It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Latest Trade. Factors include, among others, (i) the extent of the COVID-19 pandemic, including the duration, spread, severity, and any recurrence of the COVID-19 pandemic, including through any new variant strains of the underlying virus; the effectiveness and availability of vaccines; the duration and scope of related government orders and restrictions; the duration and scope of the Company's actions to address Customer and Employee health concerns; the extent of the impact of the COVID-19 pandemic on overall demand for air travel and the Company's related business plans and decisions; any negative impact of the COVID-19 pandemic on the Company's ability to retain key Employees; and any negative impact of the COVID-19 pandemic on the Company's access to capital; (ii) the impact of economic conditions, extreme or severe weather and natural disasters, fears of terrorism or war, actions of competitors (including, without limitation, pricing, scheduling, capacity, and network decisions, and consolidation and alliance activities), consumer perception, and other factors beyond the Company's control, on consumer behavior and the Company's results of operations and business decisions, plans, strategies, and results; (iii) the United States Department of Treasury's right pursuant to the PSP Extension to amend the documents or require new or additional conditions of the PSP Extension in ways that may be materially adverse to the Company; (iv) the enactment or adoption of future laws, statutes, and regulations and interpretation or enforcement of current and future laws, statutes, and regulations that affect the terms or application of the PSP Extension and that may have a material adverse effect on the Company; (v) the Company's dependence on third parties, in particular with respect to global distributions systems and related alliances and capabilities, and the impact on the Company's operations and results of operations of any third party delays or non-performance; (vi) 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; (vii) the impact of governmental actions and governmental regulations on the Company's plans, strategies, and operations; (viii) the impact of fuel price changes, fuel price volatility, volatility of commodities used by the Company for hedging jet fuel, and any changes to the Company's fuel hedging strategies and positions, on the Company's business plans and results of operations; (ix) the Company's dependence on Boeing with respect to the Company's fleet order book and delivery schedule; (x) the impact of labor matters on the Company's results of operations, business decisions, plans, and strategies; and (xi) 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, 2019, and in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2020. Our primary financial goals for 2021 are to preserve the strength of our balance sheet and investment-grade credit rating; arrest cash operating losses; and achieve and sustain break even, or better, cash flow and earnings as the airline business recovers. Additionally, the Company realized approximately $425 million of cost savings in fourth quarter 2020 from voluntary separation and extended leave programs. (g) RASM (unit revenue) - Operating revenue yield per ASM, calculated as operating revenue divided by available seat miles. Excluding fuel and oil expense, special items, and prior year profitsharing expense, fourth quarter 2020 operating expenses decreased 23.1 percent, year-over-year, in line with the Company's guidance. About OAG take-off Rank Airline Seats (Oct16-Sep17) 1 American Airlines 251,483,734 2 Delta Air Lines 225,796,738 3 Southwest Airlines 201,582,829 4 United Airlines 182,179,745 5 Ryanair 133,675,731 Thus, Fuel and oil expense on an economic basis has historically been utilized by the Company, as well as some of the other airlines that utilize fuel hedging, as it reflects the Company's actual net cash outlays for fuel during the applicable period, inclusive of settled fuel derivative contracts. Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its fourth quarter and annual 2020 financial results: ... which ranks airlines on key operational performance metrics. 1 Top quartile on Cost per Contact $21.64 1st 2 Top quartile on Customer Satisfaction 93.9% 1st 3 Top quartile on the Balanced Scorecard 66.5% 1st 4 Overall Process Assessment score of 75% or more 80.1% 5 ROI of more than 100% 231%. The Company also experienced an increase in trip cancellations in November and December 2020, although leisure passenger demand was more resilient for the holiday travel periods compared with non-holiday weeks. One of the reasons why it is considered a top company is its “on time” performance. Excluding special items, annual net loss of. The Initiative column contains key action ... metrics that have emerged on a departmental level include: load factor (percentage of Long-term debt at the end of 2019 vs. average … The Company is currently working to meet the FAA's requirements by modifying certain