Southwest Airlines warns COVID-19 uptick hitting bookings

Fox Business Flash top headlines for August 11 Check out what’s clicking on FoxBusiness.com. The recent surge in coronavirus cases is hindering airline bookings again, Southwest Airlines warned in a regulatory filing.  Ticker Security Last Change Change % LUV SOUTHWEST AIRLINES CO. 51.57 +0.41 +0.80% The carrier disclosed that it has "experienced a deceleration in… Continue reading Southwest Airlines warns COVID-19 uptick hitting bookings

Southwest, American post 2Q profits as air travel picks up

More On: airlines Reports of unruly US airline passengers up 500% this year FAA orders checks on all Boeing 737 planes over possible safety issue Legal battle escalates between air taxi startup Wisk and rival Archer Lufthansa airline adopts gender-neutral ‘guests’ greeting American Airlines and Southwest Airlines both posted second-quarter profits on Thursday thanks to… Continue reading Southwest, American post 2Q profits as air travel picks up

Southwest, American delays hint at hard summer for travelers

This summer is already shaping up to be a difficult one for air travelers. Southwest Airlines customers have struggled with thousands of delays and hundreds of canceled flights in the past three weeks because of computer problems, staffing shortages and bad weather. American Airlines is also grappling with a surge in delays, and it has… Continue reading Southwest, American delays hint at hard summer for travelers

Centuri Group To Acquire Riggs Distler For $855 Mln Cash – Quick Facts

Centuri Group, Inc., a wholly-owned subsidiary of Southwest Gas Holdings, Inc. (SWX), announced Tuesday it has entered into a definitive agreement to acquire Riggs Distler & Co., Inc. and its affiliates for $855 million in cash subject to customary adjustments, including working capital. The all-cash purchase is expected to be fully funded by new Centuri… Continue reading Centuri Group To Acquire Riggs Distler For $855 Mln Cash – Quick Facts

Southwest Airlines adds 100 orders for Boeing 737 MAX jet

FILE PHOTO: Grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake/File Photo(Reuters) – U.S. budget carrier Southwest Airlines Co said on Monday it had reached a deal with planemaker Boeing Co for 100 orders for a variant of the 737 MAX… Continue reading Southwest Airlines adds 100 orders for Boeing 737 MAX jet

Southwest Airlines CEO: We still don't have enough testing

New York (CNN Business)Southwest Airlines warned 6,800 employees Thursday they may be furloughed in the spring, the airline told CNN. If the layoffs do take place, they would be the first in the carrier’s nearly 50-year history. The total includes 2,551 ground crew members who handle baggage, cargo, and restocking planes, as well as 1,176… Continue reading Southwest Airlines CEO: We still don't have enough testing

Southwest deploys team to bring 737 MAX jets out of desert

FILE PHOTO: grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike BlakeCHICAGO (Reuters) – Southwest Airlines LUV.N has sent a team of mechanics to Victorville, California to start the long process of bringing its 34 Boeing 737 MAX jets out of their… Continue reading Southwest deploys team to bring 737 MAX jets out of desert

Southwest CEO announces pay cuts to avoid layoffs, furloughs through 2021

Airline furloughs leads to massive air travel drop The expired $25 billion stimulus package is causing airlines to furlough workers and cut flights. FOX Business’ Kristina Partsinevelos with more. In a video to employees Monday, Southwest CEO Gary Kelly announced that the airline will need to "sacrifice more" by undergoing pay cuts in an effort to… Continue reading Southwest CEO announces pay cuts to avoid layoffs, furloughs through 2021

Southwest Airlines discloses additional $94M in payroll support from US government

Business climate depends on airline industry: Former JetBlue chairman Former JetBlue Chairman Joel Peterson on his outlook for the airline industry. Southwest Airlines has disclosed an additional $94 million in payroll support from the Treasury Department, according to an SEC filing Wednesday. Continue Reading Below PARENTS RETIRE EARLY FROM ALASKA AIRLINES TO PROTECT KIDS' JOBS: 'LEAVING… Continue reading Southwest Airlines discloses additional $94M in payroll support from US government

Southwest Airlines CEO: I'm far more optimistic than Warren Buffett

New York (CNN Business)In its first deal since the economic downturn caused by coronavirus, Berkshire Hathaway is purchasing natural gas transmission and storage assets from Dominion Energy in a deal worth nearly $10 billion. Berkshire Hathaway (BRKA) will pay $4 billion in cash for the assets in addition to assuming $5.7 billion in debt from… Continue reading Southwest Airlines CEO: I'm far more optimistic than Warren Buffett

Southwest Airlines CEO: I'm far more optimistic than Warren Buffett

New York (CNN Business)SoftBank is often described as the Berkshire Hathaway of tech. That was once a flattering comparison. But the investing track records for the Japanese firm run by Masayoshi Son and Berkshire’s Warren Buffett have soured lately. SoftBank (SFTBF) has been hit hard by the huge drop in the share prices of public… Continue reading Southwest Airlines CEO: I'm far more optimistic than Warren Buffett

Southwest to raise $815 million through sale and leaseback of 20 planes

(Reuters) – Southwest Airlines Co (LUV.N) will sell and lease back 20 planes for gross proceeds of about $815 million, the company said in a regulatory filing on Friday. The move will help Southwest save cash at a time when U.S. airlines collectively burn more than $10 billion a month. Passenger traffic in the country… Continue reading Southwest to raise $815 million through sale and leaseback of 20 planes

Southwest Airline warns coronavirus may slice $300M from sales

How airlines are being flexible amid coronavirus roadblocks United Airlines CEO Oscar Munoz and American Airlines CEO Doug Parker discuss how their airlines are handling customer relations amid the outbreak. Southwest Airlines says first-quarter revenue will be as much as $300 million lower than it predicted as the coronavirus outbreak prompts passengers to cancel flights and… Continue reading Southwest Airline warns coronavirus may slice $300M from sales

Southwest removes Boeing 737 Max from schedule until April

Boeing to suspend 737 MAX production in January Kaltbaum Capital Management President Gary Kaltbaum, River Twice Capital president Zachary Karabell and Capitalist Pig hedge fund’s Jonathan Hoenig discuss whether the MAX should be grounded permanently. Southwest Airlines, the largest Boeing 737 Max operator in the world, is removing the grounded airplane from its schedule through April 13. Continue… Continue reading Southwest removes Boeing 737 Max from schedule until April

U.S. safety board wants Boeing to redesign 737 NG part after fatal Southwest accident

WASHINGTON (Reuters) – The U.S. National Transportation Safety Board on Tuesday called on Boeing Co (BA.N) to redesign the fan cowl structure on all 737 NG planes and retrofit existing planes after an April 2019 incident in which a woman was killed on a Southwest Airlines (LUV.N) plane after an engine failure caused by a… Continue reading U.S. safety board wants Boeing to redesign 737 NG part after fatal Southwest accident

Southwest Airlines delays Boeing 737 Max return

How will the grounding of Boeing 737 Max affect Christmas travel? Fox Business Briefs: Can increased holiday travel costs be blamed on the grounding of the Boeing 737 Max? Southwest Airlines has postponed its use of the Boeing 737 Max until Feb. 8, 2020. Continue Reading Below Ticker Security Last Change Change % LUV SOUTHWEST… Continue reading Southwest Airlines delays Boeing 737 Max return