On Friday, Shares of Southwest Airlines Co (NYSE:LUV), added 2.17% and closed at $54.54 in the last trading session. The last trading range of the stock ranges between $53.26 and $54.87.
Southwest Airlines Co. (NYSE: LUV) (the “Company”) recently stated its March and first quarter preliminary traffic statistics.
The Company flew 11.3 billion revenue passenger miles (RPMs) in March 2017, a boost of 3.9 percent from the 10.9 billion RPMs flown in March 2016. Available seat miles (ASMs) raised 4.5 percent to 13.4 billion in March 2017, contrast with March 2016 ASMs of 12.9 billion. The March 2017 load factor was 84.1 percent, contrast with 84.6 percent in March 2016. Based on these results, the Company continues to estimate its first quarter 2017 operating revenue per ASM (RASM) will decline in the two to three percent range, as contrast with first quarter 2016. Bookings and unit revenue trends for second quarter 2017 remain strong.
Analyst recommendation for this stock stands at 1.90.