It focuses on customer service through its employees. The Company is strong from both a financial and operational perspective.įrom its pure low-cost model to the point-to-point flights, their very efficient network planning, and logistics, the Company has continuously demonstrated its capacity to adapt. Southwest survived without compromising its core values and business strategies. Southwest Airlines wasn’t spared either, as it saw a loss of $3.1 billion in 2020.īut executives and the entire Southwest leadership built the Company’s business model to be flexible and adaptive, allowing it to respond well when faced with such challenges. The whole sector felt the impact, with reports from the International Civil Aviation Organization (ICAO) indicating a $371 billion loss in operating revenues. The COVID-19 pandemic resulted in disruptions to the airline industry. Southwest boasts a fleet of more than 730 aircraft and is one of the major carriers in the United States with a 17.4 percent market share. Analysts consider it the only large but low-cost airline traversing the American airspace. The Company’s business model features a low-cost structure and innovative logistics that focus on point-to-point service. Southwest also reported an operating cash flow of $2 billion and a net income of $348 million. On July 22, 2021, Southwest announced its Q2 results, reporting operating revenues of $4 billion, increasing 297.6 percent year over year. ![]() had a market cap of $30.638 billion and reported a 2020 price-earnings ratio (P/E) of -8.31. As of October 2021, Southwest Airlines Co. was incorporated under State law on March 15, 1967, and became a public company trading on the New York Stock Exchange (NYSE) on June 8, 1971.ĭuring its IPO, Southwest sold 650,000 shares at approximately $11 per share. The Company’s primary business is providing air transportation within the US. Southwest Airlines Co., is a publicly traded company based in the United States.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |