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The Aviation Sector: How Promising are these Stocks once a Vaccine is Found? Nice article! ????
https://pennystocks.news/the-aviation-sector-how-promising-are-these-stocks-once-a-vaccine-is-found/
$luv $40.58 ^ 0.52 (1.30%)
Volume: 6,276,780 @09/15/20 2:13:24 PM EDT
I like Southwest’s financials. They seems to have the best of all the airlines.
$luv $33.25 ^ 0.23 (0.70%)
Volume: 9,381,196 @08/07/20 7:59:45 PM EDT
Is this something to worry about?
Southwest Airlines Announces Pricing of Notes
Source: PR Newswire (US)
DALLAS, July 28, 2020 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today announced that it has priced an underwritten public offering of $1,000,000,000 aggregate principal amount of its senior notes, consisting of $300,000,000 aggregate principal amount of 5.250% Notes due 2025 (the "2025 Notes") and $700,000,000 aggregate principal amount of 5.125% Notes due 2027 (the "2027 Notes," and, collectively with the 2025 Notes, the "Notes"). The 2025 Notes will be issued at 106.768% of par and the 2027 Notes will be issued at 105.170% of par, plus accrued interest, to yield 3.661% and 4.231% respectively.
The 2025 Notes are being offered as an additional issuance of the Company's 5.250% Notes due 2025, of which the Company issued $1.25 billion aggregate principal amount on May 4, 2020, and have identical terms, other than the issue date and issue price, as the initial notes of that series. The 2027 Notes are being offered as an additional issuance of the Company's 5.125% Notes due 2027, of which the Company issued $1.3 billion aggregate principal amount on June 8, 2020, and have identical terms, other than the issue date and issue price, as the initial notes of that series.
The Company expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, repayment or redemption of unsecured indebtedness maturing in the next 12 months or other corporate obligations. The offering is expected to close on or about July 31, 2020, subject to customary closing conditions.
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are acting as joint lead book-running managers for the offering. Comerica Securities, Inc., Cowen and Company, LLC and Penserra Securities LLC are acting as co-managers for the offering. A shelf registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission ("SEC") and has become effective. The offering may be made only by means of a prospectus supplement and an accompanying base prospectus. The preliminary prospectus supplement and accompanying base prospectus relating to the offering have been filed, and a final prospectus supplement will be filed, with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained from (1) Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone: 1-866-471-2526, by facsimile: 212-902-9316 or by email: prospectus-ny@ny.email.gs.com and (2) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000 Minneapolis, MN 55402, Attention: WFS Customer Service, by telephone: 1-800-645-3751 or by email: wfscustomerservice@wellsfargo.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.
About Southwest Airlines Co.
In its 50th year of service, Dallas-based Southwest Airlines Co. continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 60,000 Employees to a Customer base topping 130 million passengers in 2019. Southwest became the nation's largest domestic air carrier in 2003 and maintains that ranking based on the U.S. Department of Transportation's most recent reporting of domestic originating passengers boarded. In peak travel seasons during 2019, Southwest operated more than 4,000 weekday departures among a network of 101 destinations in the United States and 10 additional countries. In early 2020, the carrier added service to Hilo, Hawaii, and Cozumel, Mexico for a total of 103 airports served.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the proposed terms of the offering described herein, the completion, timing, and size of the proposed offering, and the anticipated use of proceeds from the offering. Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. 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; the duration and scope of related government orders and restrictions; the duration and scope of the Company's related self-imposed restrictions 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; and any negative impact of the COVID-19 pandemic on the Company's access to capital; (ii) the impact of economic conditions, governmental actions, extreme or severe weather and natural disasters, fears of terrorism or war, actions of competitors, fuel prices, 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; and (iii) 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, as supplemented in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2020. Caution should be taken not to place undue reliance on the Company's forward-looking statements, which represent the Company's views only as of the date this report is filed. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Forward-looking statements should not be relied upon as a prediction of actual results. Subject to any continuing obligations under applicable law or any relevant stock exchange rules, the Company expressly disclaims any obligation to disseminate, after the date of this press release, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.
Cision View original content:http://www.prnewswire.com/news-releases/southwest-airlines-announces-pricing-of-notes-301101734.html
SOURCE Southwest Airlines Co.
