Southwest reports November traffic The Company flew 8.1B revenue passenger miles in November, compared to 8.3B RPMs flown in November 2011, a decrease of 1.5%. Available seat miles increased 0.4% to 10.2B in November from 10.1B ASMs in November 2011. November load factor was 80%, compared to 81.6% in November 2011. For November 2012, passenger revenue per ASM is estimated to have increased approximately 1% compared to November 2011.
Southwest price target raised to $48 from $35 at Imperial Capital Imperial Capital raised its price target for Southwest shares to $48 saying the company should benefit from "strong" domestic industry trends and lower fuel prices. The firm keeps an Outperform rating on the stock.