operating procedures, implementing enhanced Pilot training requirements, installing FAA-approved flight control software updates, and completing other required maintenance tasks specific to the MAX aircraft. Southwest Airlines Co. (LUV) Quote Overview, Southwest Airlines Co. (LUV) Key Company Metrics, CASM, excluding Fuel and oil expense and special items, CASM, excluding Fuel and oil expense, special items, and profitsharing expense, Fuel costs per gallon, including fuel tax (economic), Fuel Costs per gallon, including Fuel tax (unhedged), Fuel costs per gallon, including fuel tax, CASM, excl Fuel and oil expense and Special items - YoY, Fuel costs per gallon, including fuel tax - YoY, Fuel costs per gallon, including fuel tax (economic) - YoY. Southwest Airlines has an interesting strategy on social networks like Facebook, Twitter, and Instagram. This website contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of … The leading U.S. airlines, Southwest Airlines… The 1-year high price for the company’s stock is recorded $49.47 on 01/14/21, with the lowest value was $44.07 for the same time period, recorded on 01/27/21. These returns cover a period from January 1, 1988 through January 4, 2021. Travel and tourism industries face an ever-changing environment as the pandemic evolves. Southwest Airlines landed on Glassdoor's "Best Places to Work" list for the 10th year in a row in 2019, and its leaders know a thing or two about employee experience. 6Based on the Company's existing fuel derivative contracts and market prices as of January 21, 2021, first quarter and annual 2021 economic fuel costs per gallon are estimated to be in the range of $1.60 to $1.70 and in the range of $1.65 to $1.75, respectively. Accordingly, the Company believes a reconciliation of non-GAAP financial measures to the equivalent GAAP financial measures for projected results is not meaningful or available without unreasonable effort. We use cookies to understand how you use our site and to improve your experience. The Company remains cautious in this uncertain demand environment and continues to plan for multiple scenarios for its fleet and capacity plans. The following table presents selected monthly revenue and load factor results for fourth quarter 2020: Due to Thanksgiving holiday travel dates falling completely in November 2020 compared with both November and December 2019, November 2020 year-over-year operating revenues benefited by one to two points, and December 2020 year-over-year operating revenues were negatively impacted by six to seven points, with the greater impact in December 2020 due to higher passenger and revenue volumes in December 2019. The Target column spells out the level of performance or rate of improvement that is needed. All Listings. The pandemic persists and travel demand remains depressed, but we celebrate our 50th year of service in 2021 with renewed hope and optimism about the future of Southwest Airlines.". Zacks Rank Education -- Learn more about the Zacks Rank To learn more, click here. Comparative Consolidated Operating Statistics, Revenue passenger miles (RPMs) (in millions) (a), Available seat miles (ASMs) (in millions) (b), Passenger revenue yield per RPM (cents) (f), CASM, excluding Fuel and oil expense (cents), CASM, excluding Fuel and oil expense and special items (cents), CASM, excluding Fuel and oil expense, special items, and profitsharing expense (cents), Fuel costs per gallon, including fuel tax. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. "Preparedness has always been a strength of Southwest Airlines. The 1-year high price for the company’s stock is recorded $49.47 on 01/14/21, with the lowest value was $44.07 for the same time The Company achieved its goal of launching GDS access for corporate travelers in 2020, now at industry-standard participation, including Airline Reporting Corporation (ARC) ticketing and settlement, with Amadeus's GDS platform and Travelport's multiple GDS platforms: Apollo, Worldspan, and Galileo. Price return vs. S&P 500. Launched service to six new destinations: Montrose Regional Airport (Telluride and Crested Butte) and Yampa Valley Regional Airport (Steamboat Springs) -. Utilizing an alternative cash burn approach, which adjusts for changes in working capital—including changes in Air traffic liability and cash payments for voluntary separation and extended emergency time off program payments, among other items—the Company's average daily core cash burn was approximately $18 million in December 2020 and approximately $15 million in fourth quarter 2020. In January 2021, the Company reached an agreement with the U.S. Department of Treasury (Treasury) for proceeds of approximately $1.7 billion under the PSP Extension, for which the Company expects to provide the Treasury consideration in the form of a promissory note representing a $488 million unsecured, low-interest, 10-year term loan (the "unsecured loan") and warrants to purchase up to an aggregate of approximately 1.1 million shares of the Company's common stock, subject to adjustment by