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SOUTHWEST AIRLINES WELCOMES TIM LYON AS VICE PRESIDENT PRICING

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Southwest Airlines Co. (NYSE: LUV) has appointed Tim Lyon as Vice President Pricing, a new role focused on enhancing the carrier's yield and pricing discipline. Lyon, with over 20 years of airline industry experience, will oversee the Pricing Department and work closely with Revenue Management and Sales units. The appointment aims to maximize Southwest's low-fare leadership while emphasizing its unique value, flexibility, and hospitality.

Andrew Watterson, Southwest Airlines Chief Operating Officer, highlighted Lyon's industry-wide reputation and expertise. The move is part of Southwest's strategy to strengthen its Revenue organization and improve overall revenue performance. Lyon previously held the position of Managing Director of Domestic Pricing at both American Airlines and US Airways.

Southwest Airlines Co. (NYSE: LUV) ha nominato Tim Lyon come Vice Presidente Pricing, un nuovo ruolo incentrato sul miglioramento dell'efficienza dei ricavi e della disciplina dei prezzi della compagnia aerea. Lyon, con oltre 20 anni di esperienza nel settore aereo, supervisionerà il Dipartimento Pricing e collaborerà a stretto contatto con le unità di Revenue Management e Sales. La nomina mira a massimizzare la leadership di Southwest nel settore dei voli a basso costo, sottolineando al contempo il suo valore unico, flessibilità e ospitalità.

Andrew Watterson, Direttore Operativo di Southwest Airlines, ha evidenziato la reputazione e l'expertise di Lyon nel settore. Questa mossa fa parte della strategia di Southwest per rafforzare la sua organizzazione Revenue e migliorare le prestazioni complessive dei ricavi. Lyon ha precedentemente ricoperto il ruolo di Direttore Generale del Pricing Nazionale presso American Airlines e US Airways.

Southwest Airlines Co. (NYSE: LUV) ha nombrado a Tim Lyon como Vicepresidente de Precios, un nuevo rol enfocado en mejorar la rentabilidad y la disciplina de precios de la aerolínea. Lyon, con más de 20 años de experiencia en la industria aérea, supervisará el Departamento de Precios y trabajará en estrecha colaboración con las unidades de Gestión de Ingresos y Ventas. La designación tiene como objetivo maximizar el liderazgo de Southwest en tarifas bajas mientras se enfatiza su valor único, flexibilidad y hospitalidad.

Andrew Watterson, Director de Operaciones de Southwest Airlines, destacó la reputación y experiencia de Lyon en la industria. Este movimiento es parte de la estrategia de Southwest para fortalecer su organización de Ingresos y mejorar el rendimiento general de ingresos. Lyon ocupó anteriormente el cargo de Director General de Precios Nacionales en American Airlines y US Airways.

사우스웨스트 항공(주) (NYSE: LUV)은 팀 리온을 가격부 vicepresidente로 임명했습니다. 이는 항공사의 수익과 가격 규율을 높이기 위한 새로운 역할입니다. 20년 이상의 항공 산업 경험을 가진 리온은 가격 부서를 감독하고 수익 관리 및 판매 부서와 긴밀히 협력하게 됩니다. 이번 임명은 사우스웨스트의 저가 항공 리더십을 극대화하기 위한 것으로, 독특한 가치, 유연성 및 환대의 중요성을 강조합니다.

앤드류 워터슨, 사우스웨스트 항공의 COO는 리온의 산업 내 평판과 전문성을 강조했습니다. 이번 조치는 사우스웨스트의 수익 조직을 강화하고 전반적인 수익 성과를 개선하기 위한 전략의 일환입니다. 리온은 이전에 미국 항공사와 US 에어웨이즈에서 국내 가격 총괄 이사를 역임했습니다.

Southwest Airlines Co. (NYSE: LUV) a nommé Tim Lyon en tant que Vice-Président Pricing, un nouveau rôle axé sur l'amélioration de la rentabilité et de la discipline tarifaire de la compagnie aérienne. Lyon, fort de plus de 20 ans d'expérience dans l'industrie aérienne, supervisera le département Pricing et travaillera en étroite collaboration avec les unités de gestion des revenus et des ventes. Cette nomination vise à maximiser le leadership de Southwest en matière de tarifs bas tout en mettant en avant sa valeur unique, sa flexibilité et son hospitalité.

Andrew Watterson, Directeur des opérations chez Southwest Airlines, a souligné la réputation et l'expertise de Lyon dans le secteur. Ce mouvement s'inscrit dans la stratégie de Southwest pour renforcer son organisation de revenus et améliorer la performance globale des revenus. Lyon a précédemment occupé le poste de Directeur Général du Pricing national chez American Airlines et US Airways.

Southwest Airlines Co. (NYSE: LUV) hat Tim Lyon zum Vice President Pricing ernannt, eine neue Rolle, die sich auf die Verbesserung der Ertragslage und der Preisd disziplin der Fluggesellschaft konzentriert. Lyon, der über 20 Jahre Erfahrung in der Luftfahrtindustrie verfügt, wird die Preisdienstelle überwachen und eng mit den Abteilungen für Umsatzmanagement und Vertrieb zusammenarbeiten. Die Ernennung zielt darauf ab, Southwests Führungsrolle im Bereich der Niedrigpreise zu maximieren, während gleichzeitig der einzigartige Wert, die Flexibilität und die Gastfreundschaft hervorgehoben werden.

