042,511
(0.9)%
Revenue passenger miles (000s)
9,404,596
9,347,439
0.6%
Available seat miles (000s)
11,235,662
11,410,078
(1.5)%
Load factor
83.7%
81.9%
1.8 pts.
Average length of haul
971
950
2.2%
Trips flown
109,257
115,711
(5.6)%
YEAR-TO-DATE
2014
2013
Change
Revenue passengers carried
44,142,298
44,254,407
(0.3)%
Enplaned passengers
54,088,928
54,003,898
0.2%
Revenue passenger miles (000s)
42,678,377
41,840,077
2.0%
Available seat miles (000s)
52,877,898
53,444,633
(1.1)%
Load factor
80.7%
78.3%
2.4 pts.
Average length of haul
967
945
2.3%
Trips flown
517,223
548,117
(5.6)%
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Southwest Airlines (NYSE: LUV) proudly shows its dedication to the LGBT (Lesbian, Gay, Bisexual, and Transgender) community through its recognition of Gay Pride Month in June and its support of LGBT-focused community partnerships throughout the year.
"Southwest Airlines has a unique Culture based on respect, recognizing the value of all our Employees, the importance of our Communities, and dedicated service to our Customers," said Ellen Torbert, Southwest Airlines' Vice President of Diversity and Inclusion. "We enjoy the opportunity to recognize Gay Pride Month each June, but our commitment to the LGBT community isn't just a month-long celebration. We give back to the LGBT community throughout the year through our ongoing community partnerships."
2014 activities include:
Jan. 29 - Feb. 2 | National Gay and Lesbian Task Force, the 26th National Conference on LGBT Equality: Creating Change, Houston
Southwest Airlines was recognized with the 2014 Corporate Leadership Award at Creating Change. The honor comes as a result of the financial and in-kind support Southwest provided as both the Official Airline of Creating Change and as one of the Task Force's national corporate partners.
March 11-13 | Out & Equal, Momentum, San Francisco
Southwest Airlines was a sponsor for Momentum, the Annual Out & Equal Leadership Celebration, which celebrates advances in workplace equality and the individuals and organizations who take the lead on fundamental issues of equal rights, both in and out of the workplace.
May 15 - June 30 | San Francisco LGBT Community Center, Pride Month "You Have a Friend at the Center" Fundraising Campaign, San Francisco
Southwest Airlines' partnership helps the allied community members support the Center's innovative services and cultural programs. Southwest's sponsorship also aids the Center's "You Have a Friend at the Center," BOLD Awards Ceremony and Reception, and Economic Empowerment Week fundraising efforts, as well as guest speaker and staff development travel, and volunteer appreciations.
July 31 - Aug. 3 | Gay Straight Alliance Network (GSA), National Gathering of GSA Networks, Minneapolis
Southwest is the Official Airline of GSA Network, and will help fly students to the annual conference and assist with fundraising at GSA's annual "Fabulous by Design" reception, which will take place on Sept. 18, 2014, in San Francisco.
Sept. 13 | Gay and Lesbian Alliance Against Defamation (GLAAD), Fall Gala, San Francisco
Southwest Airlines proudly supports GLAAD's Fall Gala. This black-tie event will honor and celebrate Bay Area corporate and media leaders who are doing creative, groundbreaking work to advance LGBT equality.
Sept. 18-25 | Chicago Filmmakers, REELING 2014, Chicago
Southwest is the Official Airline of REELING 2014, The 32nd Chicago LGBT International Film Festival. REELING, the second oldest LGBT film festival in the world, returns with another slate of movies that showcase not only diversity within the LGBT community but also diversity in the range of possibilities within film itself.
Oct. 2-4 | Reaching Out MBA (ROMBA), the Reaching Out LGBT MBA Conference, San Francisco
As the Official Airline of the Reaching Out LGBT MBA Conference, Southwest Airlines is proud to support ROMBA's mission to empower LGBT MBA students to become professionals who will lead the way to equality in business education, the workplace, and society.
Nov. 3-6 | Out & Equal, 2014 Out & Equal Workplace Summit, San Francisco
Southwest Airlines is a proud sponsor of the 16th Annual Out & Equal Workplace Summit, a four-day conference that convenes lesbian, gay, bisexual, transgender, and ally professionals from across industries to advance workplace equality.
