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Southwest Airlines Announces Three-Day $39 WOW Sale

DALLAS, Aug. 25, 2020 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) launched a three-day WOW Sale today through Aug. 27, 2020, 11:59 p.m. Central Daylight Time, with fares starting as low as $39 one-way. As Customers put their Hearts back into traveling, Southwest is offering low fares across the United States. Fall and winter travel is only a click away!

“As Customers begin to feel inspired to travel again, we want them to know that Southwest Airlines has their well-being and comfort in mind supported by the Southwest Promise, legendary Hospitality, and our exceptional People,” said Bill Tierney, Southwest Vice President of Marketing. “With fares as low as $39 one-way, bags that fly free, and no changes fees, Customers can easily get away to their next adventure.”

Seats, days, and markets are limited. Blackout dates and advance purchase requirements apply. See full fare rules and terms and conditions at Southwest.com. Examples of one-way low fares include:

– As low as $39 one-way nonstop between Kansas City and Minneapolis/Saint Paul

– As low as $39 one-way nonstop between Las Vegas and Oakland 

– As low as $39 one-way nonstop between Houston (HOU) and Tulsa 

– As low as $39 one-way nonstop between Chicago (MDW) and Detroit 

– As low as $39 one-way nonstop between Nashville and Raleigh/Durham 

– As low as $39 one-way nonstop between New Orleans and San Antonio 

– As low as $109 one-way nonstop between HOU (HOU) and Cancun 

– As low as $136 one-way nonstop between Lubbock and Cancun 

– As low as $139 one-way nonstop between Baltimore/Washington and Punta Cana

SOUTHWEST AIRLINES SALE FARE RULES
Book by Aug. 27, 2020 11:59 p.m. Central Daylight Time. 14-day advance purchase required. Nonrefundable. Seats, travel days, and markets limited. Blackout dates apply.

Click the link below for the full details and conditions!

https://finance.yahoo.com/news/southwest-airlines-announces-three-day-132800321.html

Southwest Airlines Announces Service to Steamboat Springs

Southwest Airlines Co. (NYSE: LUV) today announced an intention to serve Steamboat Springs, Colo. through Yampa Valley Regional Airport (HDN). The carrier anticipates beginning seasonal service by the end of 2020 with daily flights, initially served nonstop from Denver. 

“Whether you’re a skier, snowboarder, or just enjoy a winter wonderland, Steamboat Springs has something for everyone, and now you’ll be able to reach the region on Southwest with a short, easy flight from Denver,” said Adam Decaire, Southwest’s Vice President of Network Planning. “We’re looking forward to bringing our world famous Hospitality paired with Customer-friendly policies like skis and snowboards fly free* closer to the slopes of the Rocky Mountains later this year.” 

“We are thrilled about Southwest Airlines’ intent to serve Steamboat into HDN starting winter 2020/2021,” said Rob Perlman, President and Chief Operating Officer of Steamboat Ski & Resort Corporation. “What an ideal partner to bring more skiers and riders to experience Steamboat’s famous Champagne Powder® snow. Southwest’s world renowned hospitality is perfectly aligned with Steamboat’s genuine western hospitality, and we’re excited to welcome their loyal Customers to our magical mountain destination.”

Southwest intends to release additional information about its initial schedule and fares in the coming months. 

For more information about Southwest or to book any of the carrier’s more than 4,000 daily flights, visit Southwest.com

*Southwest Airlines allows for up to two free checked bags (size and weight limits apply). Ski and snowboard equipment, which includes one pair of skis or one snowboard, one set of poles, and one pair of ski/snowboard boots encased in a container(s) acceptable to Southwest, counts as one checked bag even if tagged separately.

Southwest Will Speed Up Inspections of 38 Used 737 Airplanes

WASHINGTON (Reuters) – Southwest Airlines Co <LUV> said Monday it will complete inspections on 38 737 airplanes it acquired from foreign air carriers by Jan. 31 that may not meet all U.S. aviation safety requirements.

The planes are part of 88 pre-owned Boeing <BA> 737 aircraft Southwest bought between 2013 and 2017 from 16 foreign carriers. The speedier checks come after inspections of 39 used planes turned up previously undisclosed repairs and incorrectly completed fixes. Southwest used multiple contractors to conduct the reviews of the planes’ maintenance records when they bought the planes.

“We have a plan in place to inspect the 47 remaining aircraft, nine of which are currently in heavy checks, no later than January 31, 2020 – five months earlier than the original FAA accepted completion date of July 1,” Southwest said in a statement on Monday.

Southwest said its inspections to date “did not stem from any suspected safety concerns with the aircraft.” It added its “continuous assessment of the ongoing inspections has revealed nothing to warrant the expedited timeline” but will meet it nevertheless.

In 2018, Southwest agreed to conduct a complete physical inspection on each of these pre-owned aircraft over a two-year period after a Federal Aviation Administration (FAA) safety inspector in May 2018 discovered discrepancies in records for some of 88 aircraft.

Since then, Southwest said it has completed the nose-to-tail inspection of 41 aircraft without any findings that suggested an “adverse impact on continued safe operation.”

