Southwest Airlines Cashes In On Sale And Leaseback Of 36 Aircraft: Details
Southwest Airlines Cashes In On Sale And Leaseback Of 36 Aircraft: Details
Southwest has received gross proceeds of $871 million and expects to record realized gains of $92 million in the fourth quarter of 2024 for the sale-leaseback of these 35 aircraft.Southwest Airlines (NYSE:LUV) shares are trading lower on Tuesday.
西南航空（纽交所：LUV）股票在周二的交易中下跌。
The firm revealed a sale and leaseback deal involving 36 Boeing 737-800 aircraft. The aircraft will be owned and leased back to Southwest by Incline Aviation III, a fund managed by BBAM.
该公司透露一项涉及36架波音737-800飞机的售后回租交易。这些飞机将由Incline Aviation III拥有，并租回给西南航空，该基金由BBAm管理。
According to a regulatory filing, the company has completed the sale-leaseback of 35 aircraft in late December 2024.
根据一份监管文件，该公司已于2024年12月底完成35架飞机的售后回租。
Southwest has received gross proceeds of $871 million and expects to record realized gains of $92 million in the fourth quarter of 2024 for the sale-leaseback of these 35 aircraft.
西南航空已收到87100万美元的总收益，并预计在2024年第四季度因这35架飞机的售后回租记录9200万美元的实现收益。
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Gains are expected to be recognized within other operating expenses and were not included in the financial guidance update provided for fourth quarter 2024 on December 5, 2024. Therefore, it will result in a reduction of the company's cost per available seat mile for fourth quarter and full year 2024 on both a GAAP and Non-GAAP basis.
预计收益将被识别为其他营业费用，并未包含在2024年12月5日提供的第四季度财务指导更新中。因此，这将导致该公司在2024年第四季度及全年每座可用座位英里成本的降低，无论是GAAP还是非GAAP基础。
The sale-leaseback for the final aircraft is expected to be completed in January 2025.
最后一架飞机的售后回租预计将在2025年1月完成。
The company expects to use the transaction proceeds generated from the fleet strategy initiative, as well as excess cash from the balance sheet, in support of its capital allocation strategy, which includes funding future fleet modernization and providing shareholder returns.
该公司预计将利用从机队策略计划中产生的交易收益，以及来自资产负债表的多余现金，以支持其资本配置策略，该策略包括资助未来的机队现代化和提供股东回报。
Tammy Romo, Executive Vice President and CFO of Southwest Airlines, said: "By opportunistically monetizing surplus value from a portion of our existing all-Boeing 737 fleet, Southwest is generating significant cash to drive fleet modernization and offset capital expenditures in support of our capital allocation strategy. We are very pleased to partner with BBAM, one of the world's leading aircraft lessors, on this transaction."
西南航空的执行副总裁兼首席财务官Tammy Romo表示：“通过 opportunistically 变现我们现有全波音737机队的一部分的剩余价值，西南航空正在产生可观的现金，以推动机队现代化并抵消资本支出，以支持我们的资本配置策略。我们非常高兴与全球领先的飞机租赁公司之一BBAm合作进行此次交易。”
Meanwhile, Susquehanna analyst Christopher Stathoulopoulos maintained Southwest Airlines with a Neutral rating and raised the price target from $33 to $38.
与此同时，Susquehanna分析师Christopher Stathoulopoulos维持西南航空的中立评级，并将目标价格从33美元上调至38美元。
In addition, UBS analyst Thomas Wadewitz maintained Southwest Airlines with a Sell and raised the price target from $27 to $29.
此外，UBS分析师Thomas Wadewitz维持西南航空的卖出评级，并将目标价格从27美元上调至29美元。
According to Benzinga Pro, LUV stock has gained over 12% in the past year. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:JETS).
根据Benzinga Pro的数据，LUV股票在过去一年中已经上涨超过12%。投资者可以通过航空ETF-U.S. Global（纽交所：JETS）获得这个股票的曝光。
Price Action: LUV shares are trading lower by 3.29% to $32.72 at last check Tuesday.
价格行动：LUV股票在最新的检查中下跌了3.29%，报32.72美元。
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Photo via Shutterstock.
图片来自shutterstock。
