Southwest Airlines ( (LUV) ) has issued an update.
On January 30, 2025, Southwest Airlines reported record financial results for the fourth quarter and full year 2024, with net income of $261 million and $465 million, respectively. The company achieved record operating revenues, driven by strong execution of tactical initiatives and robust demand. Additionally, Southwest Airlines announced a $750 million accelerated share repurchase program, while expressing optimism about its ongoing ‘Southwest. Even Better.’ transformational plan, including a newly amended co-brand agreement with Chase. The company aims to enhance shareholder returns and modernize customer experience, supported by a positive industry backdrop and strategic cost reduction targets.
More about Southwest Airlines
Southwest Airlines Co. operates in the airline industry, providing domestic and international air travel services. The company focuses on delivering cost-effective, reliable, and customer-friendly flight experiences and is recognized for its operational efficiency and financial stability.
YTD Price Performance: -5.15%
Average Trading Volume: 6,841,599
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $19.1B
See more insights into LUV stock on TipRanks’ Stock Analysis page.