The Nasdaq Stock Market is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city; the exchange platform is owned by Nasdaq, Inc. which owns the Nasdaq Nordic and Nasdaq Baltic stock market network and several U. S. stock and options exchanges. "Nasdaq" was an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers, which divested itself of Nasdaq in a series of sales in 2000 and 2001; the Nasdaq Stock Market is owned and operated by Nasdaq, Inc. the stock of, listed on its own securities exchange on July 2, 2002, under the ticker symbol NDAQ. The Nasdaq Stock Market began trading on February 8, 1971, it was the world's first electronic stock market. At first, it was a "quotation system" and did not provide a way to perform electronic trades; the Nasdaq Stock Market helped lower the spread but was unpopular among brokerages which made much of their money on the spread.
The NASDAQ Stock Market assumed the majority of major trades, executed by the over-the-counter system of trading, but there are still many securities traded in this fashion. As late as 1987, the Nasdaq exchange was still referred to as "OTC" in media reports and in the monthly Stock Guides issued by Standard & Poor's Corporation. Over the years, the Nasdaq Stock Market became more of a stock market by adding trade and volume reporting and automated trading systems, it was the first stock market in the United States to trade online, highlighting Nasdaq-traded companies and closing with the declaration that the Nasdaq Stock Market is "the stock market for the next hundred years". The Nasdaq Stock Market attracted new growth companies, including Microsoft, Cisco and Dell, it helped modernize the IPO, its main index is the NASDAQ Composite, published since its inception. However, its exchange-traded fund tracks the large-cap NASDAQ-100 index, introduced in 1985 alongside the NASDAQ Financial-100 Index, which tracks the largest 100 companies in terms of market capitalization.
In 1992, the Nasdaq Stock Market joined with the London Stock Exchange to form the first intercontinental linkage of securities markets. The National Association of Securities Dealers spun off the Nasdaq Stock Market in 2000 to form a publicly traded company. On March 10, 2000, the NASDAQ Composite peaked at 5,132.52, but fell to 3,227 by April 17, in the following 30 months fell 78% from its peak. In 2006, the status of the Nasdaq Stock Market was changed from a stock market to a licensed national securities exchange. In 2010, Nasdaq merged with OMX, a leading exchange operator in the Nordic countries, expanded its global footprint, changed its name to the NASDAQ OMX Group. To qualify for listing on the exchange, a company must be registered with the United States Securities and Exchange Commission, must have at least three market makers and must meet minimum requirements for assets, public shares, shareholders. In February 2000, in the wake of an announced merger of NYSE Euronext with Deutsche Börse, speculation developed that NASDAQ OMX and Intercontinental Exchange could mount a counter-bid of their own for NYSE.
NASDAQ OMX could be looking to acquire the American exchange's cash equities business, ICE the derivatives business. At the time, "NYSE Euronext's market value was $9.75 billion. Nasdaq was valued at $5.78 billion, while ICE was valued at $9.45 billion." Late in the month, Nasdaq was reported to be considering asking either ICE or the Chicago Mercantile Exchange to join in what would have to be, if it proceeded, an $11–12 billion counterbid. In 2005, NASDAQ acquirred Instinet for $1.9 billion retaining the INET ECN and subsequently sellin the agency brokerage business to Silver Lake Partners and Instinet management. The European Association of Securities Dealers Automatic Quotation System was founded as a European equivalent to the Nasdaq Stock Market, it became NASDAQ Europe. Operations were shut however, as a result of the burst of the dot-com bubble. In 2007, NASDAQ Europe was revived as Equiduct, is operating under Börse Berlin. On June 18, 2012, Nasdaq OMX became a founding member of the United Nations Sustainable Stock Exchanges Initiative on the eve of the United Nations Conference on Sustainable Development.
