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Stock Market & Financial Investment News

News Breaks
January 8, 2014
08:33 EDTLUVSouthwest reports December revenue passenger miles up 9.8% to 9B
Available seat miles increased 3.4% to 10.8B from the December 2012 level of 10.5B. The December 2013 load factor was 82.8%, compared to 78% in December 2012. For December 2013, passenger revenue per ASM is estimated to have increased in the 14%-15% range compared to December 2012. For the fourth quarter, the company flew 25.7B RPMs, compared to 24.8B RPMs flown for the same period in 2012, an increase of 3.3%. Fourth quarter ASMs increased 2.2% to 31.9B from fourth quarter 2012 ASMs of 31.2B. The fourth quarter load factor was 80.4%, compared to 79.6% for the same period in 2012.
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August 26, 2014
09:01 EDTLUVSouthwest and WSI announce contract renewal
WSI announces a continuing partnership and five year contract renewal with Southwest Airlines for the industry-leading WSI Fusion platform and related analytic services. Since the partnership began in 2009, Southwest has come to rely on the entire WSI's product suite for critical flight decisions and operations.
August 19, 2014
08:19 EDTLUVFAA issues NOTAM restricting U.S. operations from flying over Syria
The Federal Aviation Administration issued a new Notice To Airmen restricting U.S. operators from flying in the Damascus Flight Information Region, which includes all of Syria. The FAA said, "This replaces the current NOTAM in place that strongly advises U.S. operators against flying in that airspace and requires them to contact the FAA before they operate in that airspace. Based on an updated assessment of the risk associated with such operations and the lack of any requests from operators wishing to fly in this airspace, we believe it prudent to prohibit U.S. operators from flying into, out of, and over Syria. The ongoing armed conflict and volatile security environment in Syria poses a serious potential threat to civil aviation. Armed extremist groups in Syria are known to be equipped with a variety of anti-aircraft weapons which have the capability to threaten civilian aircraft. Opposition groups have successfully shot down Syrian military aircraft using these anti-aircraft weapon systems during the course of the conflict. Opposition elements have previously warned civilian air carriers against providing service to Syria. Due to the presence of anti-aircraft weapons among the extremist groups and ongoing fighting in various locations throughout Syria, there is a continuing significant potential threat to civil aviation operating in Syrian airspace." Publicly traded companies in the airline industry include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL).

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