Southwest Airlines Lifts Q4 Guidance, Launches $750 Million Stock Buyback
On Thursday, Southwest Airlines Company (NYSE:LUV) shares traded higher after the company announced it will launch a $750 million stock buyback program in the first quarter of 2025. The move follows the $250 million accelerated share repurchase launched in October 2024. After this, $1.5 billion will remain under its $2.5 billion repurchase program, authorized in September 2024. Outlook: The company revised its fourth-quarter guidance, now expecting RASM to increase by 5.5% to 7.0% (vs. 3.5%- 5.5