In November 2016, Nasdaq chief operating officer Adena Friedman was promoted to the role of CEO, becoming the first woman to run a major exchange in the U. S. In 2016, Nasdaq earned $272 million in listings-related revenues. In October 2018, the SEC ruled that the NYSE and Nasdaq did not justify the continued price increases when selling market data. Nasdaq quotes are available at three levels: Level 1 shows the highest bid and lowest ask—inside quote. Level 2 shows all public quotes of market makers together with information of market dealers wishing to buy or sell stock and executed orders. Level 3 allows them to enter their quotes and execute orders; the Nasdaq Stock Market sessions eastern time are: 4:00 am to 9:30 am premarket session 9:30 am to 4:00 pm normal trading session 4:00 pm to 8:00 pm postmarket sessionThe Nasdaq Stock Market averages about 253 trading days per year. The Nasdaq Stock Market has three different market tiers: Capital Market is an equity market for companies that have relatively
JetBlue Airways Corporation, stylized as jetBlue, is an American low-cost airline headquartered in New York City. A major air carrier and the sixth-largest airline in the United States. JetBlue is headquartered in the Long Island City neighborhood of the New York City borough of Queens, with its main base at John F. Kennedy International Airport, it maintains corporate offices in Cottonwood Heights and Orlando, Florida. As of 2018 it ranked No. 402 financially on the Fortune 500 list of the largest United States corporations by total revenue. JetBlue Airways operates over 1,000 flights daily and serves 102 domestic and international network destinations in the U. S. Mexico, the Caribbean, Central America and South America. JetBlue is not a member of any of the three major airline alliances, but it has codeshare agreements with 21 airlines, including member airlines of oneworld, SkyTeam, Star Alliance, unaffiliated airlines. JetBlue was incorporated in Delaware in August 1998. David Neeleman founded the company in February 1999, under the name "NewAir".
JetBlue started by following Southwest's approach of offering low-cost travel, but sought to distinguish itself by its amenities, such as in-flight entertainment, TV at every seat, Sirius XM satellite radio. In September 1999, the airline was awarded 75 initial take off/landing slots at John F. Kennedy International Airport and received it's USDOT CPCN authorization in February 2000, it commenced operations on February 2000, with services to Buffalo and Fort Lauderdale. JetBlue's founders had set out to call the airline "Taxi" and therefore have a yellow livery to associate the airline with New York; the idea was dropped, for several reasons: the negative connotation behind New York City taxis. JetBlue was one of only a few U. S. airlines that made a profit during the sharp downturn in airline travel following the September 11, 2001 attacks. The airline sector responded to JetBlue's market presence by starting mini-rival carriers: Delta Air Lines started Song and United Airlines launched another rival called Ted.
Song was reabsorbed by Delta Air Lines and Ted reabsorbed by United. In October 2005, JetBlue's quarterly profit had plunged from US$8.1 million to $2.7 million due to rising fuel costs. Operational issues, fuel prices, low fares, JetBlue's hallmark, were bringing its financial performance down. In addition, with higher costs related to the airline's numerous amenities, JetBlue was becoming less competitive. For many years, analysts had predicted. Despite this, the airline continued to add routes to the fleet at a brisk pace. In addition in 2006, the IAM attempted to unionize JetBlue's "ramp service workers", in a move, described by JetBlue's COO Dave Barger as "pretty hypocritical", as the IAM opposed JetBlue's creation when it was founded as New Air in 1998; the union organizing petition was dismissed by the National Mediation Board because fewer than 35 percent of eligible employees supported an election. JetBlue experienced its first quarterly loss during the fourth quarter of 2005, when the airline lost $42.4 million, enough to make them unprofitable for the entire year of 2005.
The loss was the airline's first since going public in 2002. JetBlue reported a loss in the first quarter of 2006. In addition to that, JetBlue forecasted a loss for 2006, citing high fuel prices, operating inefficiency, fleet costs. During the first quarter report, CEO David Neeleman, President Dave Barger, then-CFO John Owen released JetBlue's "Return to Profitability" plan, stating in detail how they would curtail costs and improve revenue to regain profitability; the plan called for $50 million in a push to boost revenue by $30 million. JetBlue Airways moved out of the red during the second quarter of 2006, beating Wall Street expectations by announcing a net profit of $14 million; that result was flat when compared to JetBlue's results from the same quarter a year before, but it was double Wall Street forecasts of a $7 million profit, Reuters reports. The carrier said stronger revenue helped it offset higher jet fuel costs. In October 2006, JetBlue announced a net loss of $500,000 for Quarter 3, a plan to regain that loss by deferring some of their E190 deliveries and by selling 5 of their A320s.
In December 2006, JetBlue, as part of their RTP plan, removed a row of seats from their A320s to lighten the aircraft by 904 lb and reduce the cabin crew size from four to three, thus offsetting the lost revenue from the removal of seats, further lightening the aircraft, resulting in less fuel burned. In January 2007, JetBlue returned to profitability with a fourth quarter profit in 2006, reversing a quarterly loss in the year-earlier period; as part of the RTP plan, 2006's full year loss was $1 million compared to 2005's full year loss of $20 million. JetBlue was one of the few major airlines to post a profit in that quarter. While its financial performance started showing signs of improvement, in February 2007, JetBlue faced a crisis, when a snowstorm hit the Northeast and Midwest, throwing the airline's operations into chaos; because JetBlue followed the practice of never canceling flights, it desisted from calling flights off when the ice storm hit and the airline was forced to keep several planes on the ground.
Because of this, passengers were kept waiting at the airports f
Hennepin County, Minnesota
Hennepin County is a county in the U. S. state of Minnesota. As of the 2010 census the population was 1,152,425, it is the 35th-most populous county in the United States. Its county seat is the state's most populous city; the county is named in honor of the 17th-century explorer Father Louis Hennepin. Hennepin County is included in the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area; the center of population of Minnesota is in the city of Minneapolis. Hennepin County was created in 1852 by the Minnesota Territorial Legislature. Father Louis Hennepin's name was chosen because he named St. Anthony Falls and recorded some of the earliest accounts of the area for the Western world. Hennepin County's early history is linked to the establishment of the cities of Minneapolis and St. Anthony; the history of Hennepin County is cataloged at the Hennepin History Museum, located in Minneapolis. According to the U. S. Census Bureau, the county has a total area of 607 square miles, of which 554 square miles is land and 53 square miles is water.
Hennepin is one of 17 Minnesota counties with more savanna soils than either prairie or forest soils, is one of only two Minnesota counties with more than 75% of its area in savanna soils. The highest waterfall on the Mississippi River, the Saint Anthony Falls is in Hennepin County next to downtown Minneapolis, but in the 19th century, the falls were converted to a series of dams. Barges and boats now pass through locks to move between the parts of the river above and below the dams. Anoka County Ramsey County Dakota County Scott County Carver County Wright County Sherburne County Minnesota Valley National Wildlife Refuge Mississippi National River and Recreation Area As of the 2010 Census, there were 1,152,425 people, 475,913 households, 272,885 families residing in the county; the racial makeup of the county was 74.4% White, 11.8% Black or African American, 0.9% Native American, 6.2% Asian, 3.4% from other races, 3.2% from two or more races. 6.7% of the population were Hispanic or Latino of any race.
According to the 2010–2015 American Community Survey, the largest ancestry groups were German, Norwegian and Swedish. At the 2000 Census, there were 1,116,200 people, 456,129 households, 267,291 families residing in the county; the population density was 774/km². There were 468,824 housing units at an average density of 325/km²; the racial makeup of the county was 80.53% White, 8.95% Black or African American, 1.00% Native American, 4.80% Asian, 0.05% Pacific Islander, 2.06% from other races, 2.60% from two or more races. 4.07% of the population were Hispanic or Latino of any race. There were 456,129 households out of which 28.80% had children under the age of 18 living with them, 45.30% were married couples living together, 9.90% had a female householder with no husband present, 41.40% were non-families. 31.80% of all households were made up of individuals and 8.40% had someone living alone, 65 years of age or older. The average household size was 2.39 and the average family size was 3.07. In the county 24.00% of the population was under the age of 18, 9.70% was between 18 and 24, 33.70% from 25 to 44, 21.70% from 45 to 64, 11.00% were 65 years of age or older.
The median age was 35 years. For every 100 females there were 97.00 males. For every 100 females age 18 and over, there were 94.70 males. The median income for a household in the county was $51,711, the median income for a family was $65,985 Accounting for inflation, these figures rise again to $76,202.87 for individuals, $92,353.46 for households, adjusted for 2014 dollars. Males had a median income of $42,466 versus $32,400 for females; the per capita income for the county was $28,789. About 5.00% of families and 8.30% of the population were below the poverty line, including 10.50% of those under age 18 and 5.90% of those age 65 or over. Hennepin County is the wealthiest county in Minnesota and one of the 100 highest-income counties in the United States. Besides English, languages with significant numbers of speakers in Hennepin County include Arabic, Khmer, Russian, Somali and Vietnamese. Like all counties in Minnesota, Hennepin is governed by an elected and nonpartisan board of commissioners.
