Tag Archives: Beats Music

Southwest Airlines announces new spring routes

Southwest Airlines (Dallas) beginning on April 12, 2016, will begin offering new nonstop service between:

Grand Rapids, Michigan and Chicago (Midway)

Greenville-Spartanburg, S.C. and Atlanta

Flint, Michigan and Chicago (Midway)

Dayton, Ohio and Chicago (Midway)

St. Louis and Des Moines, Iowa

St. Louis and Wichita, Kansas

St. Louis and Pittsburgh*

Wichita, Kansas and Phoenix

Newark and Orlando

Las Vegas and Newark

*Starts March 10, 2016

In addition to the new routes on April 12, 2016, Southwest will begin offering year-round nonstop service between St. Louis and Seattle/Tacoma, previously offered seasonally.

Southwest serves 96 destinations across the United States, Latin America, and the Caribbean.

Copyright Photo: Mark Durbin/AirlinersGallery.com. Boeing 737-7H4 N909WN (msn 32458) in the Beats Music special livery taxies at San Francisco International Airport (SFO).

Southwest Airlines aircraft slide show (current livery): AG Airline Slide Show

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Southwest Airlines reports a record 4Q net profit of $190 million and $1.1 billion for 2014, its 42nd consecutive year of profitability

Southwest Airlines Company (Dallas) today reported its fourth quarter and annual 2014 results:

Record fourth quarter net income, excluding special items1, of $404 million, or $.59 per diluted share, compared with fourth quarter 2013 net income, excluding special items, of $236 million, or $.33 per diluted share. This exceeded the First Call consensus estimate of $.55 per diluted share.

Fourth quarter net income of $190 million, or $.28 per diluted share, which included $214 million (net) of unfavorable special items, compared with net income of $212 million, or $.30 per diluted share, in fourth quarter 2013, which included $24 million (net) of unfavorable special items.

Record annual net income, excluding special items, of $1.4 billion, or $2.01 per diluted share, compared with 2013 net income, excluding special items, of $805 million, or $1.12 per diluted share.

Record annual net income of $1.1 billion, or $1.64 per diluted share, which included $261 million (net) of unfavorable special items, compared with net income of $754 million, or $1.05 per diluted share, in 2013, which included $51 million (net) of unfavorable special items.

Return on invested capital, before taxes and excluding special items (ROIC)1, of 21.2 percent for 2014, as compared with 13.1 percent for 2013.

Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, “We are extremely proud to report record annual 2014 net income, excluding special items, of $1.4 billion, or $2.01 per diluted share. Our 2014 total operating revenues were strong, increasing 5.1 percent to a record $18.6 billion. Our 2014 operating cost performance was also solid, with costs declining, year-over-year. Our ROIC for 2014 was 21.2 percent. This remarkable achievement would not have been possible without the hard work, perseverance, and determination of our Southwest People, and I commend them for these exceptional results, which earned them a record $355 million in profitsharing for 2014, up 56 percent from the previous record in 2013. Our strategic plan has come together successfully, and we have realized significant contributions from the AirTran integration, fleet modernization efforts, and the continued growth of our Rapid Rewards program.

“Our balance sheet and liquidity remain strong, with cash and short-term investments of $3.0 billion at the end of 2014. We generated strong free cash flow1 of $1.1 billion in 2014, allowing us to repurchase $955 million of Southwest common stock, pay $139 million to Shareholders in dividends, and reduce debt and capital lease obligations by $261 million, net, during the year.

“We concluded 2014 with record fourth quarter profits, excluding special items, of $404 million, or $.59 per diluted share. Total operating revenues were a fourth quarter record $4.6 billion. On a year-over-year basis, our fourth quarter 2014 revenue per available seat mile increased 2.0 percent, which is outstanding considering the 2.4 percent increase in available seat miles (ASMs); the 2.6 percent increase in stage length; the 2.4 percent increase in seats per trip2 (gauge); and the large percentage of our capacity under development. Customer demand remained strong, resulting in a record fourth quarter 2014 load factor of 82.0 percent, up 1.6 points from fourth quarter 2013. We are pleased with our passenger unit revenue and booking trends thus far in January, considering the continuing impact of increasing ASMs, stage length, and gauge, and the large percentage of our capacity under development. Based on these trends, we currently expect our first quarter 2015 passenger revenues to grow in line with the expected six percent increase in first quarter 2015 ASMs, both on a year-over-year basis.

“Our fourth quarter 2014 unit costs, excluding special items, were down 3.8 percent year-over-year, primarily as a result of significantly lower fuel prices. Our first quarter 2015 cost outlook is also favorable. With the collapse in fuel prices since September 2014, fuel prices have declined nearly 50 percent. Based on our existing fuel derivative contracts and market prices as of January 16, 2015, we estimate our first quarter 2015 economic fuel costs to be approximately $1.90 per gallon, which would result in approximately half a billion dollars in year-over-year fuel cost savings for first quarter alone. Excluding fuel and oil expense, special items, and profitsharing, we currently expect first quarter and full year 2015’s unit costs to decline in the one to two percent range, compared with the same year-ago periods, driven largely by our capacity growth and ongoing fleet modernization initiatives.