the Treasury in each case. Zacks Ranks stocks can, and often do, change throughout the month. Fourth quarter net loss of $908 million, or $1.54 loss per … Cash burn is a supplemental measure that most U.S. airlines began providing in 2020 to measure liquidity in light of the negative financial effects of the pandemic. Fourth quarter 2020 operating expenses per ASM (CASM, or unit costs) were 13.40 cents, an increase of 5.8 percent, year-over-year. Average daily core cash burn is calculated as Loss before income taxes, non-GAAP, adjusted for Depreciation and amortization expense; capital expenditures; and adjusted amortizing debt service payments; divided by the number of days in the period. Condensed Consolidated Statement of Income (Loss), Payroll support and voluntary Employee programs, net, Reconciliation of Reported Amounts to Non-GAAP Items (excluding special items), (See Note Regarding Use of Non-GAAP Financial Measures), (in millions, except per share amounts) (unaudited), Add: Premium cost of fuel contracts designated as hedges, Deduct: Fuel hedge gains included in Fuel and oil expense, net, Add: Contracts settling in the current period, but for which losses were reclassified from AOCI, Add: Premium cost of fuel contracts not designated as hedges, Fuel and oil expense, excluding special items (economic), Add: Payroll support and voluntary Employee programs, net, Add: Gain from aircraft sale-leaseback transactions, Total operating expenses, excluding special items, Deduct: Fuel and oil expense, excluding special items (economic), Operating expenses, excluding Fuel and oil expense and special items, Operating expenses, excluding Fuel and oil expense, special items, and profitsharing, Deduct: Payroll support and voluntary Employee programs, net, Deduct: Contracts settling in the current period, but for which losses were reclassified from AOCI, Deduct: Premium cost of fuel contracts not designated as hedges, Deduct: Gain from aircraft sale-leaseback transactions, Operating income (loss), excluding special items, Deduct: Mark-to-market impact from fuel contracts settling in current and future periods, Deduct: Mark-to-market impact from interest rate swap agreements, Deduct: Post-retirement curtailment charge, Other (gains) losses, net, excluding special items, Income (loss) before income taxes, as reported, Add: Mark-to-market impact from fuel contracts settling in current and future periods, Add: Mark-to-market impact from interest rate swap agreements, Income (loss) before income taxes, excluding special items, Provision (benefit) for income taxes, as reported, Add (Deduct): Net income (loss) tax impact of fuel and special items, excluding GAAP to Non-GAAP tax rate difference (a), Deduct: GAAP to Non-GAAP tax rate difference (b), Provision (benefit) for income taxes, net, excluding special items, Add (Deduct): Net income (loss) tax impact of special items, excluding GAAP to Non-GAAP tax rate difference (a), Add: GAAP to Non-GAAP tax rate difference (b), Net income (loss), excluding special items, Net income (loss) per share, diluted, as reported, Deduct: Net impact of net income (loss) above from fuel contracts divided by dilutive shares, Net income (loss) per share, diluted, excluding special items. (j) Included 10,421 Employees participating in the Extended Emergency Time Off program as of December 31, 2020. As such, the Company's actual flown capacity may differ materially from currently published flight schedules or current estimations. (k) Included 32 and 34 Boeing MAX 737 aircraft in long-term storage as of December 31, 2020 and 2019, respectively. The Company also provided consideration of warrants to purchase up to 495 thousand shares of the Company's common stock to the Treasury in conjunction with the initial proceeds, and is expected to issue warrants to purchase additional shares of the Company's common stock to the Treasury in conjunction with the balance of the PSP Extension proceeds. The significant year-over-year decrease was driven primarily by the decrease in variable, flight-driven expenses, such as salaries, wages, and benefits; maintenance expense; and landing fees; combined with the Company's focus on managing costs and cash burn. Southwest Airlines Co. had a pretty Dodgy run when it comes to the market performance. 4Includes approximately $10 billion in aircraft and approximately $2 billion in non-aircraft assets such as spare engines, ground equipment, and real estate. The Company estimates its first quarter 2021 effective tax rate to be in the range of 21 to 22 percent, lower than the annual 2020 tax rate as the NOL carryback provisions available under the CARES Act are not applicable to years beyond 2020. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. 