Southwest Airlines Co
(NYSE: LUV)
13.86
+0.08
+0.58%
+0.08
+0.58%
MORE ON LUV
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Southwest Airlines Co |
| Industry: | Airlines |
| Employees: | 45,861 |
DESCRIPTION
| Southwest Airlines, Co. was incorporated in Texas in 1967. It is a major passenger airline that provides scheduled air transportation in the United States. The Company mainly provides point-to-point, rather than hub-and-spoke, service. This allows the Company to maximize the use of key assets, including aircraft, gates, and Employees, and also facilitates the Company’s ability to provide its markets with frequent, conveniently timed flights and low fares. The Company has predominantly served short-haul routes with high frequencies. Over recent years, it has complemented this service with medium to long-haul routes, including transcontinental service. The Company’s point-to-point service also enables it to provide its markets with frequent, conveniently timed flights. Examples of markets offering frequent daily flights are: Dallas Love Field to Houston Hobby, 27 weekday roundtrips; Phoenix to Las Vegas, 15 weekday roundtrips; and Los Angeles International to Oakland, 16 weekday roundtrips. The Company complements these high-frequency short-haul routes with long-haul, nonstop service between markets such as Los Angeles and Nashville, Las Vegas and Orlando, and San Diego and Baltimore. The Company’s use of a single aircraft type, the Boeing 737, enables it to simplify scheduling, maintenance, flight operations, and training activities. The Company’s point-to-point route structure includes service to and from many secondary or downtown airports such as Dallas Love Field, Houston Hobby, Chicago Midway, Baltimore-Washington International, Burbank, Manchester, Oakland, San Jose, Providence, Ft. Lauderdale/Hollywood, and Long Island Islip airports. These conveniently located airports are typically less congested than other airlines’ hub airports, which enables the Company to achieve high asset utilization because aircraft could be scheduled to minimize the amount of time they are on the ground. Competition within the airline industry is highly competitive and unpredictable, and the Company currently competes with other airlines on a majority of its routes. The airline industry is heavily regulated, especially by the federal government. |
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