tiprankstipranks
Southwest Airlines Alters Convertible Notes Settlement Approach
Company Announcements

Southwest Airlines Alters Convertible Notes Settlement Approach

Story Highlights

Invest with Confidence:

An announcement from Southwest Airlines ( (LUV) ) is now available.

Southwest Airlines Co. announced a change in the settlement method for its 1.250% convertible senior notes due 2025, opting to settle in cash. This decision, communicated to securityholders and the trustee, may impact the company’s financial operations and stakeholder relations as it approaches the maturity of these notes.

More about Southwest Airlines

Southwest Airlines Co. is a major American airline known for its low-cost, no-frills model. The company primarily offers domestic flights within the United States and has a strong market focus on providing affordable air travel options.

YTD Price Performance: -3.60%

Average Trading Volume: 6,935,575

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $19.29B

For a thorough assessment of LUV stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App