Form 8-K SOUTHWEST AIRLINES CO For: Mar 20
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Southwest Airlines (LUV) Sell-Off is an Overreaction - Wolfe
March 21, 2018 1:31 PM EDTWolfe Research analyst Hunter Keay came out to defend Southwest Airlines (NYSE: LUV) after the company cut 1Q18 RASM guidance from the prior range of +1-2% y/y to ~flat while also improving 1Q18 CASMx guidance by 50bp and guiding to the low... More
Southwest Airlines (LUV) Provides Guidance on Financial and Operational Trends Following Adoption of New Accounting Standard Updates
March 21, 2018 8:17 AM EDTSouthwest Airlines (NYSE: LUV) disclosed in an SEC filing:
Southwest Airlines Co. (the "Company") is providing certain recast financial information to reflect the expected effects of adoption of three new Accounting Standard Updates ("ASUs"). Effective as of January 1, 2018, the Company adopted ASU 2014-09: Revenue from Contracts with Customers (the New Revenue Standard), ASU 2017-07: Compensation - Retirement Benefits, and ASU 2017-12: Derivatives and Hedging (the "New Hedging Standard"). In accordance with the transition provisions of these new standards, the Company has recast certain 2016 and 2017 financial information previously reported in accordance with generally accepted... More
