We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Southwest Airlines' June Load Factor Flat, RASM View Intact
Read MoreHide Full Article
Southwest Airlines Co. (LUV - Free Report) , alow-cost carrier, recorded a 3.7% year-over-year improvement in revenue passenger miles or RPMs (a measure of air traffic) to 11.9 billion for the month of Jun 2017. Available seat miles or ASMs (a measure of capacity) expanded 3.8% to 13.6 billion.
Another important metric – load factor (percentage of seats filled by passengers) – was flat year-over-year at 87.4% during the month, as capacity expansion was on par with traffic growth.
For the first six months of the ongoing year, Southwest Airlines has reported a 4.3% rise in RPMs to 63.7 billion and a 4.6% increase in ASMs to 76.9 billion. However, load factor for the period contracted 30 basis points to 82.9%.
The low-cost carrier still expects second-quarter 2017 operating revenue per ASM (RASM) to increase in the range of 1-2% on a year-over-year basis.The Dallas-based company’s unchanged RASM guidance failed to find favor with investors, resulting in the stock declining 1.73% on Jul 10.
Shares of Air France-KLM, American Airlines and Delta Air Lines have rallied over 85%, 19% and 21% ,respectively, in the last three months.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Southwest Airlines' June Load Factor Flat, RASM View Intact
Southwest Airlines Co. (LUV - Free Report) , a low-cost carrier, recorded a 3.7% year-over-year improvement in revenue passenger miles or RPMs (a measure of air traffic) to 11.9 billion for the month of Jun 2017. Available seat miles or ASMs (a measure of capacity) expanded 3.8% to 13.6 billion.
Another important metric – load factor (percentage of seats filled by passengers) – was flat year-over-year at 87.4% during the month, as capacity expansion was on par with traffic growth.
For the first six months of the ongoing year, Southwest Airlines has reported a 4.3% rise in RPMs to 63.7 billion and a 4.6% increase in ASMs to 76.9 billion. However, load factor for the period contracted 30 basis points to 82.9%.
The low-cost carrier still expects second-quarter 2017 operating revenue per ASM (RASM) to increase in the range of 1-2% on a year-over-year basis.The Dallas-based company’s unchanged RASM guidance failed to find favor with investors, resulting in the stock declining 1.73% on Jul 10.
Southwest Airlines Company Price
Southwest Airlines Company Price | Southwest Airlines Company Quote
Zacks Rank & Key Picks
Southwest Airlines currently carries a Zacks Rank #2 (Buy). Investors interested in the airline space may also consider Air France-KLM SA (AFLYY - Free Report) , American Airlines Group, Inc. (AAL - Free Report) and Delta Air Lines, Inc. (DAL - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM, American Airlines and Delta Air Lines have rallied over 85%, 19% and 21% ,respectively, in the last three months.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>