![]() ![]() Southwest's new Maintenance Operations Center opens at Love Field. Herb Kelleher is appointed Interim President, CEO, and Chairman of the Board. With the delivery of two new Boeing 737-200 jets, the following service begins: AUS-HOU, AUS-HRL, nonstop HOU-LBB, nonstop HRL-AUS, AUS-CRP tripled, increased Pleasure Class flights out of MAF, and generally increased the number of flights between several Southwest cities. Lamar Muse, President of Southwest, estimates that early 1979 would be the soonest operation could begin. If Midway (Southwest) should be granted authority to serve the proposed routes, nine Boeing 737's would be needed. Paul, Pittsburgh, MCI, and CLE would be $25 Pleasure Class, $40 Executive Class. Midway (Southwest) is the subsidiary company of Southwest that filed application before the CAB on Decemfor a Certificate of Public Convenience and Necessity to service the high-density air markets out of Chicago's Midway and the cities of Minneapolis/St. Paul, CLE, and Pittsburgh from Midway Airport at fares as much as 53% lower than rates currently charged. application to serve the STL, MCI, Detroit, Minneapolis/St. ![]() The Civil Aeronautics Board begins hearings in Washington, D.C., January 31, on Midway (Southwest) Airway Co. Reflecting the recently Announces 3-for-2 stock split, earnings per share for the 4th quarter for 1977 were $. 07 per shareholders of record at the close of business on February 10, 1978.įor calendar year 1977 the unaudited net income of $7,545,000 was 53% higher than the $4,939,000 net income earned during calendar year 1976.įor calendar year 1977, per share earning on the present number of shares outstanding was $.378, up 20% over the $3.15 reported for 1976. The Southwest Board also declared a quarterly cash dividend of $. The stock split will result in an additional 1,000,000 shares of the Company's common stock issued. ![]() Southwest Board of Directors declares 3-for-2 stock split of the Company's common stock to be distributed on March 24, 1978.
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