SoFi CEO enters prepaid forward contract on 1.5 million shares
DALLAS - Southwest Airlines Co. (NYSE:LUV), a prominent player in the U.S. passenger airlines industry with a market capitalization of $17.1 billion and annual revenue of $27.5 billion, announced Tuesday it has extended its flight schedule through June 3, 2026, adding new routes including service to St. Maarten in the Caribbean beginning April 7, 2026. According to InvestingPro analysis, the company maintains a FAIR financial health score while operating with a moderate level of debt.
The carrier will operate daily roundtrip flights between St. Maarten (SXM) and Orlando (MCO), with additional weekend service between St. Maarten and Baltimore/Washington (BWI) starting April 9. This marks Southwest’s first new international destination since 2021, according to the company’s press release statement. With the stock currently trading at $32.52, InvestingPro data reveals multiple insights about the company’s valuation and growth prospects, with 8+ additional ProTips available to subscribers.
Southwest also revealed a new partnership with Taiwan-based EVA Air that allows customers to book connecting itineraries between North America and Asia through shared gateway airports in Los Angeles, San Francisco, Seattle-Tacoma, and Chicago O’Hare. This becomes Southwest’s third airline partnership, with interline journeys now available through EVA Air booking channels and third-party travel sites.
The airline additionally announced new seasonal weekend service between Knoxville, Tennessee and Denver beginning April 9, 2026, as well as seasonal Saturday flights connecting Chicago O’Hare and Panama City, Florida starting the same date.
Southwest had previously announced Knoxville as a new destination in its network, which currently spans 117 airports across 11 countries. The St. Maarten service remains subject to required regulatory approvals.
EVA Air currently operates 89 weekly passenger flights connecting Taipei with various North American cities and will launch new service between Taipei and Dallas/Fort Worth on October 3. While analysts maintain a mixed outlook on Southwest’s stock, with price targets ranging from $19 to $46, detailed analysis and comprehensive research reports are available through InvestingPro’s extensive coverage of over 1,400 U.S. stocks.
In other recent news, Southwest Airlines reported second-quarter earnings that did not meet analyst expectations. The airline posted a net income of $213 million, or $0.39 per diluted share, missing the projected $0.51 per share. Revenue for the quarter was $7.24 billion, slightly below the consensus estimate of $7.29 billion and down 1.5% from the same period last year. Additionally, Southwest Airlines sold its renewable fuels unit, Saffire Renewables LLC, to Conestoga Energy, although the financial terms were not disclosed. In terms of corporate leadership, Doug Brooks has been appointed as the new independent Chair of the Board, effective August 1, 2025. Meanwhile, the company declared a quarterly cash dividend of $0.18 per share, payable on September 24, 2025. Analyst firm Raymond James raised its price target for Southwest Airlines to $42, maintaining an Outperform rating, citing the airline’s ongoing initiatives as a positive factor. These developments reflect Southwest’s strategic adjustments amid industry challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.