Southwest Airlines buys out its shares

Business

“A Symbol of Freedom” – the slogan of one of the largest companies in USA, Southwest Airlines, - bears the name with pride and approves the state of things.

Southwest Airlines Co. (NYSE: LUV) is an American low-fare airline based in Dallas, Texas, with its largest focus city at Las Vegas' McCarran International Airport. It has carried more customers than any other U.S. airline since August 2006 for combined domestic and international passengers according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. Southwest Airlines is one of the world's most profitable airlines.

The company has recently received sanctions to buy back up to $500 million worth of its shares and pay a share dividend of 0.45 cent.

It’s not the first time of repurchasing. Over the past 2 years it has bought out about $1.8 billion of its shares.