Dallas-based Southwest Airlines will give $428 million back to shareholders as it brings back its dividend after more than two years.
The airline said it will start an 18 cents-a-share quarterly dividend for shareholders starting Jan. 31, a sign the company is gaining confidence in a travel rebound.
“Today’s announcement reflects the strong return in demand for air travel and the company’s solid operating and financial results since March 2022,” CEO Bob Jordan said in a statement. “As we bring the year to a close, our fourth quarter 2022 outlook remains strong, and we have a solid plan for 2023.”