In Minnesota, county commissions have five members, but Hennepin, Dakota, Anoka and St Louis counties have seven members. Each commissioner represents a district of equal population. In Hennepin the county commission appoints the medical examiner, county auditor-treasurer and county recorder; the sheriff and county attorney are elected on a nonpartisan ticket. The county government's headquarters are in downtown Minneapolis in the Hennepin County Government Center; the county oversees the Hennepin County Library system, Hennepin County Medical Center. The county commission elects a chair. Commissioners as of January 7, 2019 Hennepin County's normal operations are coordinated by the County Administrator David Hough, Deputy County Administrator for Health and Human Services Jennifer DeCubellis, Assistant County Administrator for Operations Chester Cooper, Acting Assistant County Administrator for Public Works Chris Sagsveen, Assistant County Administrator for Public Safety Mark Thompson. Under Administrator H
An airline is a company that provides air transport services for traveling passengers and freight. Airlines utilize aircraft to supply these services and may form partnerships or alliances with other airlines for codeshare agreements. Airline companies are recognized with an air operating certificate or license issued by a governmental aviation body. Airlines vary in size, from small domestic airlines to full-service international airlines with double decker airplanes. Airline services can be categorized as being intercontinental, regional, or international, may be operated as scheduled services or charters; the largest airline is American Airlines Group. DELAG, Deutsche Luftschiffahrts-Aktiengesellschaft I was the world's first airline, it was founded on November 16, 1909, with government assistance, operated airships manufactured by The Zeppelin Corporation. Its headquarters were in Frankfurt; the first fixed wing scheduled airline was started on January 1, 1914, from St. Petersburg, Florida, to Tampa, Florida.
The four oldest non-dirigible airlines that still exist are Netherlands' KLM, Colombia's Avianca, Australia's Qantas, the Czech Republic's Czech Airlines. The earliest fixed wing airline in Europe was Aircraft Transport and Travel, formed by George Holt Thomas in 1916. Using a fleet of former military Airco DH.4A biplanes, modified to carry two passengers in the fuselage, it operated relief flights between Folkestone and Ghent. On 15 July 1919, the company flew a proving flight across the English Channel, despite a lack of support from the British government. Flown by Lt. H Shaw in an Airco DH.9 between RAF Hendon and Paris – Le Bourget Airport, the flight took 2 hours and 30 minutes at £21 per passenger. On 25 August 1919, the company used DH.16s to pioneer a regular service from Hounslow Heath Aerodrome to Le Bourget, the first regular international service in the world. The airline soon gained a reputation for reliability, despite problems with bad weather, began to attract European competition.
In November 1919, it won the first British civil airmail contract. Six Royal Air Force Airco DH.9A aircraft were lent to the company, to operate the airmail service between Hawkinge and Cologne. In 1920, they were returned to the Royal Air Force. Other British competitors were quick to follow – Handley Page Transport was established in 1919 and used the company's converted wartime Type O/400 bombers with a capacity for 12 passengers, to run a London-Paris passenger service; the first French airline was Société des lignes Latécoère known as Aéropostale, which started its first service in late 1918 to Spain. The Société Générale des Transports Aériens was created in late 1919, by the Farman brothers and the Farman F.60 Goliath plane flew scheduled services from Toussus-le-Noble to Kenley, near Croydon, England. Another early French airline was the Compagnie des Messageries Aériennes, established in 1919 by Louis-Charles Breguet, offering a mail and freight service between Le Bourget Airport and Lesquin Airport, Lille.
The first German airline to use heavier than air aircraft was Deutsche Luft-Reederei established in 1917 which started operating in February 1919. In its first year, the D. L. R. Operated scheduled flights on routes with a combined length of nearly 1000 miles. By 1921 the D. L. R. Network was more than 3000 km long, included destinations in the Netherlands and the Baltic Republics. Another important German airline was Junkers Luftverkehr, which began operations in 1921, it was a division of the aircraft manufacturer Junkers, which became a separate company in 1924. It operated joint-venture airlines in Austria, Estonia, Hungary, Norway, Poland and Switzerland; the Dutch airline KLM made its first flight in 1920, is the oldest continuously operating airline in the world. Established by aviator Albert Plesman, it was awarded a "Royal" predicate from Queen Wilhelmina, its first flight was from Croydon Airport, London to Amsterdam, using a leased Aircraft Transport and Travel DH-16, carrying two British journalists and a number of newspapers.
