Southwest quadruples dividend, pushes back some aircraft delivery

Southwest will quadruple the increase in dividends, providing an annual yield of about 1%, based on Tuesday's closing stock price of $13.98. "For those trying to do the math, that's a big increase," Southwest CEO Gary Kelly said. Southwest's board also has increased the stock repurchase plan by $500 million to $1.5 billion. Meanwhile, the airline revamped its jet delivery schedule by pushing back delivery of some Boeing aircraft from 2018 to 2019. "Our restructured aircraft delivery schedule will reduce our capital spending for firm orders through 2018 by more than $500 million," said Kelly.

View Full Article in:

Bloomberg · Washington Post, The · Wall Street Journal, The · Dallas Morning News (free content), The

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Manager, User Experience
Alaska Airlines
Seattle, WA
Senior Analyst, Agency Distribution & Sales Support
Virgin America
Burlingame, CA
Manager Supply Chain Logistics
FedEx Express
Los Angeles, CA
SR Lead Manufacturing Engineer
Aurora Flight Sciences
Bridgeport, WV
General Manager, Training and Simulation
Pacific Sky Aviation Inc.
Victoria