Southwest Airlines said its board approved a new $2.5 billion share repurchase program. The board terminated and replaced the prior program, which it had authorized in May 2019.

1. 01

   Southwest Airlines said its board approved a new $2.5 billion share repurchase program. The board terminated and replaced the prior program, which it had authorized in May 2019.

2. 02

   The company expects RASM to rise 2% to 3% year over year in Q3 2024, versus its prior outlook of flat to down 2%. The company cited an improvement of about 1 point from reaccommodating customers affected by other airlines' cancellations after the CrowdStrike incident in July.

3. 03

   The company gave its full-year 2024 economic fuel cost per gallon outlook at $2.60 to $2.70, versus a prior outlook of $2.70 to $2.80. It said full-year CASM-X is expected to rise 7% to 8% year over year, and capital spending is about $2.5 billion, with no change from its prior outlook.

4. 04

   The company said it continues to plan for approximately 20 Boeing 737-8 aircraft deliveries and 35 aircraft retirements in 2024, consisting of 737 Boeing 700-31 and 737 Boeing 800-4 aircraft. It also continues to expect Q4 2024 capacity (ASMs) to decrease about 4% year over year.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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