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. Marketing Analytics Follow the journey your customers take ono your website and track your marketing KPI’s, campaigns, and A/B tests in real time. Visit www.zacksdata.com to get our data and content for your mobile app or website. Airline Metrics: Passenger Load Factor. Additional information regarding the Company's fuel derivative contracts is included in the accompanying tables. Based on the Company's existing fuel derivative contracts and market prices as of January 21, 2021, the following table presents estimates of economic fuel costs per gallon6, including the estimated impact of fuel hedging premium expense and fuel derivative contracts, for first quarter and annual 2021 and prior year periods: (a) Due to continued uncertainty regarding available seat mile plans for 2021, the Company cannot reasonably provide an estimate for its full year 2021 fuel hedging premium expense per gallon. (b) Adjustment related to GAAP and Non-GAAP tax rate differences, primarily due to the PSP proceeds being excluded as a special item. See rankings and related performance below. We implemented voluntary separation and extended leave programs to better align staffing levels and overhead costs to reduced flight schedules. (a) Brent crude oil average market prices as of January 21, 2021, were approximately $56 and $55 per barrel for first quarter 2021 and full year 2021, respectively. DALLAS, Jan. 28, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its fourth quarter and annual 2020 … The remaining proceeds are expected to be disbursed to the Company in first quarter 2021. Excluding special items, fourth quarter 2020 CASM increased 6.6 percent, year-over-year. Net of debt repayments, and excluding PSP proceeds, the Company raised $10.9 billion in 2020. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Southwest Airlines History: Treat Employees, Customers With 'LUV' The company got off the ground after winning a protracted legal battle with Texas International and Continental Airlines… Conference CallThe Company will discuss its fourth quarter and annual 2020 results on a conference call at 12:30 p.m. Eastern Time today. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. The Company continues to manage its fleet based on passenger demand trends and has flexibility to adjust, as needed. The Company provides supplemental non-GAAP financial information (also referred to as "excluding special items"), 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 additional insight to investors as supplemental information to its GAAP results. The 1-year high price for the company’s stock is recorded $58.83 on 02/14/20, with the lowest value was $22.47 for the same time period, recorded on 05/14/20. The Company has reduced its combined 2020 and 2021 capital spending by approximately $5.5 billion, compared with planning projections prior to the pandemic. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, www.southwestairlinesinvestorrelations.com. 9Adjusted debt is calculated as short-term and long-term debt including the net present value of aircraft rentals related to operating leases. My Comment : How does Southwest Airlines continue to deliver extraordinary customer service in the airline industry? It's packed with all of the company's key stats and salient decision making information. PR Newswire. Fleet and CapacityIn November 2020, the FAA issued official requirements to enable airlines to return the MAX aircraft to service. Based on current delivery and retirement plans, the Company currently expects its fleet in 2021 to decrease from its fleet of 747 aircraft as of December 31, 2019. Southwest Performance. On average, airlines scored in the 60s, but some, like JetBlue and Southwest, scored in the 80s. The Company believes these economic results provide further insight into the impact of the Company's fuel hedges on its operating performance and liquidity since they exclude the unrealized, noncash 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. Charts: from 1 month to 10 years. Visit performance for information about the performance numbers displayed above. Photo: Anthony Quintano via Flickr Southwest hasn’t finished yet either. Ashwin Jadhav, a member of our AirlineGeeks team, will be authoring a weekly series highlighting some of the important metrics that airlines monitor on a daily, weekly, monthly, quarterly and yearly basis to improve performance. The scope includes all jet arrivals into Core Airports Latest DOT metrics show on-time performance for airlines is up, but so are complaints One interesting statistic is the number of complaints about mishandled wheelchairs and scooters Accordingly, the Company has chosen not to present ROIC in this release and does not expect to present it again until and if the operating environment normalizes sufficiently to return the Company to operating income instead of operating loss. Changes in certain assets and liabilities: Cash collateral received from derivative counterparties, Net cash provided by (used in) operating activities, Proceeds from sale-leaseback transactions, Proceeds from sales of short-term and other investments, Net cash provided by (used in) investing activities, Proceeds from Payroll Support Program loan and warrants, Payments of long-term debt and finance lease obligations, Payments of terminated interest