Andrew Watterson, Chief Operating Officer von Southwest Airlines, hob Lyons Branchenruf und Expertise hervor. Der Schritt ist Teil von Southwest's Strategie, die Umsatzorganisation zu stärken und die Gesamtumsatzleistung zu verbessern. Zuvor war Lyon als Geschäftsführer für nationale Preise bei American Airlines und US Airways tätig.

Positive
  • Appointment of experienced industry veteran Tim Lyon as VP Pricing
  • Focus on improving yield and pricing discipline
  • Strategy to strengthen Revenue organization and improve revenue performance
Negative
  • None.

Airline Veteran to Guide Pricing and Yield Management in Carrier's Revenue Organization

DALLAS, Aug. 21, 2024 /PRNewswire/ - Southwest Airlines Co. (NYSE: LUV) has appointed Tim Lyon to a new role as Vice President Pricing, where he is focusing additional attention on the carrier's yield and pricing discipline. Lyon brings more than two decades of airline industry experience and will oversee the carrier's Pricing Department, coordinating closely with business units that guide Revenue Management and Sales.

"Tim's talent is highly regarded across our industry, and Southwest expects to benefit from his expertise as we sharpen our focus on maximizing our low-fare leadership in ways that express our unique value, all-in flexibility, and standalone Hospitality," Andrew Watterson, Southwest Airlines Chief Operating Officer said. "We're bolstering our Revenue organization to elevate our pricing and yield management focus and drive improvement of our revenue performance."

Lyon previously was Managing Director of Domestic Pricing at both American Airlines and US Airways.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Specific forward-looking statements include, without limitation, statements related to (i) the Company's expectations with respect to benefitting from Mr. Lyon's expertise; and (ii) the Company's focus areas, goals, and initiatives, including with respect to maximizing low fare leadership, pricing and yield management; and driving improvement of its revenue performance. These forward-looking statements are based on the Company's current estimates, intentions, beliefs, expectations, goals, strategies, and projections for the future and are not guarantees of future performance. Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) the impact of fears or actual outbreaks of diseases, extreme or severe weather and natural disasters, actions of competitors (including, without limitation, pricing, scheduling, capacity, and network decisions, and consolidation and alliance activities), consumer perception, economic conditions, banking conditions, fears or actual acts of terrorism or war, sociodemographic trends, and other factors beyond the Company's control, on consumer behavior and the Company's results of operations and business decisions, plans, strategies, and results; (ii) the Company's ability to timely and effectively implement, transition, operate, and maintain the necessary information technology systems and infrastructure to support its operations and initiatives, including with respect to revenue management; (iii) the cost and effects of the actions of activist shareholders; (iv) the Company's ability to obtain and maintain adequate infrastructure and equipment to support its operations and initiatives; (v) the Company's dependence on The Boeing Company ("Boeing") and Boeing suppliers with respect to the Company's aircraft deliveries, fleet and capacity plans, operations, maintenance, strategies, and goals; (vi) the Company's dependence on the Federal Aviation Administration with respect to safety approvals for the Company's new cabin layout and the certification of the Boeing MAX 7 aircraft; (vii) the Company's dependence on other third parties, in particular with respect to its technology plans, its plans and expectations related to revenue management, operational reliability, fuel supply, maintenance, Global Distribution Systems, and the impact on the Company's operations and results of operations of any third party delays or non-performance; (viii) the Company's ability to timely and effectively prioritize its initiatives and focus areas and related expenditures; (ix) the impact of governmental regulations and other governmental actions on the Company's business plans, results, and operations; and (x) other factors, as described in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024.

ABOUT SOUTHWEST AIRLINES CO.
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 117 airports across 11 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 74,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among more than 137 million Customers carried in 2023. That formula for success brought industry-leading prosperity and 47 consecutive years3 of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. As the airline with Heart, Southwest has set a goal to work toward achieving net zero carbon emissions by 20504. Southwest has also set near-term targets and a three-pillar strategy to achieve its environmental goals. Learn more by visiting Southwest.com/planet.  

1Based on U.S. Dept. of Transportation quarterly Airline Origin & Destination Survey since Q1 2021  
2Fulltime-equivalent active Employees    
31973-2019 annual profitability
4Our net zero by 2050 goal includes Scope 1, Scope 2, and Scope 3 Category 3 emissions only and excludes any emissions associated with non-fuel products and services, such as inflight service items. 

 

Cision View original content:https://www.prnewswire.com/news-releases/southwest-airlines-welcomes-tim-lyon-as-vice-president-pricing-302227923.html

SOURCE Southwest Airlines Co.

FAQ

Who is the new Vice President Pricing at Southwest Airlines (LUV)?

Tim Lyon has been appointed as the new Vice President Pricing at Southwest Airlines (NYSE: LUV).

What is Tim Lyon's background in the airline industry before joining Southwest Airlines (LUV)?

Tim Lyon has over 20 years of airline industry experience and previously served as Managing Director of Domestic Pricing at both American Airlines and US Airways.

What are the main objectives of Tim Lyon's role at Southwest Airlines (LUV)?

Tim Lyon's role at Southwest Airlines (LUV) focuses on enhancing yield and pricing discipline, overseeing the Pricing Department, and working closely with Revenue Management and Sales units to improve revenue performance.

How does Southwest Airlines (LUV) plan to benefit from Tim Lyon's appointment?

Southwest Airlines (LUV) expects to benefit from Tim Lyon's expertise by maximizing its low-fare leadership, emphasizing unique value, flexibility, and hospitality, and improving overall revenue performance.

Southwest Airlines Co.

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