LUV Stock Recent News

Sheila Kahyaoglu, Jefferies aerospace and defense analyst, joins CNBC's 'Money Movers' to discuss Southwest's investor day, the carrier's updated plans and guidance, and more.

Southwest Airlines stock is higher after the air carrier announced several initiatives, including a big share repurchase program. Here's what you need to know.

Southwest Airlines Co (NYSE:LUV) shares gained more than 10% after the airline raised its third quarter forecast for revenue per available seat mile and announced a $2.5 billion share repurchase program. The airline now expects revenue per available seat mile, which reflects pricing power, to increase between 2% to 3% in Q3, compared with its earlier expectation of flat to 2% growth.

Southwest Airlines Co (NYSE:LUV) stock is driving the New York Stock Exchange (NYSE) higher today, last seen up 10.3% to trade at $31.33.

The company says its business plan will rake in an additional $4 billion in earnings before interest and taxes by 2027.

The trading day opened strong off a big beat for Micron's (MU) earnings, the chip stock wasn't alone in finding success. Accenture (ACN) rallied off its earnings, as did Southwest Airlines (LUV) after raising its revenue forecast.

Southwest Airlines' stock surged Thursday after the air carrier raised its revenue outlook and indicated it would resume stock repurchases for the first time in more than four years.

The airline's first flights with assigned seats are scheduled to take off in 2026, among a series of radical changes Southwest is making to its model.

CNBC's Phil LeBeau joins 'Squawk Box' with the latest news.

DALLAS , Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") has appointed Robert "Bob" Fornaro as a member of the Board, effective immediately.