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News Breaks
March 10, 2014
07:51 EDTLUVSouthwest reports February RPMs up 1.2%
Southwest Airlines announced that the company flew 7.1B revenue passenger miles, or RPMs, in February, a 1.2% increase from the RPMs flown in February 2013. Available seat miles, or ASMs, decreased 1.7% to 9.1B from the February 2013. The February load factor was 78.1%, compared to 75.8% in 2013. For February, passenger revenue per ASM, or PRASM, is estimated to have increased approximately five percent compared to 2013. This increase includes one point of estimated PRASM benefit from February 2014's storms, the company said. For the first two months of 2014, the company flew 14.6B RPMs, compared to 14.3B RPMs flown for the same period in 2013, an increase of 1.7%. Year-to-date ASMs decreased 2.2% from the same period in 2013 to 18.9B . The year-to-date load factor was 77.2%, compared to 74.2% for the same period in 2013.
News For LUV From The Last 14 Days
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September 29, 2014
11:11 EDTLUVFAA steadily up flights arriving, departing Chicago airports after fire
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September 26, 2014
10:58 EDTLUVFire at FAA Chicago facility prompts flight halts, WSJ says
After a fire occurred in the Federal Aviation Administration's primary Chicago air-traffic control facility Aurora Illinois, flights in and out of Chicago's main airports have ceased, according to The Wall Street Journal, citing comments from the FAA. Midway International Airport is a main hub for Southwest (LUV) while United Continental (UAL) operates a hub out of O'Hare International Airport. Reference Link
September 24, 2014
11:03 EDTLUVSouthwest announces purchase agreement with Red Rocks Biofuels
Southwest Airlines signed an agreement with Red Rocks Biofuels to buy low carbon renewable jet fuel, made using forest residues that will help reduce the risk of wildfires in the Western U.S. The airline's agreement with RRB covers the purchase of approximately 3M gallons per year. The product will be used at Southwest's Bay Area operations with first delivery expected in 2016. RRB's first plant will convert approximately 140K dry tons of woody biomass feedstock into at least 12M gallons per year of renewable jet, diesel, and naphtha fuels.
September 23, 2014
09:18 EDTLUVCRT Capital believe long-term investors should buy Airlines aggressively
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