Copyright 2020 PR Newswire
$luv $33.62 ^ 0.64 (1.94%)
Volume: 11,936,580 @07/21/20 7:51:18 PM EDT
Congress Introduces Bill To Incentivize Domestic Travel
By Matt Turner
June 25, 2020
U.S. Senator Martha McSally introduced legislation on Monday, June 22, encouraging Americans to support the tourism industry following the COVID-19 pandemic. The bill, called the American TRIP Act, would provide tax credits to Americans who spend money on lodging, entertainment and other expenses related to travel in the United States and its territories. Additionally, the bill provides funding for destination marketing organizations (DMOs) to promote the travel and tourism industry across the nation.
In the state of Arizona, according to the office of Sen. McSally, travel and tourism account for more than $3 billion in tax receipts and employs in total more than 180,000 people. As a result of the economic downturn due to the coronavirus, this sector is experiencing one of the highest unemployment rates, which was over 35 percent in May.
“The tourism and hospitality industries were among the hardest hit sectors across the country and their revival is critical to our economic recovery,” McSally said. “Arizona has lost billions in revenue this year alone due to the pandemic. My legislation will help boost domestic travel and jumpstart the comeback of our hotels, entertainment sectors, local tourism agencies, and the thousands of businesses that make Arizona one of the best places in the world to visit.”
The American TRIP Act provides a nonrefundable $4,000 travel credit for individuals, and $8,000 for joint filers (plus an additional $500 credit for dependent children), for 2020, 2021 and 2022. This credit applies to all travel within the United States and its territories, so long as the travel and expenses and final destination is 50 miles or beyond from the principal residence of the filer(s). Qualified expenses for the credit include lodging, travel and entertainment.
Note: For filers who own a second home, expenses related to live entertainment, food and beverage, and transportation qualify, but expenses related to the dwelling would not qualify (mortgage, interest, maintenance, etc.)
Eben Peck, EVP, advocacy, for the American Society of Travel Advisors (ASTA), said it “is pleased to support Senator McSally’s American Tax Rebate and Incentive Program Act (“American TRIP Act”).”
He adds, “While we remain focused on the relief phase of the coronavirus crisis—securing the maximum amount of financial relief for our members to help them weather the storm—collectively, we will soon need to focus on the recovery phase. Coupled with clear and consistent federal health guidance across travel modes, stimulating demand along the lines of what’s called for it in the American TRIP Act will be critical to the travel industry’s recovery.”
The bill also provides $50 million to help DMOs promote travel and tourism across the nation.
Source: https://www.luxurytraveladvisor.com/your-business/congress-introduces-bill-to-incentivize-domestic-travel
US airlines take jets out of storage, add flights as recovery begins
By Pilar Wolfsteller and Jon Hemmerdinger
June 12, 2020
North America’s airline industry has started a slow but noticeable recovery as carriers bring hundreds of jets back into service in response to a bump in travel demand ahead of the summer travel season.
Airlines in the USA and elsewhere are adding flights and destinations to their networks, climbing from a downturn that bottomed out in the early spring.
Analysts still suspect the industry will not fully recover for several years – possibly not until 2023 – and a second wave of Covid-19 infections or another industry shock could set back revival.
But signs are positive.
“The demand is coming back along with the economy,” says Mike Boyd, president and chief executive of Boyd Group International. “Hiring is back and airlines are seeing demand move up.”
He notes that just one month ago many observers suspected economic conditions would worsen before improving. Then came the May US jobs report, which showed that the US economy added 2.5 million jobs that month.
Responding to demand, US airlines have brought about 450 passenger aircraft out of storage since mid-May, bringing the combined US in-service fleet to about 4,000 aircraft, Cirium fleets data shows.
That bump – about 13% from the mid-May low of 3,600 active passenger aircraft – came as US cities loosened lockdowns and lifted stay-at-home orders.
By comparison, US carriers operated about 6,700 passenger aircraft at the beginning of 2020, before the global downturn, according to Cirium.
US airlines in June will carry about 29.6 million seats on domestic flights, up 29% from May, though still down 66% from 86.2 million seats in May 2019, Cirium schedules data shows. Domestic US airline capacity will climb again in July to some 48.5 million seats.
