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/NBAA2014 10.24.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.24.14 **
** Airborne/NBAA2014 10.22.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.22.14 **
** Airborne/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **

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 at NBAA-10.22.14: Legacy 500, Universal InSight, BendixKing AeroWave

Also: GE Honda, Sagem's Active SideStick, Syberjet Update, Techno Aerospace Knows How to Party The FAA handed over certification papers for Embraer's Legacy 500 executive jet durin>[...]

ANN's Daily Aero-Linx (10.24.14)

Homebuilt Homepage: Clubs And Newsletters This page lists Homebuilt related Clubs and Newsletters.>[...]

ANN's Daily Aero-Term (10.24.14): Phase Separation – Aviation Fuel

Phase separation is when a combined liquid separates into two different liquids and may occur when autogas is used for aviation fuel.>[...]

Aero-News: Quote Of The Day (10.24.14)

“I’m excited and humbled by the trust that the ALPA Board of Directors has placed in me with this election.” Source: ALPA President-Elect Tim Canoll.>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC