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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.
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November 26, 2014
09:27 EDTLUVSouthwest 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.
November 19, 2014
17:28 EDTLUVSouthwest CEO says likely to gain customers due to JetBlue bag fees
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17:28 EDTLUVSouthwest CEO says will not charge for checked bags going forward
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