Likewise, the US Transportation Security Administration screened about 500,000 travellers on 11 June, up about five times since lows in April.
Boyd suspects US low-cost and ultra-low cost carriers like Spirit Airlines and JetBlue Airways will initially see a greater bump in demand than major US airlines. The discounters’ cheap prices will likely attract leisure travellers.
“The Baby Boomers who had planned to go on a vacation this year will start to travel – that money is still in their bank accounts,” Boyd says.
In Florida, the Orlando region’s theme parks like Walt Disney World and Universal Studios are opening almost four months after shutting down, ready for summer vacationers. And Las Vegas casinos have been open since 4 June, prompting Southwest Airlines, for example, to increase flights in and out of the desert city to more than 100 daily.
Since mid-May, US discounters Allegiant Air, Frontier Airlines, JetBlue, Spirit and Southwest have brought about 165 aircraft out of storage. Those carriers now have about 920 jets in service, up 21% in six weeks.
And they are planning even more capacity gains.
JetBlue will be operating about 50% of its capacity by July and will add more seats in August, the New York-based airline’s chief operating officer Joanna Geraghty says on 11 June.
“We are seeing some pent-up demand for travel among the leisure customer base,” she says.
Likewise, Spirit, based near Fort Lauderdale, said last week that it expects to be back to about 70% of capacity by July.
Major US carriers American Airlines, Delta Air Lines and United Airlines have brought a combined roughly 150 stored jets back into service since mid-May. They now operate about 1,200 jets, up 15% since then, Cirium shows.
Fort Worth-based American said earlier this week that in the first few days of June it transported an average of 127,000 passengers, up from 32,000 during April.
American intends to increase July capacity to about 40% of pre-coronavirus levels, equating to 55% of its pre-pandemic domestic capacity and 20% of previous international capacity, CEO Doug Parker told shareholders on 10 June.
Delta CEO Ed Bastian said earlier this week that the Atlanta-based carrier is also reassessing capacity and increasing flight frequencies as demand warrants.
Delta has said it is capping load factors at 60-70% to keep middle seats empty, giving passengers more personal space.
“That’s to keep people safe,” Bastian said. “When bookings go up and we start to get close to that 60% load factor, that’s our trigger to start to bring new flights in. That’s why we are doubling our schedule from May to July.”
He added that prices will be 10-20% lower across the airline’s domestic system.
United in early June said it was reinstating about 140 previously-cut nonstop routes. It is adding service to business-travel-heavy markets like Boston, New York, Philadelphia and Seattle, and to leisure destinations like Las Vegas, Charleston (South Carolina), Portland (Maine) and cities in Florida.
Despite the additions, United’s schedule will be down 75% in July from pre-pandemic levels – still an improvement over May and June, that airline’s CEO Scott Kirby has said.
“While we can’t quite see the light at the end of the tunnel yet, it’s not pitch black in here anymore,” he said.
Analyst Boyd is bullish about recovery, saying capacity increases are appropriate and come at the right time.
“These carriers know what they are doing,” he said.
GLOBAL IMPROVEMENT
Airlines in other regions are also placing more aircraft into service.
Canada’s in-service passenger fleet has increased about 11% since mid-May, to 608 aircraft, and the Latin American fleet is up about 17%, to 1,070 aircraft, Cirium shows.
But Latin American’s airlines remain in particularly perilous financial condition owning to a general lack of government aid to the industry and continued travel restrictions and quarantines, says IATA’s regional vice-president for the Americas Peter Cerda.
“It is still our prediction that this region will be the last to recover from the crisis,” Cerda says.
Since mid-May, the number of passenger aircraft in service with Asia-Pacific carriers has increased 18%, and the European fleet has jumped nearly 45%, according to Cirium.
Source: https://www.flightglobal.com/fleets/us-airlines-take-jets-out-of-storage-add-flights-as-recovery-begins/138820.article
Nice day in the sunny skies of LUV............
All Aboard ?? Got your masks ??
Vegas is open.........!!
Thanks Huggy......I believe you are correct......don’t know why......they have more cash than they know what to do with.......lol.
Go LUV !!
I believe the dividend is suspended currently.
Ladies and Gentlemen..........after stopping for a few days to obtain new masks, LUV is now ready for takeoff.........lol.
