Southwest Airlines (LUV) Prices 70M Share Upsized Common Offering at $28.50/Sh and $2B Offer of 1.25% Convertible Senior Notes Due 2025

Boeing 737 MAX expected to remain grounded until at least August: sources

April 28, 2020 3:30 PM EDT

By David Shepardson

WASHINGTON (Reuters) - Boeing Co's (NYSE: BA) grounded 737 MAX jet is expected to remain grounded until at least August as the manufacturer continues to grapple with software issues, people briefed on the matter told Reuters.

The largest planemaker has signaled it now hopes to win regulatory approval in August for the plane's return to service, but that could be pushed backed until fall, the sources said, as timing for meeting milestones is uncertain.

The best-selling airplane has been grounded since March 2019 after two fatal crashes in five months killed... More

Southwest (LUV) Convertible Bond Offering Said Upsized to $1.75B, Range Cut to 1.5% to 2.0% Coupon - Bloomberg

April 28, 2020 3:19 PM EDT

Southwest (NYSE: LUV) Convertible Bond Offering Said Upsized to $1.75B, Range Cut to 1.5% to 2.0% Coupon - Bloomberg

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American Airlines (AAL), Other Airlines Hit Session High

April 28, 2020 2:17 PM EDT

American Airlines (NASDAQ: AAL) and other airline stocks gained Tuesday.

American Airlines +14%United Airlines (NASDAQ: UAL) +11%Delta Air Lines (NYSE: DAL) +10%Southwest Airlines (NYSE: LUV) +2.7%JetBlue Airways (NASDAQ: JBLU) +12.2%Alaska Air Group (NYSE: ALK) +14.7%
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Southwest Airlines (LUV) Announces Proposed 55M Share Common Offering & $1B Convertible Senior Notes Offering Due 2025

April 28, 2020 6:37 AM EDT

Southwest Airlines Co. (NYSE: LUV) today announced that it has commenced an underwritten public offering... More

Southwest cuts Boeing jet deliveries after first quarterly loss in nine years

April 28, 2020 6:12 AM EDT

By Tracy Rucinski

(Reuters) - Southwest Airlines Co (NYSE: LUV) said on Tuesday it has agreed with Boeing Co (NYSE: BA) to sharply cut its 737 MAX delivery schedule through 2021 and is reviewing its order book as the coronavirus pandemic caused its first quarterly loss in nine years.

Southwest, which only operates Boeing 737s and is the world's largest customer of the grounded 737 MAX, will take no more than 48 new 737 MAX jets before Dec. 2021, a fraction of the 123 it had originally scheduled.

However, it has... More

Southwest Airlines (LUV) Tops Q1 EPS by 26c, Revenues Miss

April 28, 2020 6:07 AM EDT

Southwest Airlines (NYSE: LUV) reported Q1 EPS of ($0.15), $0.26 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $4.23 billion versus the consensus estimate of $4.42 billion.

First quarter net loss of $94 million and $.18 net loss per diluted shareExcluding special items1, net loss of $77 million and $.15 net loss per diluted shareFirst quarter operating revenues of $4.2 billion, down 17.8 percent year-over-yearCapital returns of $639 million to Shareholders through share repurchases and dividends during first quarter; dividends and share repurchase programs suspended until further noticeReturn on invested capital (ROIC)1 pre-tax of 18.1... More

Southwest Airlines (LUV) Said to Discuss Raising New Equity, Debt - Bloomberg

April 27, 2020 3:52 PM EDT

Southwest Airlines (NYSE: LUV) Said to Discuss Raising New Equity, Debt - Bloomberg

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