An Oct. 24 memo from H. Clayton Foushee, director of the FAA Audit and Evaluation Office, made public on Monday said the Southwest inspections turned up at least 30 previously unknown repairs and 42 major repairs that were found “not to meet FAA airworthiness requirements.” Some required “immediate corrective action to bring the aircraft back into compliance.”

The memo added “the data collected to date would indicate that a majority of” the planes to be inspected do not meet FAA airworthiness requirements.

The U.S. Senate Commerce Committee noted on Monday that the 2018 discovery prompted a full records review by Southwest Airlines of all 88 aircraft that found 360 major repairs previously unknown to the airline because they were not disclosed in the contractors’ initial review.

Foushee’s memo said Southwest grounded 34 planes in November 2018 for inspections. The committee said as a result some planes were grounded “for immediate maintenance to bring them into regulatory compliance as a result of these newly discovered prior major repairs.”

The FAA then sent an Oct. 29 letter to Southwest seeking additional information about the uninspected planes and questioned whether they suffered specific damage items. It also raised concerns about Southwest’s “slow pace in completing the evaluation of aircraft.”

Senate Commerce Committee Chairman Roger Wicker said in an Oct. 30 letter to the FAA that its concerns about Southwest’s used planes correspond “to concerns that have been brought to my attention by whistleblowers as part of my investigation into aviation safety.”

The committee said the FAA allowed Southwest to continue to operate these aircraft and as a result “Southwest Airlines appears to have operated aircraft in unknown airworthiness conditions for thousands of flights.”

The FAA said Monday that after receiving Southwest’s response it determined the airline has “met the requirements for immediate inspection and risk assessments on these aircraft.”

The FAA added it “is requiring more frequent updates on the progress of completing all the requirements.”

(Reporting by David Shepardson; additional reporting by Tracy Rucinski in Chicago; editing by Jonathan Oatis)

FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California

BOC Aviation Expects Delivery Delay of up to 30 Jets

SINGAPORE (Reuters) – Aircraft lessor BOC Aviation Ltd said on Tuesday it expected up to 30 Boeing Co <BA> and Airbus SE <EADSY> jets that had been scheduled to arrive this year could be delayed, primarily due to the Boeing 737 MAX grounding.

BOC said 18 jets that had been due in the first half had been delayed, including 12 A320neo’s due primarily to industrial constraints and 6 737 MAX’s as a result of the grounding.

For the full year, up to 7 A320neo’s and 23 737 MAX’s could be delayed, including three for which an airline customer has the right to acquire upon delivery, Asia’s second-biggest aircraft lessor said in a statement.

BOC said it was working with Boeing on a revised delivery timeframe.

Boeing last week estimated a return to service for the jet would begin early in the fourth quarter, but it did not rule out further reducing or temporarily shutting down production of the plane if that forecast needed to be revised.

U.S. carrier Southwest Airlines Co <LUV> last week removed the 737 MAX from its schedules until Jan. 5, 2020, saying it would need one to two months following regulatory approval to train pilots and prepare the jets for fresh commercial service.

(Reporting by Jamie Freed; Editing by Stephen Coates)

American Airlines Shares Plunge on Weak Outlook

(Reuters) – American Airlines Group Inc (AAL.O) shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing global growth may be weakening travel demand.

The losses in American’s shares also weighed on the broader airline sector. Delta Air Lines Inc (DAL.N) fell 3.4 percent, United Continental Holdings Inc (UAL.N) 2.1 percent and Southwest Airlines Co (LUV.N) 2.6 percent.

American’s announcement comes a week after rival Delta Air Lines Inc (DAL.N) cut its quarterly unit revenue estimate due to lower-than-expected improvement in fares booked last minute.

“The U.S. airlines are set to contend with easing unit revenue trends due to decelerating economic growth, lower fuel, and foreign exchange pressures,” Morgan Stanley analyst Rajeev Lalwani wrote in a note earlier this week.

The company said it now expects unit revenue, which compares sales to flight capacity, to increase about 1.5 percent in the quarter, compared with its earlier estimate of 1.5 percent to 3.5 percent rise. (http://bit.ly/2D1GRZi)

American also lowered full-year earnings per share expectation to a range of $4.40 to $4.60, from $4.50 to $5 earlier.

The airline said it expects its fuel expense to reduce in the fourth quarter to between $2.22 and $2.27 per gallon, compared with $2.30 to $2.35 per gallon earlier.

Investors have been fretting over lower fuel costs and the airlines’ ability to increase ticket prices, as a decline in fuel prices in 2016 and 2017 led U.S. airlines to competitively discount fares, hurting revenue.

Analysts were expecting earnings of $4.62 per share, according to IBES data from Refinitiv.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli)

Image from http://www.aa.com

Remembering Southwest Airlines Co-Founder Herb Kelleher

(Reuters) – Herb Kelleher, who co-founded pioneering low-cost carrier Southwest Airlines Co and built it into an industry powerhouse stamped with his colorful, unconventional personality, died on Thursday at age 87, the U.S. carrier said.

Kelleher set up Southwest with Rollin King more than 50 years ago, with the airline making its first flight in June 1971. King died in 2014, aged 83.

Dallas-based Southwest is known for its quirky culture, closely connected with Kelleher’s maverick image, as well as its fast growth from a regional carrier into one of the biggest in the United States.

The airline flew short flights known as point-to-point, rather than the hub-and-spoke model of its bigger rivals, and used a single model of aircraft, Boeing Co’s 737, to cut complexity and cost.

Kelleher was “Grand Master Yoda of low fares airlines,” the chief executive of Europe’s largest low-cost carrier Ryanair said in a Twitter post on Friday.

“He was the leader, the visionary and the teacher: without Herb there would be no Ryanair and no low fares airlines anywhere,” said Michael O’Leary, who spearheaded the transformation of European air travel after a visit to Southwest in 1992.

Southwest’s cabin crews have become known for their good humor – a legacy of Kelleher, memorialized in a “laugh button” that visitors could press inside the company’s headquarters to hear his famous cackle.

Kelleher won the affection of customers and employees with low fares, good wages and his own high spirits. He sought to instill a sense of fun among employees, sometimes showing up in costume or helping unload baggage.

“A company is stronger if it is bound by love rather than by fear,” he was once quoted as saying.

Kelleher was also known for his fondness for smoking and bourbon.

John Plueger, chief executive of Air Lease Corp, said on Thursday that when he first met Kelleher more than 30 years ago, Kelleher was about to deliver a speech at a New York hotel. “The manager asked that he refrain from smoking. Herb looked up, smiled, and said: ‘No smokey, No talkey.’”

Kelleher was a formidable industry competitor as well.

“There aren’t a whole lot of individuals who you can point to that single-handedly contributed to building a demonstrable portion of the modern economy. Herb Kelleher was one,” tweeted Jon Ostrower, an independent aviation commentator and editor of TheAirCurrent.com.

“His model spawned the global democratization of the affordable movement of humanity by air.”

‘I LIKE TO WIN’

The New Jersey-born Kelleher served as Southwest’s executive chairman for 30 years until 2008 and was chief executive from September 1981 to June 2001.

Kelleher was long a towering figure in the U.S. airline industry along with Bob Crandall, his rival at American Airlines and polar opposite in style. The two built different business models and competed fiercely but with mutual respect.

“It was very hot competition and I like to win,” Kelleher told NPR in a 2016 podcast. Crandall, captured in a YouTube video, once serenaded Kelleher with a version of “My Way,” the song popularized by Frank Sinatra.

Steven Udvar-Hazy, executive chairman of Air Lease and a pioneer of the aircraft leasing industry, whose expansion coincided with the rise of budget carriers, paid tribute to Kelleher as “the builder of the world’s most successful low fare airline.””Herb: a final Wild Turkey Bourbon toast from all of your closest friends,” he added.

(Reporting by Manogna Maddipatla and Ismail Shakil in Bengaluru, Tim Hepher in Paris, Conor Humphries in Dublin and Jeffrey Dastin in San Francisco; Editing by Shailesh Kuber and Peter Cooney)

Airline Stocks That Look Ready to Rise

Barron’s says it’s going to be another good day for airlines, as a number of analysts had good things to say about stocks across the sector.

Where we were: Airlines have struggled this year, but Spirit Airlines (SAVE) upbeat fourth-quarter forecast sent shares soaring Tuesday.

Click the link below for the full story!

Southwest Balks At American Airlines New Idea For Cuba Routes

Southwest ripped American’s proposed rule change that would alter how U.S. airlines handle their routes to Cuba, calling the idea “unprecedented” in an Oct. 10 regulatory filing.

The U.S. opened up the Cuban market a few years ago and allowed airlines to apply for routes. Only 20 daily routes to Havana were allocated to U.S. airlines.

Both American Airlines Group, Inc. (NASDAQ: AAL) and Southwest Airlines Co. (NYSE: LUV) were granted routes. When an airline is awarded a route, it’s tied to that specific city. So, an airline can’t shift its route allocations to different U.S. cities to match demand.

Click the link below for the full story!

Southwest balks at American Airlines

Should Berkshire Hathaway buy Southwest Airlines?

Warren Buffett’s Berkshire Hathaway Inc. (BRK.B) could use its controversial cash hoard to purchase Southwest Airlines Co. (LUV), according to Morgan Stanley.

In a research note, reported on by CNBC and MarketWatch, analysts at the bank noted that Berkshire now has a thing for airline stocks, over a decade after Buffett dismissed them as “the worst sort” of businesses. Within the sector, Morgan Stanley identified Southwest Airlines as the best fit, adding that the Dallas, Texas-based low-cost carrier’s “consistent earnings power,” strong balance sheet, good management, “simple” business model, low cost structure, “significant competitive advantage” and attractive price are exactly the type of characteristics that Berkshire usually looks for.

Click the link below for the full story!

Should Berkshire Hathaway Buy LUV?

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