We have Billions in the bank, and still pay a dividend..........we're lean, we're mean, we're a flying machine................bring on the MAX-8's,,,,,,,,,,,,we're ready to be really fuel efficient .........lol.
I LUV it.
$$ LUV $$
A little turbulence today......the market experiencing headwinds......buying opportunities await the well informed, imho !
Flying high today.......blue skies have dual meanings here......lol.
I agree........
I simply LUV this Stock !!
LUV should get to $45 sooner. Air travel is rebounding based on increased TSA volumes. IMO LUV will be one of the first to rebound because they have a strong cash position and mostly domestic low cost flying.
Looking really good pre-market......
Another good day to fly, apparently ??
I LUV our little Airline......masks and all !!
$$ LUV $$
I agree, Conix...........LUV is THE Airline place to be from here forward............
SouthWest is way ahead of the curve in getting their wonderful Airline back up and running......more cost effective as ever........did I mention Vegas re-opened today ??
SouthWest and Casino stocks.....whats not to love ???
Good luck, all...........
Budget j
LUV is going to be one of the strong survivors. Domestic travel focus. Low operational cost structure to support low fare business plan.
Bought in at $28 and $29.50. Expecting $45 by end of year. JMO
Yep
Bookings are increasing !
#1 economists pick!
Solid balance sheet.
SW should gain market share due to some airlines going out of business.
I think SW and Delta will be the big $$$$ makers for 2021 and beyond.
Why in june?
Might dip come Monday:
https://www.newsbreakapp.com/n/0OznErcK?pd=05DnfiWg&s=i0
Airlines will bottom.
25 percent chance pickup up 26
missed
Southwest Airlines LUV upgraded, nice. I'm l long.
Steifel upgraded luv to 50.00 from 40.00 and from a hold to a buy..
* * $LUV Video Chart 04-29-2020 * *
Link to Video - click here to watch the technical chart video
Southwest Airlines lands an upgrade from Susquehanna
Apr. 21, 2020 10:00 AM ET|About: Southwest Airlines Co. (LUV)|By: Clark Schultz, SA News Editor
Susquehanna turns constructive on Southwest Airlines (LUV -0.1%) even as it warns that it will take several years for travel to return to pre-pandemic levels.
"Our base-case view is that travel demand will return in waves as social distancing measures are eased, with pent-up demand driving initial volumes and fare cuts stimulating demand beyond that."
LUV stands out with its strong balance sheet and lower mix of international flights than some peers.
The firm upgrades to Positive from Neutral.
You were wrong 2 times in 1 post... lol
as of yesterday- no airline has asked for a bailout.
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In its 44th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by nearly 46,000 Employees to more than 100 million Customers annually. Southwest and wholly owned subsidiary AirTran Airways operate more than 3,400 flights a day, serving 93 destinations across the United States and five additional countries. Subject to government approvals, service to San Jose, Costa Rica, begins in March 2015; service to Puerto Vallarta, Mexico, begins in June 2015; and service to Belize City begins in October 2015. Southwest acquired AirTran Airways in May 2011 and by the end of 2014 intends to complete the full integration of the AirTran network into Southwest.
Based on the U.S. Department of Transportation’s most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, a majority of which is equipped with satellite-based WiFi providing gate to gate connectivity while over the United States. That connectivity enables Customers to use their personal devices to access streaming music provided by Beats Music, or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of DISH. Southwest is the only major U.S. airline to offer Bags Fly Free® (first and second checked pieces of luggage, size and weight limits apply), and there are never change fees, although fare differences might apply. In September 2014, the airline proudly unveiled Heart, a new aircraft livery, airport experience, and logo, showcasing the dedication of Southwest Employees to connect Customers with what’s important in their lives. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.
Southwest is committed to return value to its Shareholders. Since August 2011, Southwest has returned over $2 billion to Shareholders through share repurchases and dividends. For the nine months ended September 30, 2014, Southwest returned nearly $900 million to Shareholders through $755 million in share repurchases, and the distribution of $138 million in dividends. LUV is Southwest’s stock exchange symbol, selected to represent its home at Dallas Love Field, as well as the theme of Southwest’s Stakeholder relationships.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic wherever the carrier serves. With 41 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2013 Southwest Airlines One Report™ can be found at Southwest.com/citizenship.
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