54.98 0.00 (0.00%)
After hours: 4:47PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||54.61 - 55.54|
|52 Week Range||49.76 - 66.99|
|PE Ratio (TTM)||9.50|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||0.50 (0.91%)|
|1y Target Est||71.68|
Southwest Airlines Co. said it expected a small number of delays or cancellations each day this week as it conducts engine checks in the wake of an accident that killed a passenger, while other airlines also have stepped up their inspections. The cancellations represented about 1% of its planned Sunday schedule, Southwest said. The airline’s Flight 1380 last Tuesday suffered an engine failure that spewed parts into the fuselage of the plane, damaged a wing and broke a cabin window.
Despite facing stiff headwinds, Alaska Air posted a modest profit last quarter. Furthermore, it is on track to stabilize its profitability by the second half of 2018.
Southwest Airlines Co (LUV.N) canceled more flights on Monday as it worked to complete inspections of engines like the one that failed last week in a deadly accident over Pennsylvania. Flightaware.com, a website that tracks aviation cancellations, said Southwest canceled 129 flights on Monday, or 3 percent of its total flights, and delayed 468 other flights, or 11 percent. Southwest said the cancellations were the result of the company’s announcement last Tuesday that it would begin voluntarily stepping up inspections of some CFM56-7B engines over the next 30 days.
Co. flight died Tuesday after an engine broke apart at more than 30,000 feet, spraying metal pieces through the fuselage and forcing the crippled jet to make an emergency landing in Philadelphia. It was the first fatality from a U.S. airline accident since 2009. The passenger killed was Jennifer Riordan, who worked as a community-relations leader for Wells Fargo & Co. in New Mexico and was a married mother of two children, her sister-in-law, Marianne Riordan, said in an interview.
Southwest Airlines Co. plans to expand service from New York City and Washington this year after completing a deal to lease slots from Alaska Air Group Inc. at maxed out airports. Southwest will be able to add six round-trip flights at New York’s LaGuardia Airport and four at Ronald Reagan Washington National Airport. The 10-year lease begins in October and has been approved by the U.S. Justice Department, Alaska said Monday.
In an internal video for employees, Southwest CEO Gary Kelly late last week said he had lots of questions in the wake of the fatal Flight 1380, but all the answers could be months and months away.
Authorities are looking at metal fatigue as a possible cause of Tuesday’s exploding engine of a Southwest plane.
ALBUQUERQUE, N.M. (AP) — Family and friends gathered Sunday to mourn an Albuquerque bank executive who died after the Southwest Airlines plane she was on blew an engine in midair.
Forty of the Dallas-based carrier's flights have been canceled due to engine inspections following a deadly incident on a flight earlier this week, the company said in a statement.
At the time, Southwest said those inspections would cause some impact on operations, but it has not said how many engines it planned to inspect. On Friday, the Federal Aviation Administration and European airline regulators ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest engine blowout earlier this week. The engine explosion on Southwest Flight 1380 on Tuesday was caused by a fan blade that broke off, the FAA said.
Southwest Airlines said it canceled about 40 flights on Sunday, or 1 percent of those scheduled, as it inspects engines after last weeks deadly accident in Pennsylvania.