Gary Kelly News
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Southwest Airlines Co. said it expects to save more than $500 million in capital spending on new jetliners through 2018 by pushing back delivery of some Boeing Co. planes as it curbs growth in its fleet.
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Southwest Airlines Co. is shifting its flight strategy at the Atlanta airport, the world’s busiest, in an escalating challenge to larger Delta Air Lines Inc. for local traffic.
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Two U.S. senators introduced a bill today to let the Federal Aviation Administration use airport- improvement funds to pay air-traffic controllers, as efforts accelerated to end flight delays caused by forced budget cuts.
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The Senate halted efforts to legislate an immediate end to furloughs of air-traffic controllers, as delays blamed on staffing shortages continued at some of the largest U.S. airports.
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Southwest Airlines Co., the biggest low-fare carrier, said Chief Executive Officer Gary Kelly received $4.03 million in compensation in 2012, an increase of 15 percent from the previous year.
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Airlines and passengers braced for a third day of delays as the U.S. government’s automatic budget cuts furlough air-traffic controllers, slowing operations at some of the busiest hubs.
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Southwest Airlines Co., the discount carrier that has never had layoffs, plans to shrink its workforce amid spending cuts of at least $100 million after higher fuel prices helped cost increases outstrip sales growth.
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U.S. airlines, shunned by Warren Buffett for almost 25 years, are now rewarding investors with the biggest returns in more than a decade.
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Southwest Airlines Co. increased pressure on Boeing Co. to upgrade its top-selling 737 model with more fuel-efficient engines, as Airbus SAS did with a competing plane, because waiting a decade for an all-new jet is too long.
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Southwest Airlines Co. Chief Executive Officer Gary Kelly set in motion the largest purchase in the carrier’s 39-year history by setting up a meeting that he thought might backfire.
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