Nov. 3-8 | Gay Men's Chorus of Los Angeles, It Gets Better Tour, Philadelphia
Southwest is the Official Airline of the It Gets Better tour and will fly artists to and from Philadelphia for the residency week and the show.
December | Gay and Lesbian Alliance Against Defamation, GLAAD Tidings, Los Angeles
Southwest Airlines is proud to be the Presenting Partner of this annual event, now in its 16th year, and a staple in the Los Angeles LGBT events calendar, providing crucial year-end fundraising toward GLAAD's programmatic work.
ABOUT SOUTHWEST AIRLINES CO.
In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 96 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
SOURCE Southwest Airlines
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06-04-2014
09:00 AM
06-04-2014
09:00 AM
Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the Deutsche Bank 5th Annual Global Industrials and Basic Materials Conference. Deutsche Bank will be webcasting the audio 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 audio webcast are as follows:
Date:
Thursday, June 5, 2014
Time:
2:40 p.m. Eastern Time
Speaker:
Tammy Romo, Senior Vice President Finance and Chief Financial Officer
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet. If you experience problems listening to the webcast, click on Help in the webcast browser.
SOURCE Southwest Airlines Co.
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06-03-2014
11:05 AM
06-03-2014
11:05 AM
Our Fall Travel Sale has Arrived! Act Fast--These Fares Won't Last!
Southwest Airlines (NYSE: LUV) and wholly owned subsidiary AirTran Airways are launching a three-day sale offering extra low fares for fall travel. Customers can take advantage of these low fares starting at $49, $99, $129, and $149 one-way to select destinations today through Thursday, June 5, 2014, 11:59 p.m. for the respective time zone of the originating city. Fares are available for travel on nonstop flights every day except Fridays and Sundays beginning Aug. 25 through Dec. 17, 2014 (check fare rules for restrictions and exclusions). Blackout dates include Sept. 1 and Nov. 21 through Dec. 2, 2014. Seats are limited. Some flights are operated by AirTran Airways. Now you can find all your low fare options, including AirTran sale fares, on www.southwest.com.
To see the list of available cities and prices and to take advantage of Southwest and AirTran's special fares, visit www.southwest.com.
Examples of Southwest Airlines' low fares include (see Fare Rules below):
$49 one-way nonstop between Chicago (Midway) and Memphis
$49 one-way nonstop between Baltimore/Washington (BWI) and Boston Logan
$99 one-way nonstop between San Diego and Seattle
$99 one-way nonstop between Austin and Denver
$129 one-way nonstop between Washington, D.C. (Reagan National) and Houston (Hobby)
$149 one-way nonstop between Atlanta and Los Angeles
ABOUT SOUTHWEST AIRLINES CO. In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 96 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees (fare difference may apply) when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
SOUTHWEST AIRLINES FARE RULES Purchase from June 3 through June 5, 2014, 11:59 p.m. for the respective time zone of the originating city. Travel August 25 through December 17, 2014, excluding Fridays and Sundays. Travel DAL-BWI, DAL-DCA, DAL-DEN, DAL-LAS, DAL-LAX, DAL-MCO, and DAL-MDW available Oct. 13 through Dec. 17, 2014. Travel DAL-ATL, DAL-BNA, DAL-FLL, DAL-LGA, DAL-PHX, DAL-SAN, DAL-TPA, ATL-PUJ, CUN-MDW, MBJ-MDW, SAT-MEX, and SNA-MEX available Nov. 3 through Dec. 17, 2014. Travel to Florida or Nevada is valid Sunday through Wednesday only. Additionally, travel from Florida or Nevada valid Tuesday through Friday only. Travel between Nevada and Florida is valid on Tuesdays and Wednesdays only. Blackout Dates Apply: September 1 and November 21 - December 2, 2014. Some flights operated by AirTran® Airways. Displayed prices include all U.S. and international government taxes and fees. Seats are limited. Fares may vary by destination, flight, and day of week and won't be available on some flights that operate during very busy travel times and holiday periods. Fares are available for one-way travel. Fares may be combined with other Southwest Airlines® combinable fares. If combining with other fares, the most restrictive fare's rules apply. Sale fares may be available on other days of week, but not guaranteed. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines®, so long as you cancel your reservations at least ten minutes prior to the scheduled departure of your flight. Failure to cancel prior to departure will result in forfeiture of remaining funds on the reservation. Any change in itinerary may result in an increase in fare. Standby travel requires an upgrade to the Anytime Fare. Fares are subject to change until ticketed. Offer applies to published, scheduled service only.
www.southwest.com
SOURCE Southwest Airlines
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05-30-2014
06:08 PM
05-30-2014
06:08 PM
Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the Deutsche Bank 5th Annual Global Industrials and Basic Materials Conference. Deutsche Bank will be webcasting the audio 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 audio webcast are as follows:
Date:
Thursday, June 5, 2014
Time:
2:40 p.m. Eastern Time
Speaker:
Tammy Romo, Senior Vice President Finance and Chief Financial Officer
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet. If you experience problems listening to the webcast, click on Help in the webcast browser.
SOURCE Southwest Airlines Co.
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05-28-2014
11:15 AM
05-28-2014
11:15 AM
This release contains: 1 Related Document, 7 Photos, 1 Video Southwest Airlines (NYSE: LUV) today announced mobile boarding passes are now available for Customers traveling throughout the United States. Today’s announcement marks the completion of the domestic rollout of the technology that will make getting through the airport quicker and greener. With the airline’s mobile boarding passes, Customers can use their smartphones or other electronic devices to get through security checkpoints and to board their aircraft.
The airline has worked tirelessly to enhance the Customer experience and to bring the technology to all airports it serves in the United States. Testing began in the fall of 2013 in Austin, followed by successful pilot programs in Houston and Dallas.
"Mobile boarding passes are a great tool to help our Customers quickly get through the airport and on their flights," said Kevin Krone, Southwest Airlines Chief Marketing Officer. "This was a high priority for Southwest, and it’s just one of the many ways we are improving the overall Customer Experience."
This announcement comes on the heels of an update last week to their iOS and Android apps adding information about upcoming trips to the homepage. Customers can now quickly view the information that matters most while traveling, like flight status, boarding position, and gate information. Travel information will update in the app beginning 24 hours prior to a flight allowing Customers to check in and access their mobile boarding pass from the homepage.
To download the app or learn how to use mobile boarding passes, visit southwest.com/mobile.
ABOUT SOUTHWEST AIRLINES CO. In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 96 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
Media Contacts:
Dan Landson Dan.landson@wnco.com
Multi-Media Assets and other Company news at swamedia.com Media Relations Team: 214-792-4847
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05-22-2014
11:00 AM
05-22-2014
11:00 AM
This release contains: 1 Related Document, 1 Photo Southwest Airlines announced this week that Captain Craig Drew has been named Vice President Flight Operations. In his new role, effective June 2, Drew will be responsible for the airline's flight operations functions, which include 10 Pilot Bases nationwide, Crew Scheduling, and the Flight Training Center.
"Craig has a strong vision and energy for Leading Southwest's Flight Operations into the future," said Executive Vice President and Chief Operating Officer Mike Van de Ven. "He knows the importance of Teamwork and developing outstanding People. I am looking forward to partnering with Craig in his new role."
Additionally, after serving as Vice President Flight Operations for the past seven years, Captain Chuck Magill is taking on a new position at the carrier as Vice President Operational Coordination. In this role, Magill will work closely with Frontline Employees to ensure operational excellence across all departments.
Drew began his Southwest career in 1990 as a First Officer and was promoted to Captain in 1994. For the last seven years, he has served as the Chief Pilot of the Las Vegas Base. His accomplishments include graduating from Southwest's Managers in Training Program, a course designed for high performers; serving as a Check Airman since 2007; and participating in the Company's Adopt-A-Pilot Community Relations program for the last 12 years. Prior to joining Southwest, Drew served as the Director of Flight Standards at SkyWest Airlines and was an FAA Designated Examiner. Drew holds an Airline Transport Pilot Certificate with a type rating in the 737. Drew earned a Bachelor of Science from Brigham Young University and a Master of Science from California State University.
As Vice President Flight Operations, Drew will lead approximately 8,300 Flight Operations Employees, managing the hiring, training, safety, standardization, and administration of the carrier's Pilots. He and his Team will work closely to continue developing and implementing policies and procedures to ensure safe and efficient flight operations at Southwest Airlines.
