Southwest Airlines (LUV) Reports Mixed July 2009 Traffic Results
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Price: $37.72 -2.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.9%
EPS Growth %: +454.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.9%
EPS Growth %: +454.5%
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Southwest Airlines Co. (NYSE: LUV) announced that the Company flew 7.2 billion revenue passenger miles (RPMs) in July 2009, a 5.2% increase from the 6.9 billion RPMs flown in July 2008. Available seat miles (ASMs) decreased 3.6% to 8.7 billion from the July 2008 level of 9.0 billion.
The load factor for the month was 83.2%, compared to 76.3% for the same period last year.
For July 2009, passenger revenue per ASM is estimated to have decreased in the 5-6% range as compared to July 2008.
[SM]
The load factor for the month was 83.2%, compared to 76.3% for the same period last year.
For July 2009, passenger revenue per ASM is estimated to have decreased in the 5-6% range as compared to July 2008.
[SM]
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