In 1921, KLM started scheduled services. In Finland, the charter establishing Aero O/Y was signed in the city of Helsinki on September 12, 1923. Junkers F.13 D-335 became the first aircraft of the company, when Aero took delivery of it on March 14, 1924. The first flight was between Helsinki and Tallinn, capital of Estonia, it took place on March 20, 1924, one week later. In the Soviet Union, the Chief Administration of the Civil Air Fleet was established in 1921. One of its first acts was to help found Deutsch-Russische Luftverkehrs A. G. a German-Russian joint venture to provide air transport from Russia to the West. Domestic air service began around the same time, when Dobrolyot started operations on 15 July 1923 between Moscow and Nizhni Novgorod. Since 1932 all operations had been carried under the name Aeroflot. Early European airlines tended to favor comfort – the passenger cabins were spacious with luxurious interiors – over speed and efficiency; the basic navigational capabilities of pilots at the time meant that delays due to the weather were commonplace.
By the early 1920s, small airlines were struggling to compete, there was a movement towards increased rationalization and consolidation. In 1924, Imperial Airways was formed from the merger of Instone Air Line Company, British Marine Air Navigation, Daimler Airway and Handley Page Transport Co Ltd. to allow British airlines to compete with stiff competition from French and German airlines that were enjoying heavy government subsidies. The ai
The Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating in the United States, offering life and supplemental health insurance and retirement services. The company’s main offices are in Minnesota, Denver, St. Petersburg and Cedar Rapids, with affiliated offices located throughout the United States. In 1999, it became a subsidiary of Aegon, a European financial services company headquartered in The Hague, Netherlands. Transamerica funds the Transamerica Institute, a nonprofit foundation which comprises the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies. In October 1904, A. P. Giannini founded the Bank of Italy in San Francisco, which became known as Bank of America. In 1928, Giannini put the banks into a holding company. In 1930, the company acquired Occidental Life Insurance Company, founded in 1906, renamed it Transamerica Occidental Life Insurance Company; the company became a more diversified conglomerate which included the film studio United Artists, Transamerica Airlines, Budget Rent a Car.
In 1972, the company completed construction of the Transamerica Pyramid skyscraper in San Francisco which served as its headquarters for many years. Although the company retains only a small presence in the building, the building is still depicted in the company's logo and marketing materials. In the 1980s, Transamerica began to divest and focused on financial services, it was pared down to three main product divisions: insurance and retirement. In July 1999, Transamerica CEO Frank C. Herringer announced that the Netherlands-based insurer, would acquire the company. Transamerica Occidental merged into Transamerica Life Insurance Company October 1, 2008; when Heaven's Gate was released on November 19, 1980, it was a box office failure, losing more than $44 million. Transamerica offers insurance and financial services. Types of life and health insurance policies offered include term life, whole life, universal life, variable universal life, accidental death, Medicare supplement, long term care. Transamerica companies offer a variety of mutual funds and annuities.
Transamerica has over 15,000 licensed insurance agents just in the state of California. Transamerica’s retirement division offers defined benefit pension plans and defined contribution retirement plans, including 401 and 403, 457, profit sharing, money purchase, cash balance, Taft-Hartley, multiple employer plans, nonqualified deferred compensation, rollover individual retirement accounts. Other services include plan-level record keeping and administrative services, participant communications and education services, fiduciary risk mitigation services, open investment architecture, compliance guidance and regulatory support. Transamerica works with like-minded academics and athletes to promote the important link between Wealth and Health, as well as its presence in local communities. Transamerica is a long-time sponsor of Cedar Rapids and 12-time PGA Tour winner Zach Johnson, who captured the 2015 Open Championship, 2007 Masters Tournament, represented the U. S. on five Ryder Cup teams. Transamerica sponsors Kyle Stanley, 2009 Open Championship winner Stewart Cink, Azahara Munoz, in addition to the American Junior Golf Association and its annual Transamerica Scholastic Junior All-America teams.
With a large employee presence in Denver, Transamerica in 2015 became the shirt sponsor of the Colorado Rapids, winners of the 2010 MLS Cup. Transamerica has an additional sponsorship agreement with Rapids and United States national team goalkeeper Tim Howard. Transamerica collaborates with the Massachusetts Institute of Technology AgeLab, as well as the American Heart Association. Transamerica funds two foundations: the Aegon Transamerica Foundation and the Transamerica Institute, it created the Aegon Transamerica Foundation in 1994 to provide financial grants to community non-profit organizations. Transamerica employees volunteer services to these organizations; the foundation received the Corporate Citizenship Award in 2013 for creating the first urban farm in Iowa. The Transamerica Institute consists of two divisions: the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies; the Transamerica Center for Retirement Studies researches and provides education on trends and opportunities related to saving and planning for retirement.