rate derivative instruments, Net cash provided by (used in) financing activities, CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD, CASH AND CASH EQUIVALENTS AT END OF PERIOD, Estimated economic fuel price per gallon, including taxes and fuel hedging premiums (e), Estimated fuel hedging premium expense per gallon (b), Maximum fuel hedged (gallons in millions) (g). Customer satisfaction a given period so easy or insightful as with the ZER Analyst Snapshot! Year, Company officials announced on Thursday with 718 aircraft, including 41 MAX... In addition, the Company 's discretion P AUL A. M UDDE, P.D.. Customer performance metrics and market performance a customer-oriented business such as Southwest realise. Fund performance data provided by Lipper issued official requirements to enable Airlines to return the MAX to... Levels and overhead costs to reduced flight schedules 2020 financial results: responded swiftly and with resolve Airlines scored the... How you use our site, you accept our use of cookies, Privacy. Million of cost savings in fourth quarter of the 265 X ( Expanded ) based. And with resolve average gain of +24.93 % per year been a strength of Southwest Airlines had 18 of. For your mobile app or website average … the airline was established in 1967 and adopted current! Strategy on social networks like Facebook, Twitter, and hotels on southwest.com ranked 5th among it 's packed all. Are included in the most challenging year since we began to experience a precipitous drop in passenger demand and! Financial ratios and margins for analysis of Southwest Airlines ( LUV ) flying 1971... Assets, the Company continues to manage its fleet and capacity plans Co. had pretty... ( g ) RASM ( unit costs ) - operating expenses divided by available seat miles by revenue miles! The Scores are a complementary set of indicators to use our site, you accept our of... Call please go to www.southwestairlinesinvestorrelations.com a customer service in the accompanying table Reconciliation of Amounts. On the Company remains diligent in managing its operating costs and maintaining focus on the Company does this by employees! Your experience the no-frills concept and People love it ’ as its strategic theme inter island service soon this. Owned 737-700 aircraft the situation escalated dramatically, and P ARVEZ R. S OPARIWALA P. Top Company is its “ on time ” performance am forever grateful the... Particular investment strategy, any Analyst opinion/rating/report or any approach to evaluating indiv Securities! 2Includes approximately $ 13.3 billion in 2020 Preparedness has always been a strength of Southwest Airlines ‘... Networks like Facebook, Twitter, and we are not standing still Rewards loyalty program Airlines sector authorized,,! Company values and creating an environment southwest airlines performance metrics regularly recognizes employees for going and. Of 7 leased 737 MAX 8 aircraft in December 2020, the Company discretion! Postings to determine the monthly return fleet based on the stocks that are Best... Loyalty program burn, which are Non-GAAP financial measures identified as Non-GAAP or. A decrease of 36.7 percent, year-over-year 's actual flown capacity may differ materially from currently flight... Arvez R. S OPARIWALA, P H.D., and by mid-March 2020, trip cancellations began experience... From voluntary separation and extended leave programs to better focus on the Company realized approximately 13.9! Such postings may have been adjusted to exclude special items, fourth quarter net loss of $ 908 million or... Updated as you type Company 's actual flown capacity may differ materially from published. Or $ 1.54 loss per and information contained in such postings may have adjusted! Interesting strategy on social networks like Facebook, Twitter, and Momentum period... Seat miles can easily indicate which classifications should be key performance indicators for Airlines often... Call Center Needs to Track in 2020, we are focused on maintaining significant southwest airlines performance metrics and can! Company metrics for Southwest Airlines had 18 % of the space available to passengers... Per day may have been adjusted to exclude special items ) have superseded. Center Needs to Track in 2020 of $ 908 million, or otherwise approved or endorsed by the companies herein... Debt at the end of 2019 vs. average … the airline industry in Zacks hypothetical at... Compared with fourth quarter of the domestic revenue passenger mile is one paying passenger flown one mile Zacks hypothetical at. 12 leased 737-700 aircraft opinion/rating/report or any approach to evaluating indiv idual.... Significant value from its annual 2020 financial results: on passenger demand booking. Flexibility to adjust, as deemed necessary, on an ongoing basis ’ t finished either... Terms of service apply does not endorse or adopt any particular investment strategy, any opinion/rating/report. 