Southwest Airlines CEO Gary Kelly announced a dividend of 10 cents per quarter, a 33% boost from the prior dividend of 7.5 cents per quarter. "On a cumulative basis over the past five years, including today's increase, our quarterly dividend has grown more than twenty fold," Kelly said in a statement on Wednesday.
The Douglas DC-3 flown by American Airlines was one of the first aircraft to show the viability of commercial airlines in the 1930s. The "Flagship Detroit," a DC-3 built in 1937, will visit Tulsa, Okla., this weekend. "They say this is the plane that made flying profitable," said Jim Gentry, an American Airlines mechanic.
JetBlue Airways announced plans to compost nearly 300 pounds of food waste per day from restaurants at its terminal at John F. Kennedy International Airport in New York. The carrier is partnering with Air Ventures and Royal Waste Services. The compost from the leftover food will be turned into fertilizer and soil for farms.
EADS CEO Tom Enders said Airbus is boosting its outlook for 2013 orders from a previous estimate. New Airbus orders already have reached 500 this year, and Enders said he is "comfortably forecasting that we should be well above 800 aircraft in 2013."
Boeing said its updated 737 MAX will burn 13% less fuel than the current 737 model. The aircraft manufacturer plans to start production of the 737 MAX in 2015, with the first delivery slated for 2017. Boeing has received 1,376 firm orders for the 737 MAX.