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 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.