Loading…
Loading…
DALLAS, Oct. 26, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today announced that it has priced an underwritten public offering of $1,250,000,000 aggregate principal amount of its senior notes, consisting of $600,000,000 aggregate principal amount of 5.750% Notes due 2029 (the "2029 Notes") and $650,000,000 aggregate principal amount of 6.000% Notes due 2031 (the "2031 Notes" and, collectively with the 2029 Notes, the "Notes"). The Company expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, the repayment at maturity of all of the Company's outstanding $300 million aggregate principal amount of 3.000% notes due November 15, 2026, as well as the repayment or redemption of other indebtedness or other corporate obligations.
Southwest Airlines is executing a major business model transformation, driving industry-leading revenue growth and a fivefold profit increase year-to-date. LUV's fortress balance sheet, low debt, and strong cash position enable strategic flexibility and continued dividend payments, distinguishing it from most peers. Southwest's pivot toward premium revenue channels—including extra legroom seating, lounges, and cobranded credit cards—positions LUV closer to legacy carrier models.
Weekly Market HighlightsThe U.S. stock market experienced significant challenges this week, with 594 stocks gaining more than 15% while 2,713 stocks declined,
US airlines favor higher fares over fuller planes as fuel costs squeeze profits
On October 22, 2026, Southwest Airlines Co (LUV) shares rose 5.4% to $42.03, reflecting an uptick in market interest despite a challenging performance over the
Southwest Airlines NYSE: LUV reported record third-quarter operating revenue of $8.4 billion and said its transformation initiatives contributed across the business, helping offset an $820 million year-over-year fuel-cost headwind.
Southwest Airlines Co. ( LUV ) Q3 2026 Earnings Call October 22, 2026 10:00 AM EDT Company Participants Danielle Collins - Managing Director of Investor Relations Robert Jordan - President, CEO & Vice Chairman of the Board Justin Jones - Executive VP & Chief Commercial Officer Tom Doxey - Executive VP & CFO Anthony Roach - Executive VP and Chief Customer & Brand Officer Andrew Watterson - Chief Operating Officer Conference Call Participants Jamie Baker - JPMorgan Chase & Co, Research Division Catherine O'Brien - Goldman Sachs Group, Inc., Research Division Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division Conor Cunningham - Melius Research LLC Sheila Kahyaoglu - Jefferies LLC, Research Division Michael Linenberg - Deutsche Bank AG, Research Division Thomas Fitzgerald - TD Cowen, Research Division John Godyn - Citigroup Inc., Research Division Savanthi Syth - Raymond James & Associates, Inc., Research Division Christian Wetherbee - Wells Fargo Securities, LLC, Research Division Scott Group - Wolfe Research, LLC Brandon Oglenski - Barclays Bank PLC, Research Division Andrew Didora - BofA Securities, Research Division Ravi Shanker - Morgan Stanley, Research Division Atul Maheswari - UBS Investment Bank, Research Division Presentation Operator Hello, everyone, and welcome to the Southwest Airlines Third Quarter 2026 Earnings Conference Call. My name is Gary, and I'll be moderating today's call.
Third-quarter operating revenue reached a record $8.4 billion. Revenue per available seat mile increased 21.6% year over year, exceeding guidance.