Southwest reports July traffic up 6.6% Southwest Airlines flew 10.6 B revenue passenger miles in July, a 6.6% increase from the 10.0B RPMs flown in July 2013. Available seat miles increased 2.6% to 12.3B vs. July 2013 level of 11.9B. July 2014 load factor was 86.7% vs. 83.5% in July 2013. Passenger revenue per ASM is estimated to have increased approximately 4% vs. July 2013.
Southwest shares undervalued, says Argus Noting that Southwest reported higher than expected Q2 EPS and increased its dividend by 25%, Argus is upbeat on the company's management and strategy. The firm thinks the stock is undervalued. It keeps a $45 price target and Buy rating on the shares.