Dividends and share repurchase programs are currently suspended due to the negative financial effects from the COVID-19 pandemic.ġ) U.S. In first quarter 2020, Southwest returned $639 million to Shareholders through the repurchase of $451 million in common stock and the payment of $188 million in dividends. Since 2010, Southwest has returned more than $12.9 billion to Shareholders through share repurchases and dividends, through March 31, 2020.
Southwest has a long history of returning value to its Shareholders. Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. For more information, please visit /wannaoffsetcarbon. Southwest continues to develop tangible steps toward an environmental sustainability goal of achieving carbon neutrality by 2050, including offering an opportunity for Customers to contribute toward helping Southwest offset its carbon emissions. That formula for success has brought industry-leading prosperity and 47 consecutive years 3 of profitability for Southwest Shareholders (NYSE: LUV). By empowering its more than 62,000 2 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Celebrating its 50th Anniversary in 2021, Southwest took flight in 1971 to democratize the sky through friendly, reliable, low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline 1.
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