Jan 04, 11:11 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Dawn Geske 01/04/19 AT 11:10 AM Southwest Airlines (LUV) founder and chairman emeritus Herbert D. Kelleher passed away Thursday at the age of 87.Kelleher was an innovator when it came to the airline industry, creating the quirky Southwest Airline that many have come to know and love. He incorporated Air Southwest Inc. with client Rollin King in 1967. The inspiration behind the airline was to offer low-fares and intra-Texas airline services. The airline took to the skies in 1971 and has since made “flying fun and affordable.”Kelleher worked hand-in-hand with Colleen Barrett, president emeritus at Southwest Airlines. The duo was a “powerful pair” since the days that Barrett started as Kelleher’s legal secretary in 1967. Kelleher and Barrett worked to groom the airline and nurture it from the ground up to the company it is … [Read more...] about Southwest Airlines Update: Founder Herbert D. Kelleher Passes Away At 87
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Nov 29, 11:02 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Dawn Geske 11/28/18 AT 3:49 PM Southwest Airlines (LUV) is known for its laidback attitude and quirky flight attendants, but in 2018, it was recognized for some scandalous behavior. The airline suffered everything from flight delays to a passenger death, making one reconsider air travel for good.Engine ProblemsThe most scandalous and problematic issue for the airline this year was on a flight from New York-LaGuardia to Dallas, Texas. The plane made an emergency landing in Philadelphia, Pennsylvania, after the left engine failed and debris from engine smashed a passenger window, according to The New York Times. Making matters worse for the airline, the cabin depressurized and sucked a female passenger out the window. The woman was injured and eventually died from the incident, according to the news outlet.Flight DelaysRelated to the same incident, Southwest … [Read more...] about 5 Biggest Scandals For Southwest Airlines This Year
Aug 10, 3:24 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Adam Levine-Weinberg 08/10/18 AT 2:53 AM Earlier this year, Warren Buffett turned heads when he stated during a CNBC interview that he would consider having Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) buy an entire airline. The conglomerate already owns significant stakes in the four largest U.S. airlines, but an outright acquisition of one would allow it to put more money to work.This article originally appeared in The Motely Fool.In the weeks after Buffett mentioned that he would consider acquiring an airline, several analysts opined that Berkshire Hathaway might buy Southwest Airlines (NYSE:LUV). On Wednesday, analysts at Morgan Stanley climbed on the bandwagon. While they don't have any knowledge of merger-and-acquisition discussions between the two companies, they argued that Southwest would be a logical acquisition … [Read more...] about Will Berkshire Hathaway Buy Southwest Airlines?
NEW YORK (Reuters) - Shares of U.S. airlines have been depressed by rising oil prices this year, but their descent to relatively cheap levels could position them for takeoff. An American Airlines flight lands at Logan International Airport in Boston, Massachusetts, U.S. January 9, 2018. REUTERS/Brian Snyder Just since mid-March, the S&P 1500 airlines index .SPCOMALI has tumbled more than 10 percent. While other factors, including broader market volatility, are weighing on the shares, the decline has coincided with an 18 percent rise in U.S. crude oil prices CLc1 to over $70 a barrel. An expected strong summer travel season could lure investors back to the stocks with more enticing values in the face of higher fuel prices. Fuel is one of the biggest costs for airlines, with analysts saying they generally make up about one third of operating expenses. “Investors have been concerned about oil prices all year long,” said Jim Corridore, an analyst covering … [Read more...] about Rising oil prices help ground U.S. airline stocks; could make them…
Published May 19, 2018 Markets Motley Fool Facebook Twitter Comments Print Southwest Airlines' (NYSE: LUV) plans to start flying to Hawaii in late 2018 or early 2019 have attracted a lot of media buzz. The carrier's steady growth in international markets has received substantially less attention. However, at Southwest's recent annual meeting, CEO Gary Kelly confirmed that the company still is eager to grow in international markets. This suggests that Southwest Airlines will continue to spread its growth around in the coming years, rather than just expanding in Hawaii -- which is good news for local leader Hawaiian Holdings (NASDAQ: HA). Continue Reading Below International expansion still on tap In his remarks at the annual meeting, Kelly noted that Southwest Airlines flies to just 14 international destinations today, spread across the Caribbean, Mexico, and Central America. That compares to 86 domestic cities. Southwest currently deploys a mere 4% of its … [Read more...] about Southwest Airlines Confirms Its International Ambitions