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 August Traffic Up, Q3 RASM View Bearish
Read MoreHide Full Article
Southwest Airlines Co. (LUV - Free Report) has reported traffic numbers for August. Traffic (measured in Revenue Passenger Miles or RPMs) rose 5.3% to around 11.28 billion in the month from 10.71 billion a year ago. Meanwhile Available Seat Miles (ASMs) increased 4.9% to 13.28 billion from 12.67 billion in the same month last year. Load factor (the percentage of seats filled by passengers) improved 30 basis points (bps) to 84.9% in August as traffic growth outpaced capacity expansion.
On a year-to-date basis, Southwest Airlines witnessed a 4.6% rise in RPMs to 87.36 billion. Also, ASMs grew 4.8% to 104.31 billion. As a result, the load factor decreased 10 bps to 83.7%. Additionally, passenger count in the first eight months of 2017 rose 4.6% to 105.32 billion from 100.66 billion in the same period in 2016.
The company’s third-quarter 2017 operating revenue per ASM (RASM) is expected in the band of down one percent to slight upward, year over year, inclusive of the estimated impact from Harvey and soft revenue passenger yields. Previous guidance had called for a rise of around 1% in the metric.
Southwest Airlines currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in airline space are Deutsche Lufthansa AG (DLAKY - Free Report) , SkyWest, Inc. (SKYW - Free Report) and Air France-KLM SA (AFLYY - Free Report) . While Deutsche Lufthansa and SkyWest sport a Zacks Rank #1 (Strong Buy), Air France-KLM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Deutsche Lufthansa and Air France-KLM have gained more than 100% in a year, while SkyWest shares have surged 24.1% over the same time frame.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Southwest Airlines August Traffic Up, Q3 RASM View Bearish
Southwest Airlines Co. (LUV - Free Report) has reported traffic numbers for August. Traffic (measured in Revenue Passenger Miles or RPMs) rose 5.3% to around 11.28 billion in the month from 10.71 billion a year ago. Meanwhile Available Seat Miles (ASMs) increased 4.9% to 13.28 billion from 12.67 billion in the same month last year. Load factor (the percentage of seats filled by passengers) improved 30 basis points (bps) to 84.9% in August as traffic growth outpaced capacity expansion.
On a year-to-date basis, Southwest Airlines witnessed a 4.6% rise in RPMs to 87.36 billion. Also, ASMs grew 4.8% to 104.31 billion. As a result, the load factor decreased 10 bps to 83.7%. Additionally, passenger count in the first eight months of 2017 rose 4.6% to 105.32 billion from 100.66 billion in the same period in 2016.
The company’s third-quarter 2017 operating revenue per ASM (RASM) is expected in the band of down one percent to slight upward, year over year, inclusive of the estimated impact from Harvey and soft revenue passenger yields. Previous guidance had called for a rise of around 1% in the metric.
Southwest Airlines Company Price
Southwest Airlines Company Price | Southwest Airlines Company Quote
Zacks Rank & Key Picks
Southwest Airlines currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in airline space are Deutsche Lufthansa AG (DLAKY - Free Report) , SkyWest, Inc. (SKYW - Free Report) and Air France-KLM SA (AFLYY - Free Report) . While Deutsche Lufthansa and SkyWest sport a Zacks Rank #1 (Strong Buy), Air France-KLM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Deutsche Lufthansa and Air France-KLM have gained more than 100% in a year, while SkyWest shares have surged 24.1% over the same time frame.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>