Southwest Airlines Co. (LUV) Reports Increase in July Traffic
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Price: $38.61 +2.47%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.9%
Revenue Growth %: +18.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.9%
Revenue Growth %: +18.7%
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Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 7.0 billion revenue passenger miles (RPMs) in July 2007, an 11.4% increase from the 6.3 billion RPMs flown in July 2006. Available seat miles (ASMs) increased 8.7% to 8.7 billion from the July 2006 level of 8.0 billion. The load factor for the month was 81.4%, compared to 79.5% for the same period last year.
For the seven months ended July 31, 2007, Southwest flew 42.2 billion RPMs, compared to the 39.5 billion RPMs recorded for the same period in 2006, an increase of 6.9%. Available seat miles increased 8.3% to 57.3 billion from the 2006 level of 52.9 billion. The year-to-date load factor was 73.6%, compared to 74.5% for the same period last year.
For the seven months ended July 31, 2007, Southwest flew 42.2 billion RPMs, compared to the 39.5 billion RPMs recorded for the same period in 2006, an increase of 6.9%. Available seat miles increased 8.3% to 57.3 billion from the 2006 level of 52.9 billion. The year-to-date load factor was 73.6%, compared to 74.5% for the same period last year.
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