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（紐交所：LUV）股票在週二的交易中下跌。
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.
該公司透露一項涉及36架波音737-800飛機的售後回租交易。這些飛機將由Incline Aviation III擁有，並租回給西南航空，該基金由BBAm管理。
According to a regulatory filing, the company has completed the sale-leaseback of 35 aircraft in late December 2024.
根據一份監管文件，該公司已於2024年12月底完成35架飛機的售後回租。
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87100萬美元的總收益，並預計在2024年第四季度因這35架飛機的售後回租記錄9200萬美元的實現收益。
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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.
預計收益將被識別爲其他營業費用，並未包含在2024年12月5日提供的第四季度財務指導更新中。因此，這將導致該公司在2024年第四季度及全年每座可用座位英里成本的降低，無論是GAAP還是非GAAP基礎。
The sale-leaseback for the final aircraft is expected to be completed in January 2025.
最後一架飛機的售後回租預計將在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.
該公司預計將利用從機隊策略計劃中產生的交易收益，以及來自資產負債表的多餘現金，以支持其資本配置策略，該策略包括資助未來的機隊現代化和提供股東回報。
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."
西南航空的執行副總裁兼財務長Tammy Romo表示：「通過 opportunistically 變現我們現有全波音737機隊的一部分的剩餘價值，西南航空正在產生可觀的現金，以推動機隊現代化並抵消資本支出，以支持我們的資本配置策略。我們非常高興與全球領先的飛機租賃公司之一BBAm合作進行此次交易。」
Meanwhile, Susquehanna analyst Christopher Stathoulopoulos maintained Southwest Airlines with a Neutral rating and raised the price target from $33 to $38.
與此同時，Susquehanna分析師Christopher Stathoulopoulos維持西南航空的中立評級，並將目標價格從33美元上調至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分析師Thomas Wadewitz維持西南航空的賣出評級，並將目標價格從27美元上調至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).
根據Benzinga Pro的數據，LUV股票在過去一年中已經上漲超過12%。投資者可以通過航空ETF-U.S. Global（紐交所：JETS）獲得這個股票的曝光。
Price Action: LUV shares are trading lower by 3.29% to $32.72 at last check Tuesday.
價格行動：LUV股票在最新的檢查中下跌了3.29%，報32.72美元。
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Photo via Shutterstock.
圖片來自Shutterstock。
