We celebrated several notable milestones during 2017, including the implementation of our new reservation system the retirement of our Boeing 737-300 Classic fleet the launch of the new Boeing 737 MAX 8 the launch of service to Cincinnati, Grand Cayman, and Turks & Caicos and the announcement of our commitment to serve Hawaii.
#SOUTHWEST FLIGHT 4399 FREE#
We made significant progress modernizing our fleet, investing in technology and facilities, and returning value in excess of our free cash flow 1 to Shareholders.
"Our strong profits, cash flow, and financial position enabled us to deploy capital wisely and sustain high returns on invested capital. I want to thank our People for their exceptional results and congratulate them on this outstanding honor. Last week, for the 24th consecutive year, Southwest was named to FORTUNE's 2018 list of World's Most Admired Companies. Kelly, Chairman of the Board and Chief Executive Officer, stated, "Our strong fourth quarter earnings performance capped another year of extraordinary achievements, including 45 straight years of profitability. Annual return on invested capital (ROIC) 1 of 25.9 percent.Returned approximately $1.9 billion to Shareholders through a combination of $274 million in dividends and $1.6 billion in share repurchases.Annual operating cash flow of $3.9 billion, and annual free cash flow 1 of $1.8 billion.Annual operating income of $3.5 billion, resulting in an operating margin 2 of 16.6 percent, or 16.3 percent, excluding special items 3.Excluding special items 1, annual net income of $2.1 billion, or $3.50 per diluted share.Record annual net income and earnings per diluted share of $3.5 billion and $5.79, respectively.Excluding special items 1, fourth quarter net income of $459 million, or $.77 per diluted share.Record fourth quarter net income and earnings per diluted share of $1.9 billion and $3.18, respectively.(NYSE: LUV) (the "Company") today reported its fourth quarter and annual 2017 results: At least 6,606 policemen, including 607 in Chennai, trained with state and national disaster response force are stationed in all the districts, besides 1,000 personnel with SDRF.DALLAS, Jan. 25, 2018 /PRNewswire/ - Southwest Airlines Co. “The chief minister also sanctioned Rs 38.52 crore to the state disaster response force to purchase additional machinery and special equipment, Rs 7.25 crore to the Greater Chennai Corporation and Rs 1 crore to the fisheries department to buy NavIC and NavTEX devices to convey the distress messages to fishermen,” the release added. The food, civil supplies and cooperation department should ensure the PDS outlets store essential commodities for two months to prevent shortage during disaster-like situation. The public and private hospitals should also be ready with adequate medicines.
The heads and secretaries were directed to coordinate with all departments to prevent loss of lives and damage to properties. The monitoring officers in the rank of IAS officers were told to visit the respective districts from the first week of October and assess the preparation in line with the check lists. The chief minister directed the chief secretary to hold a review meeting with three armed forces, central and state government departments. Bleaching powder and medicines should be stocked to prevent communicable diseases,” an official release quoting chief minister said. “Machinery should be kept ready for the rescue teams to reach out the affected areas shortly.
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