Southwest Airlines Co. Announces Quarterly Dividend

Southwest Airlines Co. has declared its 185th quarterly dividend, maintaining a steady payout of $0.18 per share for its shareholders.

Dividend Details

  • Dividend amount: $0.18 per share
  • Dividend payment date: Not specified

Ratings Update

Moody’s has downgraded Southwest Airlines due to weak domestic travel demand, which may impact the company’s performance.

International Expansion Plans

Southwest Airlines is seeking permission to expand its international network, aiming to fly to countries with which the US has an Open Skies aviation agreement. This move is part of the company’s strategy to increase its global presence.

Countries with Open Skies Agreement

  • The US has Open Skies agreements with the following countries:
    • Argentina
    • Australia (subject to certain conditions)
    • Austria
    • Belgium (subject to certain conditions)
    • Brazil
    • This list is not exhaustive and may be subject to change.