DALLAS — Southwest Airlines stated Wednesday that it is bringing back dividends for investors, which it suspended when the pandemic ravaged the airlinecompany company in early 2020.
Dallas-based Southwest stated in a regulative filing that it will pay a quarterly dividend of 18 cents per share on Jan. 31.
The relocation comes as air travel rebounds and U.S. airlinecompanies return to success due to complete aircrafts and greatly greater fares than a year back.
Southwest has published the greatest web earnings amongst U.S. airlinecompanies in the veryfirst 9 months of this year, reporting a $759 million revenue in that period.
The airlinecompany stated the choice to bringback the dividend showed a strong return in need for travel and the business’s monetary results giventhat March. Executives stated the pattern of strong reservations is mostlikely to spill into 2023 regardlessof customers dealingwith high inflation and unpredictability about the economy.
“So far we are seeing no indications of a downturn in travel need,” Chief Financial Officer Tammy Romo stated throughout a Southwest conference with experts in New York. Her co