BNET Industries
Market Cap:$8.3B
Last Fiscal Year Sales:$9.9B
- Public
- US
Dow Jones Description
Southwest Airlines was incorporated in Texas and commenced Customer Service on June 18, 1971, with three Boeing 737 aircraft serving three Texas cities - Houston, Dallas, and San Antonio. Today, Southwest operates more than 500 Boeing 737 aircraft between 64 cities. Southwest topped the monthly domestic originating passenger rankings for the first time in May 2003. Yearend results for 2007 marked Southwest?s 35th consecutive year of profitability. Southwest became a major airline in 1989 when it exceeded the billion-dollar revenue mark. Southwest is the United States? most successful low-fare, high frequency, point-to-point carrier. Southwest operates more than 3,300 flights a day coast to coast, making it the largest U.S. carrier based on domestic departures.
Number of Employees 35,000
Contact Information
2702 Love Field Dr
PO Box 36611
Dallas, Texas 75235-1908
(214) 792-4000
Peer Companies
NAICS Code Scheduled Passenger Air Transportation: 481111
Recent Events
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The Greatest Stocks of the Next Generation
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Southwest to fly out of P.C. to Baltimore, Orlando, Houston and Nashville
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Southwest Airlines November Traffic rises 11.7%, Load Factor climbs
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Southwest Airlines Declares 133rd Consecutive Quarterly Dividend
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Concur's Fourth Quarter and Fiscal 2009 Results Exceed Expectations
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Southwest, TDC inks pact in Dallas
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Blackstone Group buys Southwest Airlines shares
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12 money-saving tips for renting a car
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Blackstone Group buys Southwest Airlines shares
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US Airways, Southwest take different odds on Las Vegas flights
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Trying to Understand Airline Executive Compensation
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Southwest Launches New Fare Sale
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Southwest Airlines Green Plane
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Southwest launches BWI-to-Milwaukee service
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Southwest pilots ratify contract
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American exec named Lambert airport director
News & Analysis
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delta and southwest airlines co. - All News and Analysis
Aircraft News - North America
- 2008-09-08
Sep 8, 2008 Ballistic Recovery Systems, manufacturer of whole-aircraft emergency parachute systems, has entered into an agreement with Martin Jetpacks to supply its emergency parachute recovery system for its ultralight system. BRS says its parachute will enable "the jetpack pilot to be saved during a catastrophic failure even when...
Southwest success hinges on hedges
- 2008-07-24
Southwest Airlines today reports what almost certainly will be its 69th-consecutive quarterly profit, a string dating back to 1991. It won't be the first time that the USA's leading discount carrier has earned money while a financial crisis threatened other carriers' survival. ...
Airline Finance News - North America
- 2008-04-21
Apr 21, 2008 Airlines are permitted to self-report compliance through an US Federal Aviation Administration system, the reliability of which has been questioned in the past. It crunches data, tracks trends, and helps to identify risks and safety priorities. Airline self-reporting underpins much of FAA oversight, and the agency...
Airline Finance News - North America
- 2008-04-07
Apr 7, 2008 Aloha Airgroup, a closely held Hawaiian airline that filed for bankruptcy protection, ended service April 1 when it couldn't find a buyer or financing to stay in business. ATA Airlines, a Midwest carrier based in Indianapolis, shut down the following day when it sought bankruptcy protection,...
Airline Finance News - North America
- 2008-02-18
Feb 18, 2008 The Airline Reporting Corporation reports air sales gain. The Airline Reporting Corporation ARC reported $7.1 billion in sales for January 2008, a 6.2 percent increase over January 2007. The report covers 18,203 retail locations and 1,416 satellite STP locations. Average daily sales were $11,729 for...
Airline Finance News - North America
- 2008-01-28
Jan 28, 2008 Airline executives see no sign of slowing economy. Airline executives say they are having a difficult time boosting fares to cover the soaring costs of jet fuel. Still, many executives say they see no sign of a recession in the U.S. economy. Some airlines have scaled...
Fitch: U.S. Airlines' Credit Outlook Improving, Balance Sheet Repair to Continue in 2007
- 2006-12-05
CHICAGO -- The credit profiles of the largest U.S. airlines are likely to improve again in 2007, as healthy supply and demand fundamentals set the stage for another year of meaningful progress toward debt reduction and balance sheet repair. Indeed, despite the fact that jet fuel prices will likely remain...
Discount airlines poised to benefit
- 2005-09-19
Deep financial trouble at Delta and Northwest airlines could open up market opportunities for discount giant Southwest and other aggressive low-cost carriers. No.3 Delta and No.4 Northwest filed Chapter 11 bankruptcy last week in New York, and both are expected to pare domestic routes as they reorganize. It's too...
Southwest Airlines heads to Pittsburgh
- 2005-01-06
Amid intensifying competition in the airline industry, expansion-minded discounter Southwest Airlines said Wednesday that it will launch service in Pittsburgh in May. The Dallas-based carrier is seizing opportunity from US Airways' recent retrenchment there. The announcement follows Southwest's recent expansion at pivotal Chicago Midway. It comes the same...
CORRECTION: Southwest deal with ATA could open access to Dallas-area airport.
- 2004-12-17
By Barry Shlachter, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Dec. 17--The Fort Worth Star-Telegram, Texas, has moved a new version of the story slugged FT-SOUTHWEST, filed by Knight Ridder/Tribune Business News for Dec. 17. The new version includes various...
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