ABOUT SOUTHWEST AIRLINES CO. In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 96 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA. Media Contact:
Media Relations Team: 214-792-4847 swamedia@wnco.com
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05-20-2014
08:00 AM
05-20-2014
08:00 AM
Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the Wolfe Research 7th Annual Global Transportation Conference. Wolfe Research will be webcasting the audio 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 audio webcast are as follows:
Date:
Wednesday, May 21, 2014
Time:
9:30 a.m. Eastern Time
Speaker:
Tammy Romo, Senior Vice President Finance and Chief Financial Officer
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet. If you experience problems listening to the webcast, click on Help in the webcast browser.
SOURCE Southwest Airlines Co.
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05-19-2014
01:14 PM
05-19-2014
01:14 PM
Hometown Carrier Extends into the Community with a Southwest Porch This release contains: 14 Photos
Southwest Airlines (NYSE: LUV) today unveiled its newest Southwest Porch in conjunction with a partnership with Klyde Warren Park. Southwest Airlines created a fun, branded location in front of the Relish food window on the corner of Olive and the westbound side of Woodall Rogers.
"Southwest Airlines is Dallas' hometown airline, and we invest in all the communities we serve. Klyde Warren Park is one of the most popular outdoor locations in the city and creating a long-term partnership with this iconic location in Dallas was important for Southwest," said Kevin Krone, Southwest Airlines Chief Marketing Officer. "This year is a big one for Southwest and Dallas—we have great things planned and are ready to celebrate with the community."
"We are thrilled to have Southwest Airlines as a Klyde Warren Park partner and to offer our park patrons a new fantastic amenity," said Tara Green, Klyde Warren Park President. "The Southwest Porch enhances the experience at Relish, with its fresh design, unique seating options and a comfortable lounge area. The Porch is unlike anything else we have, and we are excited that this partnership has created a new area to bring even more programs and events to the park."
Southwest celebrated the opening of the Southwest Porch today with local community partners and representatives from Southwest and Klyde Warren Park. The Porch is an extension of Relish, which serves quick to-go fare, including signature relish burgers and hotdogs, a variety of French fries and hot beignets for breakfast. Relish is open Monday through Sunday, from 11 a.m.—8p.m. Guests will be able to enjoy the sounds and sights of the park from the Southwest Porch, as well as free Wi-Fi.
Southwest Airlines created its first Southwest Porch in New York City's Bryant Park in 2009. With the success of that Porch, the airline extended the program to other cities like Denver and Atlanta. Engaging in the communities and connecting people to what's important in their lives has always been a priority for Southwest Airlines. The Southwest Porch creates an opportunity for Southwest to take its legendary Customer Service into the community and give folks the flavor of the brand—outside the aircraft.
ABOUT SOUTHWEST AIRLINES CO.
In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 96 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at www.southwestonereport.com.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
ABOUT KLYDE WARREN PARK
Klyde Warren Park is a 5.2-acre deck park, bridging Uptown Dallas to Downtown Dallas. The park includes a performance pavilion, restaurant, dog park, children's park, great lawn, shaded walking paths, water features, free Wi-Fi, ping pong and foosball tables, and a reading and games area. The mission of Klyde Warren Park is to provide free daily programs to all visitors. Klyde Warren Park is privately operated and managed by the Woodall Rodgers Park Foundation, a 501(c)(3) nonprofit organization. For more information on programming, volunteering or to make a donation to support free daily programs, please visit www.KlydeWarrenPark.org.
SOURCE Southwest Airlines
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05-19-2014
12:15 PM
05-19-2014
12:15 PM
Carrier Extends Flight Schedule through Early 2015, Plans Final Integration of AirTran Airways This release contains: 1 Related Document, 1 Photo Southwest Airlines (NYSE: LUV) today extended its bookable flight schedules through Jan. 4, 2015, and published dozens of new nonstop markets for Customers flying the carrier from Dallas Love Field and Ronald Reagan Washington National Airport. The schedule also includes new Southwest Airlines service to an additional Caribbean destination—Punta Cana, Dominican Republic—as well as to North America's largest metropolitan area, Mexico City. The new flights are available for purchase now at southwest.com.
"There are some big gifts for everyone in this holiday schedule: our initial nonstop offerings for a liberated Love Field in Dallas, and nearly triple the flights we currently offer at Reagan National Airport," said Bob Jordan, Southwest Airlines Executive Vice President and Chief Commercial Officer. "We're also bringing Southwest service to the final two international destinations on the network we created after acquiring AirTran Airways in 2011. That integration will be completed on-plan by the end of this year."
New, nonstop service for Dallas Love Field with introductory fares of $99 one-way or less. (see detailed fare rules below)
Beginning Oct. 13, 2014, Southwest will offer nonstop service between Dallas and:
Baltimore/Washington (three roundtrips a day)
Chicago Midway (five roundtrips a day, up to six as of Nov. 2)
Denver (three roundtrips a day)
Las Vegas (three roundtrips a day, up to four as of Nov. 2)
Los Angeles (three roundtrips a day, up to four as of Nov. 2)
Orlando (two roundtrips a day, up to three as of Nov. 2)
Washington Reagan National (three roundtrips a day, up to six as of Nov. 2)
Beginning Nov. 2, 2014, Southwest will offer nonstop service between Dallas and:
Atlanta (four roundtrips a day)
Fort Lauderdale/Hollywood (two roundtrips a day)
Nashville (two roundtrips a day)
New York LaGuardia (three roundtrips a day)
Phoenix (four roundtrips a day)
San Diego (two roundtrips a day)
Santa Ana/Orange County (one roundtrip a day)
Tampa Bay (two roundtrips a day)
Southwest Airlines also announces today new nonstop service between Washington Reagan National Airport and both Akron/Canton and Indianapolis beginning Nov. 2, 2014, increasing the carrier’s service at Reagan National from a present day offering of 17 departures to 44 departures a day by year’s end to a total 14 destinations: Atlanta, Akron/Canton, Austin, Chicago Midway, Dallas Love Field, Houston Hobby, Fort Myers, Indianapolis, Kansas City, Milwaukee, Nashville, New Orleans, St. Louis, and Tampa Bay. Southwest Airlines also adds new nonstop service between Washington Dulles and both Las Vegas and San Diego, and to existing nonstop destinations of Chicago Midway and Denver.
Sample introductory fares available on new nonstop service to/from Washington, DC airports: (see detailed fare rules below)
Akron/Canton and Washington Reagan National from $69 one-way
Indianapolis and Washington Reagan National from $69 one-way
Las Vegas and Washington Dulles from $169 one-way
San Diego and Washington Dulles from $179 one-way
Southwest Airlines continues its historic launch of international service with two additional destinations*—Mexico City and Punta Cana, Dominican Republic—added on Nov. 2, 2014, to the carrier's network map of more than 90 destinations across five countries in North America and the Caribbean.
New, daily international service on Southwest Airlines beginning Nov. 2, 2014, with introductory fares from U.S. gateway cities: (see detailed fare rules below)
Atlanta and Punta Cana*, from $165 one-way
Austin and Cancun*, from $168 one-way
Baltimore/Washington and Punta Cana*, from $195 one-way
Chicago Midway and Cancun*, from $178 one-way
Chicago Midway and Montego Bay, from $159 one-way
Chicago Midway and Punta Cana*, from $195 one-way
San Antonio and Mexico City*, from $103 one-way
Santa Ana/Orange County and Mexico City*, from $133 one-way
*subject to government approvals
AirTran Airways Fully Integrated into Southwest Airlines by End of 2014
AirTran Airways Flight 1 will operate on Sunday, Dec. 28, 2014, as the carrier’s final scheduled departure. The evening flight from Atlanta Hartsfield-Jackson International Airport to Tampa Bay reprises the first flight the carrier operated on Oct. 26, 1993. Southwest Airlines Co. announced its acquisition of AirTran Airways in September 2010, and closed the transaction on May 2, 2011. The FAA awarded the Company a single operating certificate for the two carriers on March 1, 2012, and the Company plans to close 2014 with wholly owned subsidiary AirTran fully-integrated into Southwest Airlines serving a network of 93 destinations in five countries.