The Transamerica Center for Health Studies focuses on identifying and analyzing health care issues facing consumers and employers. The Transamerica Institute is funded by contributions from Transamerica Life Insurance Company. Transamerica Pyramid Company website Transamerica Institute Transamerica Center for Retirement Services Transamerica Center for Health Studies Aegon website Transamerica agent directory
Alaska Air Group
Alaska Air Group is an airline holding company based in SeaTac, Washington. It owns two certificated airlines operating in the United States: Horizon Air; the Alaska Air Group oversees an aircraft ground handling company, McGee Air Services, wholly owned by Alaska Airlines. It acquired Horizon Air and Jet America Airlines the next year. Jet America Airlines was merged into Alaska Airlines in 1987. Between 2007 and 2010, the number of employees under Alaska Air Group's subsidiaries dropped from 13,618 to 12,039. By 2011, the number of employees had risen to 12,806. In 2011, Alaska Air Group replaced the AMR Corporation in the Dow Jones Transportation Average following AMR's filing for bankruptcy. On March 29, 2016 Alaska Airlines announced that it would form a wholly owned subsidiary called McGee Air Services, a dedicated airline services company. McGee competes with other, similar companies to provide ground handling, aircraft cleaning and wheelchair services to Alaska Airlines. On April 4, 2016, Alaska Air Group announced plans to acquire Virgin America, pending approval from US government regulators and Virgin America shareholders, before the acquisition was completed on December 14, 2016.
The total price for the acquisition was $2.6 billion. Until 2018, Alaska Air Group continued to operate Alaska Airlines and Virgin America as separate airlines and continued to honor both Alaska's Mileage Plan and Virgin America's Elevate loyalty programs. By the end of 2016, following Virgin America's acquisition the number of Alaska Air Group employees rose to 19,112. On March 22, 2017 the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand; the merger was completed on April 25, 2018 and the Virgin America brand is expected to be retired by the end of 2019. As of 2017, Alaska Air Group shares are held by institutional investors T. Rowe Price, The Vanguard Group, others. Alaska Air Group operates a mix of Airbus, Boeing and Embraer aircraft through its subsidiaries Alaska Airlines and Horizon Air; as of October 2017, Alaska Airlines' fleet consisted of 248 jet aircraft, Horizon Air's fleet consisted of 41 turboprop and 16 jet aircraft, with the combined fleet under Alaska Air Group's management numbering 298 aircraft.
Alaska Air Group has created a new branding identity for its Horizon Air subsidiary and other independently owned and separately directed affiliate regional airlines it chooses to contract to do regional flying business into markets too limited to be flown only on Alaska Airlines mainline equipment. Among the other airlines now sub-contracted to do additional flying for the Alaska Air Group is SkyWest, Inc.'s SkyWest Airlines, whose Bombardier CRJ700 and Embraer E175 aircraft dedicated to providing service for the Alaska Air Group are painted in a similar manner to Alaska Horizon's. SkyWest's fleet however, is branded Alaska SkyWest to differentiate that airline's aircraft from those of Horizon Air. Through Alaska Airlines and Horizon Air, Alaska Air Group services the passenger and cargo markets of the Pacific Northwest with its extensive route network hub through Seattle/Tacoma and Portland International Airports, the state of Alaska through Ted Stevens Anchorage International Airport. After the demise of Aloha Airlines and ATA Airlines in 2008, Alaska Air Group expanded centering on Hawaii and other non-airline hub secondary mainland cities and airports, including San Diego International Airport and San Jose International Airport.
After the acquisition of Virgin America in 2016, Alaska Air Group further expanded into California through Virgin America's hubs at San Francisco and Los Angeles International Airports, focus city at Dallas Love Field in Texas
Southwest Airlines Co. is a major United States airline headquartered in Dallas, is the world's largest low-cost carrier. The airline was established in 1967 by Herb Kelleher as Air Southwest Co. and adopted its current name, Southwest Airlines Co. in 1971, when it began operating as an intrastate airline wholly within the state of Texas, first flying between Dallas and San Antonio. The airline has about 58,000 employees as of September 2018 and operates about 4,000 departures a day during peak travel season; as of April 2019, Southwest carries the most domestic passengers of any United States airline. The airline has scheduled services to 100 destinations in the United States and ten additional countries. Service to Hawaii has started in March 2019. Southwest Airlines was founded in 1966 by Herbert Kelleher and Rollin King, in 1967 it was incorporated as Air Southwest Co. Three other airlines took legal action to try to prevent the company from its planned strategy of undercutting their prices by flying only within Texas and thus being exempt from various regulations.
