Southwest Airlines ( (LUV) ) has issued an announcement.
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Southwest Airlines Co. has completed a sale-leaseback transaction with BBAM for 35 of its Boeing 737-800 aircraft, resulting in gross proceeds of $871 million and expected gains of $92 million for Q4 2024. This transaction is part of Southwest’s fleet monetization strategy aimed at reducing operational costs and supporting capital allocation for future fleet updates and shareholder returns.
More about Southwest Airlines
Southwest Airlines Co. operates in the airline industry, primarily providing passenger air transportation services. The company focuses on offering low-fare, high-frequency flights in the United States and has been working on fleet modernization strategies.
YTD Price Performance: 0.72%
Average Trading Volume: 6,755,457
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $20.16B
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