Southwest Airlines Reports $280,000 in Lobbying Efforts for Q4 2024
Southwest Airlines disclosed $280,000 in lobbying expenditures for the fourth quarter of 2024, according to a new Lobbying Disclosure Act filing. This expenditure focuses on a spectrum of legislative issues critical to its operations.
Key Legislative Focus Areas
The lobbying efforts included engagement on several important pieces of legislation such as:
- American Relief Act (H.R. 10545)
- Transportation, Housing and Urban Development Appropriations Act for FY25 (H.R. 9028/S. 4796)
- Homeland Security Appropriations Act for FY25 (H.R. 8752)
- Financial Services and General Government Appropriations Act for FY25 (H.R. 8773/S. 4928)
Specific issues lobbied include:
- Air traffic control operations, modernization, and staffing
- Aircraft operations, maintenance, and safety
- Airport access and infrastructure
- Commercial aviation taxes and fees
- Airport and Airways Trust Fund
- Airline customer service and consumer protection, including family seating
- Passenger assistance for those with disabilities
- Aviation workforce staffing
- Airline fare and fee distribution and display
- Aircraft environment and noise concerns
- Sustainable aviation fuels
- Aviation security measures, including crew, passenger, baggage, and cargo screening
- Cybersecurity issues
- Unmanned aircraft regulations
- War risk insurance
Congressional Stock Trading Activity for $LUV
In recent months, members of Congress reported trading $LUV stock twice, comprising one purchase and one sale. To view detailed trading information of $LUV by congressional members over the past six months, visit Quiver Quantitative.
Insider Trading Activity for LUV
Over the last half-year, insiders at Southwest Airlines engaged in 165 stock transactions, with 163 purchases and only 2 sales.
Here’s a breakdown of notable insider trades:
- Rakesh Gangwal executed 163 purchases, acquiring 2,894,096 shares for an estimated $85,770,040 with no sales.
- Elliott Management L.P. sold 1,203,920 shares for an estimated $35,912,933.
- Linda B. Rutherford, the Chief Administration Officer, sold 3,849 shares for an estimated $132,386.
Hedge Fund Movements Involving LUV
Recent quarterly reports reveal that 329 institutional investors increased their positions in LUV stock, while 434 decreased theirs.
Here’s a summary of significant recent moves:
- Provident Trust Co exited their position, removing 4,878,640 shares (-100.0%) in Q4 2024, valued at an estimated $164,019,876.
- UBS Group AG increased their holdings by 4,239,556 shares (+189.4%) in Q4 2024, valued at around $142,533,872.
- JPMorgan Chase & Co added 3,921,671 shares (+148.9%) for an estimated $131,846,579.
- Franklin Resources Inc reduced their holdings by 3,323,667 shares (-9.2%) in Q4 2024, valued at approximately $111,741,684.
- Mizuho Securities USA LLC cut 2,949,159 shares (-98.1%) for an estimated $99,150,725.
- National Bank of Canada increased their holdings by 2,641,564 shares (+1327.7%) in Q4 2024, valued at around $88,809,381.
- Sound Shore Management Inc added 2,536,050 shares (+inf%) for an estimated $85,262,001.
To monitor hedge fund portfolio activities, refer to Quiver Quantitative’s institutional holdings dashboard.
This article is not financial advice. For more information, please refer to Quiver Quantitative’s disclaimers.
This article was originally published on Quiver News; you can read the full story through their platform.
The views expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
