Southwest Airlines Co. (NYSE: LUV) has reported its second quarter 2016 net income of USD757 million, compared with second quarter 2015 net income of USD691 million, the company said.
The company reported GAAP net income of USD820 million, compared with USD608 million in the second quarter 2015.
Record quarterly GAAP operating income was USD1.3 billion and second quarter 2016 operating income was also USD1.3 billion, resulting in an operating margin of 23.5 percent.
The company´s total operating revenues were USD5.4 billion, driven largely by second quarter 2016 passenger revenues of USD4.9 billion. Year-over-year, second quarter 2016 operating revenues grew 5.3 percent, and increased 0.6 percent on a unit basis.
Second quarter 2016 total operating expenses were USD4.1 billion, an increase of 2.0 percent, and a decrease of 2.6 percent on a unit basis, as compared with second quarter 2015.
As of June 30, 2016, the company said it had approximately USD3.4 billion in cash and short-term investments, and a fully available unsecured revolving credit line of USD1.0 billion. Net cash provided by operations during second quarter 2016 was USD1.1 billion, capital expenditures were USD462 million, and assets constructed for others, net of reimbursements, were USD1 million, resulting in free cash flow of USD649 million.
The company said it ended the second quarter 2016 with 719 aircraft in its fleet, representing the second quarter delivery of seven new Boeing 737-800s and six pre-owned Boeing 737-700s, as well as the retirement of eight Boeing 737 Classic aircraft. The company said it plans to end this year with 723 aircraft.
Moxie has been selected by Delta Air Lines, Inc. as its social media agency to manage social efforts, including strategy, content creation and analytics, across Delta´s core channels of Facebook, Instagram, LinkedIn, Twitter and its “Taking Off” Tumblr page, the company said.
Delta selected Moxie as its agency partner following a comprehensive review process.
Moxie is a marketing solutions agency that leverages the value of channel, data, content and technology.
Delta Air Lines and the Delta Connection carriers offer service to 337 destinations in 62 countries on six continents. Headquartered in Atlanta, Delta employs more than 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft.
Alaska Air Group has reported second quarter net income, excluding special items, of USD263 million, a 14 percent increase over the second quarter of 2015, the company said.
Adjusted diluted earnings per share of USD2.12 was a 20 percent increase over the second quarter of 2015. The company reported net income for the second quarter under Generally Accepted Accounting Principles (GAAP) of USD260 million or USD2.10 per diluted share, compared to net income of USD234 million, or USD1.79 per diluted share in 2015.
The company said it paid a USD0.275 per-share quarterly cash dividend in the second quarter, a 38 percent increase over the dividend paid in the second quarter of 2015.
The company generated approximately USD900 million of operating cash flow and USD560 million of free cash flow in the first six months of 2016.
Alaska Air grew passenger revenues by 3.0 percent compared to the second quarter of 2015.
The company announced proposed acquisition of Virgin America, Inc. on April 4, 2016. Peter Hunt, currently Virgin America´s senior vice president and chief financial officer, has been named president of the planned Virgin America subsidiary upon transaction close, expected in the fourth quarter this year.
P3 has prepared to keep athletes and spectators connected at the 2016 Summer Olympics in Rio with a global inventory with devices and SIM cards from the world´s network operators, the company said.
P3 said it has had its device service teams in Rio de Janeiro since early this year, conducting driving, walking and stationary tests of 38 known smartphones.
Brazilian mobile carrier Claro and landline service provider Embratel estimate that 27 million voice calls will be made and three million SMS messages will be sent during the Summer Olympic Games. The 3G/4G data traffic is forecast to be 50 percent higher than at the 2012 London Games.
P3 is a global consulting, management and engineering services company, with a team of more than 3,000 consultants and engineers working to develop and implement solutions to complex technology challenges.
Bluefly has introduced its new mobile shopping app for iOS and Android, the company said.
Bluefly offers its customers a more streamlined and mobile-friendly shopping experience with its new app, built on the Mozu commerce platform. The company said nearly 42 percent of total sales come from mobile.
Through Mozu´s integrated content management system (CMS) across desktop and mobile app, Bluefly customers will see new products, changes to existing products, discounts and promotions instantly across the app.
Bluefly is a large online fashion destination offering access to over 2,500 brands.
FLYBLADE, INC. has completed its Series A financing with investments from Raine Ventures and Discovery Communications CEO David Zaslav, the company said.
The company has appointed Kenneth Lerer as chairman of its board of directors. He is a managing partner of Lerer, Hippeau Ventures as well as co-founder and former chairman of The Huffington Post.
FLYBLADE, INC. is a digitally powered short-distance aviation company.
Raine Ventures is a venture fund managed by the Raine Group. Other investments held by Raine Group include VICE Media, Margaritaville, Inc., and Brian Grazer and Ron Howard´s Imagine Entertainment.
Attunity Ltd. (NASDAQ: ATTU) Attunity Replicate for Hadoop has been selected by a global corporation as a strategic technology to enable large-scale data ingest for the company´s corporate data lake and customer analytics projects.
Through the agreement with the company, Attunity will generate more than USD4.0 million as license and support fees over a period of three years. The agreement includes expansion opportunities for other data sources for additional consideration.
Attunity is a provider of big data management software solutions that enable access, management, sharing and distribution of data across heterogeneous enterprise platforms, organizations, and the cloud.
Garmin International Inc., a unit of Garmin Ltd., (NASDAQ: GRMN) has partnered with Jeppesen to integrate Jeppesen terminal charts with the iOS-based Garmin Pilot app, the company said.
The partnership combines capabilities from the two companies to advance cockpit technology and enhance the flying experience for general aviation pilots.
Jeppesen terminal charts can be viewed within Garmin Pilot from the charts page and in split screen mode alongside the moving map. Geo-referenced Jeppesen charts can also be overlaid on the moving map for navigation.
Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom.
Jeppesen delivers transformative information and optimization solutions to improve the efficiency of air operations around the globe. Jeppesen is a Boeing subsidiary and part of the digital aviation business unit within Boeing Commercial Aviation Services.
Bulk TV & Internet has expanded its portfolio of offerings to include Blueprint RF´s turn-key network systems, providing customers a secure, managed and rules-based Internet connection, the company said.
Blueprint RF services are approved by most major hotel brands, and offer Bulk TV´s customers the same reliability as their in-room HD television programming services.
The company´s RF solutions provide enterprise grade platforms that meet the needs of the hotel market while freeing operators from investing independently in systems, tools, IT professionals and services. Blueprint RF´s wired and wireless connectivity solutions connect over 180,000 hotel guest rooms, lobby areas, and conference centers.
Bulk TV & Internet provides service to 400,000 hotel rooms nationwide including television programming and digital satellite TV systems. Blueprint RF supplies network solutions to the hospitality and travel industry with proprietary solutions and services that integrate technology.
TransPerfect has launched three new language sites for Korean Air´s main passenger booking site, the company said.
The addition of Indonesian, Thai and Vietnamese brings the total number of supported languages to 13.
To ensure streamlined localization, management and testing processes, Korean Air said it has continued its use of TransPerfect´s GlobalLink Connect for Adobe Experience Manager (AEM). Combining AEM´s functionality with GlobalLink´s workflow management and in-country review capabilities, the integration gives Adobe users a comprehensive platform to manage enterprise content for markets around the globe.
Korean Air carried more than 25 million passengers in 2015, operating in excess of 462 flights per day to 131 cities in 46 countries on six continents–with a fleet of 169 aircrafts, including ten A380s.
With annual revenues of more than USD500 million, TransPerfect is a privately held provider of language services and technology solutions.