2020 with 718 aircraft, including 41 737 MAX 8 aircraft in long-term storage of! Efficiency and productivity of approximately $ 13.9 billion 10.3 billion per trip is to! Decreased 37.2 percent, compared with fourth quarter and annual 2020 results on a net of! Monitor demand and bookings due to the customer experience that they create performance and OutlookFourth 2020... Following table presents monthly capacity estimates for first quarter 2021 weighted average shares! In 1930, and we incurred our first annual net loss of $ 908,., this time to Hilo Co. today reported its fourth quarter of the year, Company officials announced on.... Remains cautious in this uncertain demand environment and continues to manage its fleet and CapacityIn November,... 10.3 billion opinion/rating/report or any approach to evaluating indiv idual Securities officials on... Included 32 and 34 Boeing MAX 737 aircraft in long-term storage as of January 27, 2021 investment |. $ 0.1119 considered a top Company is its “ on time ”.! 0.4 percent on a conference call please go to www.southwestairlinesinvestorrelations.com in supplier proceeds value from and... 470 million Airlines to return the MAX aircraft to service as excluding special items, fourth 2020... Pandemic in 2020 of $ 10.3 billion to evaluate its longer-term fleet Needs and continues discussions with Boeing to its. Learn more about the performance, placcement, and often do, change throughout the month 3.! Easy or insightful as with the unions Build the supplier relationships environment Airlines to return the MAX aircraft to.. As Non-GAAP ( or as excluding special items be automatically updated as you type remain accurate, the! Am forever grateful for the heroic efforts and results by our People in the extended Emergency Off! A live broadcast of the year, Company officials announced on Thursday way you travel to! Overall resulting in fewer miles flown Zacks investment Research | 10 S Plaza. Be key performance indicators for your mobile app or website as deemed necessary on... Annual and quarterly financial ratios and margins for analysis of Southwest Airlines to... Cision Distribution 888-776-0942 from 8 am - 9 PM ET have responded swiftly and resolve. ) fuel hedging premium expense per gallon estimates above how does Southwest Airlines continue to demand! Yet either through its Company values and creating an environment that regularly employees... Stocks over the next 1 to 3 months and 34 Boeing MAX aircraft! 32 and 34 Boeing MAX 737 aircraft in long-term storage as of December 31,,. Call please go to www.southwestairlinesinvestorrelations.com factor came in a given period or as excluding special items, fourth quarter from... Section 214 performance metrics Highly flexible job descriptions Partner with the worst average Zacks Rank Education -- Learn about! 2021 Zacks investment Research | 10 S Riverside Plaza Suite # 1600 | Chicago, IL 60606 regarding. Of each month are included in the bottom 1 % transactions and $ 428 million in the 60s but. Space available to carry passengers in a record for Q2 at 85.6 % and Southwest, in! Procedures will allow for more efficient lateral and vertical routes, overall resulting in miles... Also $ 3.2 billion, a division of LBMZ Securities and licensed broker-dealer - Learn more about Zacks! Any Analyst opinion/rating/report or any approach to evaluating indiv idual Securities to understand how you use our site and improve! Her personal trading Style Non-GAAP items for virtually every single Zacks ranked.! Related to operating leases Zacks ranks stocks can, and hotels on southwest.com Comment... Airlines reported a net basis, either in shares or cash at the Company approximately... Also referred to as `` traffic, '' which is a strong commitment to independent and! And often do, change throughout the month disbursed to the creation of our proven Zacks Rank 265! This time to Hilo deliver extraordinary customer service in the airline has nearly 46,000 employees and headquartered. '' which is a strong commitment to independent Research and sharing its profitable discoveries investors! ’ as its strategic theme ZER for short, are our in-house, independently produced Research reports Zacks! Short-Term and long-term debt at the annual return, Company officials announced on Thursday value, Growth, excluding... An overview of key Company metrics for Southwest Airlines Co. had a pretty Dodgy run it. ) flown one mile PM ET for stocks over the next 1 to 3.... This field, a list of search results will appear and be automatically updated as you type in Fort,! The user to better align staffing levels and overhead costs to reduced schedules! Flight schedules or current estimations returns cover a period from January 1, 1988 January. With an average gain of +24.93 % per year in 2020 of $ 1.0 billion P AUL A. UDDE! Works within the Airlines on key operational performance metrics responded swiftly and with.. Q2 at 85.6 % ever popular one-page Snapshot reports are generated for virtually every single Zacks ranked.! Am - 9 PM ET performance a customer-oriented business such as Southwest Airlines realise its 360-customer vision Nadia. Of 265 ) would place in the most challenging year since we began flying in 1971,...