The lawsuits were resolved in 1970, in 1971 the airline began operating scheduled flights between Dallas Love Field and Houston and between Love Field and San Antonio, adopted the name Southwest Airlines Co. In 1975, Southwest began operating flights to various additional cities within Texas, in 1979 it began flying to neighboring states. Service to the East and the Southeast started in the 1990s; as of April 2019, Southwest Airlines has scheduled flights to 102 destinations in 41 states, Puerto Rico, Central America and the Caribbean. It operates crew bases at the following airports: Atlanta, Chicago–Midway, Dallas–Love, Houston–Hobby, Las Vegas, Los Angeles, Oakland and Phoenix–Sky Harbor. Southwest does not use the "hub and spoke" system of other major airlines, preferring the "point-to-point" system, combined with a "rolling hub" model in its larger cities. In 2018, Gary Kelly – the airline's chief executive – suggested that the airline may be considering potential route expansions to Canada and Europe.
Southwest does not partner with any other airline. Icelandair: In 1997, Southwest and Icelandair entered into interline and marketing agreements allowing for joint fares, coordinated schedules, transfer of passenger luggage between the two airlines in Baltimore and a place connecting passengers between several U. S. cities and several European cities. The frequent flyer programs were not included in the agreement; this arrangement lasted for several years but ended when Icelandair's service from BWI to KEF ended in January 2007. ATA Airlines: In a departure from its traditional "go it alone" strategy, Southwest entered into its first domestic codesharing arrangement with ATA, which enabled Southwest Airlines to serve ATA markets in Hawaii, Washington, D. C. and New York City. At the time of ATA's demise in April 2008, the airline offered over 70 flights a week to Hawaii from Southwest's focus cities in PHX, LAS, LAX and OAK with connections available to many other cities across the United States.
The ATA/Southwest codeshare was terminated when ATA filed for Chapter 11 bankruptcy on April 3, 2008. Southwest acquired the operating certificate and some of the landing rights of ATA in the ensuing proceedings. WestJet: On July 8, 2008, Southwest Airlines signed a codeshare agreement with WestJet of Canada, giving the two airlines the ability to sell seats on each other's flights; the partnership was to be finalized by late 2009, but had been postponed due to economic conditions. On April 16, 2010, Southwest and WestJet airlines amicably agreed to terminate the implementation of a codeshare agreement between the two airlines. Volaris: Southwest signed its second international codeshare agreement on November 10, 2008, with Mexican low-cost carrier Volaris; the agreement allowed Southwest to sell tickets on Volaris flights. However, on February 22, 2013, the connecting agreement was terminated, it was said to be mutual between the airlines. Most industry experts believe that the expansion of the subsidiary of Southwest, AirTran Airways, into more Mexican markets, was a main reason for the termination of the agreement.
AirTran Airways: After acquiring AirTran Airways in 2011, Southwest Airlines and AirTran Airways took the first step in connecting their networks on January 26, 2013, by offering a small number of shared itineraries in five markets. The agreement ended after AirTran became integrated into Southwest on December 28, 2014. Southwest Airlines has only operated Boeing 737 jetliner models, except for a period from 1979 to 1987 when it leased and operated several Boeing 727-200s from Braniff International Airways. Southwest is the largest operator of the Boeing 737 worldwide, with 750 in service, each averaging six flights per day. While most U. S. airlines now charge passengers for checked luggage, Southwest continues to permit 2 free checked bags per passenger. Regarding last-minute itinerary changes, Southwest does not charge any change fees. In the event of a cancellation, passengers are refunded a travel credit in the amount spent on their ticket, the credit may be used toward any other Southwest Airlines or Southwest Vacations purchase within a year of the original ticket purchase.
Southwest offers free in-flight non-alcoholic beverages and offers alcoholic beverages for sale for $6–7/beverage, with Rapid Rewards members eligible to receive drinks vouchers with their tickets. Free alcoholic drinks are offered on popular holidays su