“December 28, 2014, marked the sunset of the AirTran brand. Overall, the AirTran acquisition resulted in net pre-tax synergies (excluding acquisition and integration expenses) of approximately $500 million in 2014, exceeding our $400 million target.

“We launched international service on Southwest Airlines to seven destinations in five countries in 2014, which will grow to seven countries with our plans to begin service to San Jose, Costa Rica; Puerto Vallarta, Mexico; and Belize City, Belize, in 2015, pending government approvals. We have been very pleased with the overall performance of our markets under development, most notably Dallas Love Field, New York LaGuardia, and Reagan National.

“Without question, 2014 was a monumental year for Southwest Airlines with many notable achievements. My gratitude goes out to our outstanding Employees for their tremendous efforts and the successful execution of our strategic initiatives, which allowed us to achieve our financial goals and expand our service internationally. As we enter 2015, we are well positioned financially and excited about our growth opportunities ahead. We remain steadfast in our unwavering commitment to preserve our financial strength, provide job security for our Employees, protect our low fare brand, and deliver adequate returns to our Shareholders. We live up to that commitment by offering friendly, reliable, and low cost air travel, and by expanding our network in a sensible manner.”

Read the full report: CLICK HERE

Listen to the conference call at 12:30 EST today to discuss the results: CLICK HERE

Copyright Photo: Raul Sepulveda/AirlinersGallery.com. Boeing 737-7H4 N909WN (msn 32458) taxies at San Juan in the new Beats Music – Don’t miss a beat special livery.

Southwest Airlines aircraft slide show (current livery):

Southwest Airlines today introduces Beats Music on this WiFi-enabled and marked Boeing 737-700

Southwest Airlines introduces Beats Music on WiFi-enabled aircra

Southwest Airlines (Dallas) today (November 3) introduced Beats Music on its WiFi-enabled aircraft. The airline issued this statement:

Southwest Airlines is giving Customers a new reason to pack their headphones! Beginning today, Beats Music is providing a uniquely curated music experience onboard Southwest Airlines WiFi-enabled aircraft.

Customers accessing Beats Music onboard have an opportunity to listen to wide-ranging music programming in pop, rock, country, and other genres to hear fresh new artists and the hottest songs, which are handpicked by Beats Music expert curators. Accessing the service inflight is on the house and includes a library of hundreds of playlists. Not sure what to listen to, but feel like Jet-Setting with your BFF to Pop? The Sentence offers a continuous playlist just for you, customized by your response to four questions about location, activity, surroundings, and musical preference.

The new entertainment service was introduced today at a live demonstration onboard the official Beats Music-decaled Boeing 737 aircraft (above and below).

Southwest Airlines introduces Beats Music on WiFi-enabled aircra

 

To celebrate, a special playlist was created that will come to life with live concerts from a couple of the artists on select Southwest flights at 35,000 feet! The official Beats Music aircraft is planned to depart from Dallas Love Field to Chicago-Midway on flight 732 with Cobra Starship onboard. Customers on this flight will get a Southwest Airlines VIP backstage pass to the most elevated live concert they’ve ever experienced, with an opportunity to meet and receive autographs from the band. Southwest Airlines also is celebrating with Customers on Flight 1527 with Elephant Revival, flying from Portland to Denver.

Beats Music is a music subscription service that combines expert curation with the best technology, so you get music that’s right for you every time. Customers can stream a selection of Beats Music playlists through the Southwest entertainment portal, which is powered by Global Eagle Entertainment Inc., using their personal electronic devices onboard Southwest Airlines WiFi-enabled aircraft. Global Eagle Entertainment is a worldwide provider of media content, technology, and connectivity solutions to the travel industry. Through the industry’s most comprehensive product and services platform, Global Eagle Entertainment provides airlines with a wide range of inflight solutions including WiFi, movies, television, music, interactive software, as well as portable IFE solutions, content management services, e-commerce solutions, and original content development.

The service provided on the Southwest entertainment portal will be compatible with major mobile devices and operating systems, including iOS and Android, as well as most web browsers, and is designed to ensure a seamless and superior quality playback.

Copyright Photos: Southwest Airlines’ Boeing 737-7H4 N909WN (msn 32458) is the first aircraft to wear the special Beats Music markings.

Southwest Airlines Aircraft Slide Show: AG Slide Show

Southwest Airlines introduces Beats Music on WiFi-enabled aircra

Video: Southwest’s executives celebrate Halloween: