Southwest was the first airline to establish a home page on the Internet. Initially, five Employees comprised Southwest's web site development Team, and the site took about nine months to create. The "Low Fare Calendar" feature on Southwest. In , a new site search tool was added to Southwest. Rapid Rewards Enrollment forms were updated with a modern look and feel to ease the enrollment process. Southwest launched new versions of both the Southwest iOS and Android and Southwest mobile web site in In October of , Southwest released its first iPad app.
Customer are also now able to sign up for the Rapid Rewards Credit card in mobile while making a booking. In addition to being able to book and manage domestic and international flights, Customers are able to make hotel, and complete vacation package reservations on Southwest. Southwest has an industry-leading balance sheet and have investment grade ratings from all three credit rating agencies. Southwest has the largest Boeing fleet in the world. For more than 30 years, Southwest Airlines has been the launch customer for each new generation of Boeing's series aircraft, including the MAX.
Based on the latest data available from the U. Department of Transportation DOT , Southwest is America's largest domestic airline in terms of domestic originating passengers with 23 percent market share. Southwest is the only domestic airline with a decades-long history of returning capital to Shareholders.
Southwest is the only domestic airline with 47 consecutive years of profitability. Stay Connected. Investor Relations. Print page Email page Share page Facebook Twitter. Company Overview Third Quarter Results. Fleet 2 Load Factor Sign up now. View now. Gary C. Chairman of the Board, Chief Executive Officer. Michael G. Van De Ven. President, Chief Operating Officer. Ron Ricks. Independent Vice Chairman of the Board. Tammy Romo. Robert E. Executive Vice President - Corporate Services.
New Stories. Southwest Airlines Co posted a smaller-than-expected loss for the third quarter on Thursday, and said profit would remain elusive in the current quarter as mounting costs are expected to offset improved travel bookings.
Southwest Airlines Co posted a smaller third-quarter loss on Thursday as widespread vaccination boosted travel demand ahead of the peak holiday season. Southwest Airlines said on Wednesday it had resumed normal operations after mass cancellations since Saturday due to unfavorable weather and air traffic issues in Florida. Southwest Airlines said it expects "more normal" operations on Tuesday after it canceled more than 2, flights since Saturday.
Southwest Airlines Co said on Monday it expects to resume normal service this week after cancelling more than 2, scheduled flights since Saturday, blaming unfavorable weather and air traffic issues in Florida. Southwest Airlines said on Monday it will comply with a Dec.
They suggested that rather than hedging business risk such as a hedge on weather to a farmer , Southwest was simply speculating on energy prices, without a formal rationale for doing so. At present, Southwest has enjoyed much positive press and a strong financial boost from their energy trading skills. However, while most analysts agree that volatility hedges can be beneficial, speculative hedges are not widely supported as a continuing strategy for profits.
This occurred after, on Wednesday March 13, , the Dallas City Council unanimously voted to allow for the construction. The airline leased two additional tracts of land, a total of 10 acres 4. With the new pilot training facility built, the old one would be removed and the company would expand its headquarters building to the north. The airline also leased 4.
After the facilities announced in were added, Southwest had a total leasehold of about 24 acres 9. In late , Southwest began actively seeking the full repeal of the Wright Amendment restrictions. In late , Missouri was added to the list of permissible destination states via a transportation appropriations bill. At a June 15, joint press conference held by the city of Dallas, the city of Ft.
Worth, Dallas-Ft. Worth Airport, American Airlines, and Southwest Airlines, the said parties announced a tentative agreement on how the Wright Amendment was to be phased out. Both the U. Senate and House of Representatives passed Wright-related legislation on September 29, , and it was signed into law by PresidentGeorge W.
Bush on October 13, The new law became effective on October 16, , when the FAA Administrator notified Congress that any new aviation operations occurring as a result of the new law could be accommodated without adverse effect to the airspace. Southwest started selling tickets under the new law on October 19, Highlights of the agreement are the immediate elimination of through-ticketing prohibitions, and unrestricted flights to domestic destinations eight years after the legislation takes effect.
Because of the agreement, nationwide service became possible for Southwest; the law also defined the maximum number of gates at Love Field. Southwest remains the dominant passenger airline at Love Field, maintains its headquarters, hangars, training centers, and flight simulators adjacent thereto, and reflects its ties to Love Field in its stock exchange ticker symbol LUV. In , Southwest contracted with Pratt and Whitney to supply the proprietary Ecopower water pressure-washing system, which allows Southwest to clean grime and contaminants off engine turbine blades while the aircraft is parked at the gate.
Frequent use of the Ecopower system is estimated to improve fuel efficiency by about 1. In some cases the planes were allowed to fly for up to 30 months after the inspection deadlines had passed, rendering them unfit to fly.
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