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Southwest Airlines

Southwest Airlines Co. (NYSE: LUV), is an American low-cost airline based in Dallas, Texas. The airline was established in 1967, adopting its current name in 1971, and as of June 5, 2011 (2011 -06-05) is the largest airline in the United States based upon domestic passengers carried. Although it operated Boeing 727 aircraft for a short time during the 1970s and 1980s, the airline has more recently been known for being a solely-Boeing 737 operator, and as of September 30, 2011 (2011 -09-30) was the largest operator of the 737 worldwide with over 550 of these aircraft in service, each... MORE

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Southwest Airlines (NYSE:LUV) known for its cheap domestic flights, is now going international. The airline plans to start making international flights for the first time with its move to start offering former AirTran's routes to Mexico and the Caribbean. The company is looking to add as many as 25 flights a day.This would require the opening of a new terminal at Houston's William P. Hobby Airport which will cost between $100- $125 million. Starting international flights for the first time was most likely a reason why Southwest decided to buy AirTran last year for $1 billion. The opening of the new terminal will bring roughly 1.5 million more passengers annually to the Houston airport as well as create 10,000 jobs and bring in about $1.6 billion a year.Southwest stock climbing on the news. Shares are currently 2.5% higher at $8.57.

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