Airline Financial novels 02-02-2004 Southwest Will Use Employees' Cash To purchase Back Shares Volume: 22 Number: 5 ISSN: 10405410 Publication Date: 02-02-2004 Page: 1 Type: Periodical Language: English Southwest Airlines [NYSE: LUV] has embarked onward a stock buy-back program in an effort to obstruct the dilution of earnings as its employee purchase stock options.
Southwest Airlines [NYSE: LUV] has embarked onward a stock buy-back program in an effort to obstruct the dilution of earnings as its employee purchase stock options.
The directors authorized the company to purchase up to $300 million in stock upon the open market from time to time. The carrier generally has 787.1 million shares outstanding with a instant market value of about $123 billion.
