Southwest Airlines Buying Back Shares Of Common Stock | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.27.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.27.15

Airborne 05.21.15

Airborne 05.22.15

 

Tue, Aug 09, 2011

Southwest Airlines Buying Back Shares Of Common Stock

Board Authorizes Repurchase Of $500 Million To 'Enhance Shareholder Value'

The board of directors of Southwest Airlines has authorized the company to repurchase, on a discretionary basis, up to $500 million of the Company's common stock. "The Board's authorization to resume a share repurchase program demonstrates our confidence in the future of Southwest Airlines and underscores our commitment to enhance Shareholder value," said Gary C. Kelly (pictured), Chairman of the Board, President, and CEO.

Repurchases will be made in accordance with applicable securities laws from time to time in open market or private transactions, depending on market conditions, and may be discontinued at any time.

In January 2008, the Company's Board of Directors authorized the repurchase of up to $500 million of the Company's common stock.  Through February 15, 2008, the Company repurchased 4.4 million shares for a total of approximately $54 million as part of this program, at which time repurchases were suspended.  With the Board's action today, the Company once again has the authorization to repurchase up to $500 million of the Company's common stock.

Southwest has approximately 804 million shares of common stock outstanding.

FMI: www.southwest.com

Advertisement

More News

Airborne 05.27.15: Did Boeing Over-Promise?, Anti-KSMO Chicanery, Jimmy Stewart

Also: FAA Hiring Astray?, Comparison Shopping LSAs, Philippines Flying Limitations, Asteroid Redirect, Wings Of Mercy, Student Launch Challenge, Alaska Air In 2013, the State of Wa>[...]

AeroSports Update: LadiesLoveTaildraggers Fly-in Canceled

Bad Weather Hammers Sulfur Springs Texas Airport And The Ladies Who Love Taildraggers Shut Down Their May 29-31 Fly-in Just in case you haven’t been watching the news, the Mi>[...]

ANN's Daily Aero-Linx (05.28.15)

Lessons Learned From Transport Airplane Accidents This Lessons Learned From Transport Airplane Accidents library represents some of the most major accidents and their related lesso>[...]

ANN's Daily Aero-Term (05.28.15): Nautical Mile

A unit of distance used in aviation and marine navigation and marine forecasts.>[...]

Aero-News: Quote Of The Day (05.28.15)

“As a pilot, your first job is to fly your own airplane. Part of that job is to scan for other airplanes.” Source: NTSB Chair Christopher Hart.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC