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BUSINESS
December 9, 2005
* Southwest Airlines Co. pilots agreed to add about 90 minutes a month to their flight time without a pay increase, saving about $4 million a year for the most profitable U.S. carrier.
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BUSINESS
November 11, 2008 | Times Wire Services
McDonald's Corp., the world's largest restaurant company, posted October sales that beat some analysts' estimates after U.S. consumers, pinched by rising food bills and unemployment, bought double cheeseburgers and other $1 items. Global sales at restaurants open at least 13 months climbed 8.2%, paced by Europe's gain of 9.8% compared with a year earlier. U.S. same-store sales increased 5.3%, the Oak Brook, Ill., company said. The Oct.
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BUSINESS
July 9, 2008 | From the Associated Press
Southwest Airlines Co. said Tuesday that it planned to offer international service -- a first for the low-fare carrier -- through a deal with Canada's WestJet. Southwest said it had taken the first step toward striking a so-called code-sharing agreement and planned to announce schedules and other features of the WestJet partnership by late next year. The agreement is subject to review by U.S. and Canadian regulators.
BUSINESS
June 30, 2000
* Boeing also said it won an order for at least 94 jetliners valued at $4.5 billion from Southwest Airlines Co., the low-fare carrier's largest ever and the U.S. plane maker's biggest for its 737 line of planes. Dallas-based Southwest also is taking options and other purchase rights allowing it to buy 196 more through 2012. Boeing said it will boost production of the 737s to 28 from 24 a month starting in the third quarter of 2001. On the NYSE, Boeing shares rose 40 cents to close at $40.
BUSINESS
February 8, 1995 | Times Staff and Wire Reports
Southwest Forced to Reduce Orange County Service: Effective April 1, the number of the Dallas-based carrier's daily flights at John Wayne Airport will go from 21 to 14. Southwest Airlines Co. said the cuts are necessary for it to meet the change in its capacity allocation for the airport's 1995-96 access plan year. The facility's annual passenger limit is 8.4 million.
BUSINESS
July 18, 2007 | From Bloomberg News
Southwest Airlines Co., already slowing growth to help boost profit, is offering buyouts to 27% of its employees to reduce operating costs. About 9,000 workers are eligible for the buyouts, which include $25,000 cash, medical and dental benefits and travel privileges, spokeswoman Brandy King said Tuesday. It's the second such program in the Dallas-based airline's 36-year history. The offer marks Southwest's latest effort to offset rising labor and fuel costs, its two largest expenses.
BUSINESS
January 18, 2006 | From Bloomberg News
Southwest Airlines Co. is contesting a U.S. government plan to charge the airline $24 million for passenger security checks, saying the effort is unfair and possibly illegal. "We are going to challenge the arbitrary, capricious and arguably unlawful assessment of these taxes with every fiber of our being," said Ron Ricks, a Southwest senior vice president. "We are bewildered and frustrated." Other airlines may also challenge the Transportation Security Administration as it seeks to collect $103.
BUSINESS
April 22, 2003 | From Bloomberg News
Southwest Airlines Co., the largest low-fare carrier, said Monday its first-quarter profit rose 14% as the company picked up travelers in markets such as California and Florida, where rivals have reduced or canceled service. Net income increased to $24 million, or 3 cents a share, from $21.4 million, also 3 cents, in last year's first quarter. Sales rose 7.5% to $1.35 billion. Southwest is the only major U.S.
BUSINESS
August 3, 1994 | From Times Wire Services
Southwest Airlines Co. said Tuesday that it will test a system in which passengers won't need to hold tickets to fly. Starting Aug. 22, Southwest will test ticketless travel among four cities: Dallas; Houston; Corpus Christi, Tex., and Little Rock, Ark. If the system is adopted on all its routes, Southwest would be the first major airline to abandon the traditional ticketing process. Southwest spokesman Ed Stewart compared the new system to ones used by car rental agencies.
BUSINESS
June 10, 2008 | From Times Wire Services
Southwest Airlines Co. is poised to displace Northwest Airlines Corp. as the fifth-largest U.S. carrier by traffic. Southwest's edge over Northwest in miles flown by paying passengers widened to 2.1% through May, based on airline data. Delta Air Lines Inc. is buying Northwest in a deal they expect to close this year. Among the biggest airlines, No. 3 Delta posted the largest gain in traffic on its main jet operations, 5%, as higher demand for international flying offset U.S. declines.
BUSINESS
May 30, 2008 | Peter Pae, Times Staff Writer
What would it be like to pay $2 for a gallon of gasoline when everyone else is paying twice that much? Southwest Airlines Co. knows, and that's why many analysts believe it may be one of the few U.S. carriers -- if not the only one -- to post a profit this year while still offering bargain fares.
BUSINESS
April 4, 2008 | Jon Hilkevitch, Chicago Tribune
FAA safety inspector Bobby Boutris was conducting night surveillance of maintenance at Midway Airport in Chicago in March 2007 when he observed a Southwest Airlines plane being repaired for a crack on the fuselage. To his disbelief, Boutris discovered that the plane was overdue for inspections and still flying passengers, despite the danger that a sudden failure of the skin panels could result in rapid decompression of the airplane, jeopardizing all on board.
BUSINESS
March 8, 2008 | From Reuters
A congressional investigation has found more potential safety problems at Southwest Airlines Co., and possible lapses at other U.S. carriers are being reviewed, a senior lawmaker said Friday. Rep. James Oberstar, a Minnesota Democrat and chairman of the House Transportation Committee, said his panel had received information from government airline safety inspectors who say their reports about violations are routinely not acted upon by superiors at the Federal Aviation Administration.
BUSINESS
January 5, 2008 | From Bloomberg
Southwest Airlines Co., seeking to increase revenue without boosting fares, will begin charging customers who want to check more than two pieces of luggage. Southwest now allows three checked pieces per passenger, with size and weight limitations for each bag. Starting Jan. 29, a third checked bag will carry a $25 fee, with higher charges for additional pieces, according to the airline's website.
BUSINESS
November 8, 2007 | Peter Pae, Times Staff Writer
Want to get ahead? It'll cost you $25. Southwest Airlines Co., which has built its image around the populist idea of seating passengers on a first-come, first-served basis, today will begin letting its highest-paying customers jump ahead of the line for a fee. For an extra $10 to $25 on top of paying the highest fare available, the "business select" passenger will be able to be one of the first 15 to board the plane.
BUSINESS
July 19, 2007 | From the Associated Press
Crowded planes helped three of the nation's major airlines post second-quarter profits Wednesday, but high fuel prices limited the gains as industry executives fret over what will happen if the prices remain high going into the fall. American Airlines, the nation's biggest carrier, saw its profit rise but still fell short of Wall Street's expectations. Parent company AMR Inc. blamed summer storms that caused flight cancellations and delays. Delta Air Lines Inc.
BUSINESS
January 17, 2001 | From Bloomberg News
Southwest Airlines Co. said fourth-quarter profit rose 65% as the largest low-fare carrier flew more passengers, used contracts to lessen the effect of higher fuel prices and increased fares. Net income grew to $154.7 million, or 29 cents a share, from $93.8 million, or 18 cents, in the year-earlier quarter, on a 22% rise in revenue to $1.47 billion, the Dallas-based company said.
BUSINESS
September 15, 2007 | Peter Pae, Times Staff Writer
Southwest Airlines Co., which once clad its flight attendants in hot pants but is now accused of being a prude, tried to turn the controversy on its head Friday. After taking intense public heat for barring a 23-year-old passenger from flying because her outfit was too revealing, Southwest apologized for the incident and announced it was having a fare sale in honor of miniskirts.
BUSINESS
September 5, 2007 | From the Associated Press
U.S. air carriers increased fares Tuesday after Southwest Airlines boosted its one-way ticket prices by as much as $10 over the weekend, citing higher fuel costs. Southwest hiked fares by $1, $3 and $5 in some short- and medium-haul markets. The $10 one-way increase is in markets of more than 1,250 miles, including Albuquerque to Baltimore, the company said. "It is a small increase to mitigate cost," said Whitney Eichinger, a spokeswoman for Dallas-based Southwest.
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