Southwest Airlines brings back dividend as travel rebounds
Southwest Airlines is bringing back dividends for shareholders
By AP News
Published - Dec 07, 2022, 11:41 AM ET
Last Updated - Jun 23, 2023, 07:23 AM EDT
DALLAS (AP) — Southwest Airlines said Wednesday that it is bringing back dividends for shareholders, which it suspended when the pandemic devastated the airline business in early 2020.
Dallas-based Southwest said in a regulatory filing that it will pay a quarterly dividend of 18 cents per share on Jan. 31.
The move comes as air travel rebounds and U.S. airlines return to profitability due to full planes and sharply higher fares than a year ago.
Southwest has posted the highest net income among U.S. airlines in the first nine months of this year, reporting a $759 million profit in that span.
