Southwest Airlines (NYSE:LUV) is scheduled to announce Q4 earnings results on Thursday, January 30th, before market open. Analysts expect profit of $0.46 per share, up 24.3% Y/Y on revenue of $6.95B,

U.S. budget carrier Southwest Airlines' fourth-quarter profit surpassed Wall Street estimates on Thursday, helped by robust travel demand and improved airfares.

The lawsuit filed in Texas says the carrier's failure to remove an underperforming fund option, which holds over $2 billion in assets, has cost plan members millions.

In the midst of the airline’s financial woes, the company just revealed that it will be making some major changes in an effort to cut costs. According to a new report from CNBC, Southwest Airlines is putting a freeze on corporate hiring and promotions.

Southwest Airlines Co (LUV) stock saw a modest uptick, ending the day at $32.58 which represents a slight increase of $0.41 or 1.27% from the prior close of $32.17. The stock opened at $32.07 and touched a low of $31.

Southwest Airlines confirmed the pilot had been removed from duty and apologized to customers whose travel plans were disrupted.

Dallas-based Southwest Airlines is shifting about 270 pilots from key bases in Denver and Atlanta while bulking up its presence in Baltimore and Nashville.

Southwest is disappointed that DOT chose to file a lawsuit over two flights that occurred more than two years ago," a spokesperson for the airline said.

Southwest Airlines Co. is cutting 270 pilot positions across its Denver and Atlanta operations, the latest changes under broad efforts to reduce costs and maximize use of aircraft.

Southwest Airlines and Icelandair have signed a strategic partnership agreement, letting passengers seamlessly connect between their networks. Sales and flights through Baltimore begin in February.

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Southwest Airlines is getting set to completely overhaul its seating setup, with its first-ever assigned and extra-legroom seats officially launching next