DALLAS LOVE FIELD INTRODUCTORY FARE RULES, TERMS & CONDITIONS
Customers may purchase tickets from May 19-23, 2014, 11:59 p.m. for the respective time zone of the originating city for travel Oct. 13-Dec. 17, 2014 for Dallas Love Field to Baltimore/Washington, Chicago Midway, Denver, Las Vegas, Los Angeles, Orlando, and Washington Reagan National. Travel effective Nov. 2-Dec. 17, 2014 for Dallas Love Field to Atlanta, Nashville, Fort Lauderdale/Hollywood, New York LaGuardia, Phoenix, San Diego, Santa Ana/Orange County, and Tampa Bay. Blackout Dates Apply: Nov. 22 - 26 and Nov. 28 – Dec. 1, 2014. Travel valid every day except Fridays & Sundays. Displayed prices include all U.S. government taxes and fees. Seats are limited. Fares may vary by destination, flight, and day of week and won't be available on some flights that operate during very busy travel times and holiday periods. Fares are available for one-way travel. Fares may be combined with other Southwest Airlines combinable fares. If combining with other fares, the most restrictive fare's rules apply. Sale fares may be available on other days of week, but not guaranteed. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines, so long as Customers cancel reservations at least ten minutes prior to the scheduled departure. Failure to cancel prior to departure will result in forfeiture of remaining funds on the reservation. Any change in itinerary may result in an increase in fare. Standby travel requires an upgrade to the Anytime Fare. Fares are subject to change until ticketed. Offer applies to published, scheduled service only.
WASHINGTON, D.C. INTRODUCTORY FARE RULES, TERMS & CONDITIONS Customers may purchase from May 19-25, 2014, 11:59 p.m. for the respective time zone of the originating city for travel Nov. 2-Dec. 17, 2014, excluding Fridays and Sundays. Travel to Las Vegas is valid Sunday through Wednesday only. Additionally, travel from Las Vegas valid Tuesday through Friday only. Blackout Dates Apply: Nov. 21 – Dec. 2, 2014. Displayed prices include all U.S. government taxes and fees. Seats are limited. Fares may vary by destination, flight, and day of week and won't be available on some flights that operate during very busy travel times and holiday periods. Fares are available for one-way travel. Fares may be combined with other Southwest Airlines combinable fares. If combining with other fares, the most restrictive fare's rules apply. Sale fares may be available on other days of week, but not guaranteed. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines, so long as Customers cancel reservations at least ten minutes prior to the scheduled departure. Failure to cancel prior to departure will result in forfeiture of remaining funds on the reservation. Any change in itinerary may result in an increase in fare. Standby travel requires an upgrade to the Anytime Fare. Fares are subject to change until ticketed. Offer applies to published, scheduled service only.
INTERNATIONAL INTRODUCTORY FARE RULES, TERMS & CONDITIONS Customers may purchase from May 19-25, 2014, 11:59 p.m. for the respective time zone of the originating city for travel Nov. 2-Dec. 14, 2014. Displayed prices include all U.S. and international government taxes and fees. Seats are limited. Fares may vary by destination, flight, and day of week and won't be available on some flights that operate during very busy travel times and holiday periods. Fares are available for one-way travel. Fares may be combined with other Southwest Airlines combinable fares. If combining with other fares, the most restrictive fare's rules apply. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines, so long as Customers cancel reservations at least ten minutes prior to the scheduled departure. Failure to cancel prior to departure will result in forfeiture of remaining funds on the reservation. Any change in itinerary may result in an increase in fare. Standby travel requires an upgrade to the Anytime Fare. Fares are subject to change until ticketed. Offer applies to published, scheduled service only.
ABOUT SOUTHWEST AIRLINES CO.
In its 43rd year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other carriers with exemplary Customer Service delivered by more than 45,000 Employees to more than 100 million Customers annually. Based on the most recent data available from the U.S. Department of Transportation, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded. The airline also operates the largest fleet of Boeing aircraft in the world to serve 96 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest is one of the most honored airlines in the world, known for its triple bottom line approach that takes into account the carrier's performance and productivity, the importance of its People and the communities it serves, and its commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at southwest.com/citizenship.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With Southwest Airlines, Bags Fly Free ® (first and second checked pieces of luggage, size and weight limits apply), and there are no change fees when you need to change your flight. Southwest's fleet offers leather seating and the comfort of full-size cabins, a majority of which are equipped with satellite-based WiFi connectivity over the United States, which enables live and video-on-demand TV currently FREE compliments of DISH, and a new, sustainable cabin interior. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest. With 41 consecutive years of profitability, the People of Southwest and AirTran operate more than 3,600 flights a day. Southwest Airlines' frequent flights and low fares are available online at southwest.com or by phone at 800-I-FLY-SWA.
Media Contacts:
Brad Hawkins Brad.HawkinsPR@wnco.com
Multi-Media Assets and other Company news at swamedia.com Media Relations Team: 214-792-4847
# # #
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05-15-2014
06:45 PM
05-15-2014
06:45 PM
Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the Wolfe Research 7th Annual Global Transportation Conference. Wolfe Research will be webcasting the audio 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 audio webcast are as follows:
Date:
Wednesday, May 21, 2014
Time:
9:30 a.m. Eastern Time
Speaker:
Tammy Romo, Senior Vice President Finance and Chief Financial Officer
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet. If you experience problems listening to the webcast, click on Help in the webcast browser.
SOURCE Southwest Airlines Co.
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05-14-2014
11:07 AM
05-14-2014
11:07 AM
Declared 151st Consecutive Quarterly Dividend Increased Quarterly Dividend
Announces New Share Repurchase Authorization
Announces Accelerated Share Repurchase Program
Southwest Airlines (NYSE: LUV) (the "Company") announces the Southwest Airlines Board of Directors, at its meeting held today, increased the Company's quarterly dividend by 50 percent and authorized a new $1 billion share repurchase program. Under the new $1 billion share repurchase authorization, an initial $200 million of Southwest common stock will be repurchased under an accelerated share repurchase program. The quarterly dividend will increase to $.06 per share from $.04 per share, beginning with the 151st consecutive quarterly dividend declared today to Shareholders of record at the close of business on June 4, 2014 on all shares then issued and outstanding. The dividend will be paid on June 25, 2014. Annualized, this increased dividend amounts to over $160 million based on approximately 692 million1 shares of common stock outstanding.
Gary C. Kelly, Chairman of the Board, President, and CEO, stated: "The actions taken today by our Board are in recognition of our strong financial position and performance, strong cash flow outlook, and dedication to returning value to our Shareholders. The Board authorized an increase in our quarterly dividend payment to $.06 per share from $.04 per share. Based on yesterday's closing stock price of $24.98, this would provide an approximate one percent annual dividend yield to our Shareholders. The Board also authorized a new $1 billion share repurchase program. Last week, we completed our previous total $1.5 billion share repurchase authorization, bringing the cumulative return to Shareholders through share repurchases and dividends, since August 2011, to approximately $1.7 billion.
"Today's announcement enables us to further Southwest's long-standing commitment to deploy capital back to our Shareholders, while preserving our financial strength. We have maintained an investment-grade credit rating for over 30 years, the only U.S. airline with such a distinction. Our balance sheet and liquidity remain strong with cash and short-term investments of approximately $3.7 billion 1 , and a fully available unsecured revolving credit line of $1 billion. As of April 30, 2014, we have reduced our debt and capital lease obligations, net, by approximately $1.5 billion since the acquisition of AirTran, and intend to repay an additional $470 million in debt and capital lease obligations for the remainder of this year.
"With the upcoming repeal of the Wright Amendment, launch of international service, launch of service from the additional slots acquired at New York's LaGuardia Airport and Reagan Washington National Airport, and the planned completion of the AirTran integration, 2014 is a monumental year for Southwest and our Shareholders. We are very pleased with the successful execution of our major strategic initiatives thus far, which have contributed significantly to our profits. The momentum from our record first quarter 2014 results continued into April, with strong traffic and revenue trends. Based on these trends and our current outlook, we are on track with our plan to achieve a 15 percent pre-tax return on invested capital, excluding special items, this year."
As of May 9, 2014, the Company completed its previous total $1.5 billion share repurchase authorization, including $200 million, or approximately 8.6 million shares, under an accelerated share repurchase program launched in February 2014. Under the total $1.5 billion share repurchase authorization, the Company repurchased approximately 126 million shares, which has reduced its shares outstanding by over 15 percent since August 2011. The Company intends to execute an agreement today to implement a new $200 million accelerated share repurchase program. The remaining $800 million of authorized share repurchases under the new program will be made in accordance with applicable securities laws in open market, private, or accelerated repurchase transactions from time to time, depending on market conditions, but may be discontinued at any time.
1 As of May 12, 2014
Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include without limitation statements related to (i) the Company's financial plans, goals, and expectations; (ii) the Company's financial outlook and targets and projected results of operations; (iii) the Company's expectations with respect to liquidity and capital expenditures (including its plans for the repayment of debt and capital lease obligations); (iv) the Company's network plans, opportunities, and expectations; and (v) the Company's integration of AirTran. These forward-looking statements are based on the Company's current intent, expectations, and projections and are not guarantees of future performance. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) demand for the Company's services and the impact of economic conditions, fuel prices, and actions of competitors (including, without limitation, pricing, scheduling, and capacity decisions and consolidation and alliance activities) on the Company's business decisions, plans, and strategies; (ii) the Company's ability to timely and effectively implement, transition, and maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iii) the Company's ability to timely and effectively prioritize its strategic initiatives and related expenditures; (iv) the Company's ability to successfully integrate AirTran and realize the expected synergies and other benefits from the integration; (v) the impact of governmental action and regulation related to the Company's operations; (vi) the Company's dependence on third parties with respect to certain of its initiatives; and (vii) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
SOURCE Southwest Airlines
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05-13-2014
09:00 AM
05-13-2014
09:00 AM
Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast presentation of its Annual Meeting of Shareholders. A link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows:
Date:
Wednesday, May 14, 2014
Time:
10:00 a.m. Central Time
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet. If you experience problems listening to the webcast, click on Help in the webcast browser.
SOURCE Southwest Airlines Co.
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05-08-2014
06:00 PM
05-08-2014
06:00 PM
Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast presentation of its Annual Meeting of Shareholders. A link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows:
Date:
Wednesday, May 14, 2014
Time:
10:00 a.m. Central Time
Web Address:
http://southwest.investorroom.com/
Contact:
Investor Relations (214) 792-4415
To access the live audio webcast, 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. Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/past-events.
Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet. If you experience problems listening to the webcast, click on Help in the webcast browser.
SOURCE Southwest Airlines Co.
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05-08-2014
08:00 AM
05-08-2014
08:00 AM
Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 9.1 billion revenue passenger miles (RPMs) in April 2014, a 4.4 percent increase from the 8.7 billion RPMs flown in April 2013. Available seat miles (ASMs) decreased 0.6 percent to 11.2 billion, compared to April 2013. The April 2014 load factor was 81.7 percent, compared to 77.8 percent in April 2013. For April 2014, passenger revenue per ASM (PRASM) is estimated to have increased in the seven to eight percent range compared to April 2013.
For the first four months of 2014, the Company flew 33.3 billion RPMs, compared to 32.5 billion RPMs flown for the same period in 2013, an increase of 2.4 percent. Year-to-date ASMs decreased 0.9 percent to 41.6 billion from 42.0 billion for the same period in 2013. The year-to-date load factor was 79.9 percent, compared to 77.3 percent for the same period in 2013.
This release, as well as past news releases about Southwest Airlines Co., is available online at southwest.com.
APRIL
2014
2013
Change
Revenue passengers carried
9,319,209
9,209,436
1.2%
Enplaned passengers
11,498,724
11,248,762
2.2%
Revenue passenger miles (000s)
9,118,464
8,735,895
4.4%
Available seat miles (000s)
11,167,654
11,233,131
(0.6)%
Load factor
81.7%
77.8%
3.9 pts.
Average length of haul
978
949
3.1%
Trips flown
108,328
113,892
(4.9)%
YEAR-TO-DATE
2014
2013
Change
Revenue passengers carried
34,375,018
34,413,370
(0.1)%
Enplaned passengers
42,155,305
41,961,387
0.5%
Revenue passenger miles (000s)
33,273,781
32,492,638
2.4%
Available seat miles (000s)
41,642,236
42,034,555
(0.9)%
Load factor
79.9%
77.3%
2.6 pts.
Average length of haul
968
944
2.5%
Trips flown
407,966
432,406
(5.7)%
SOURCE Southwest Airlines Co.
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