Boston, MA 04/09/2014 (wallstreetpr) – In their operational results for the previous year announced on April 8, Southwestern Airlines Co (NYSE:LUV) reported an increase in their traffic, load factor and capacity. The company announced that there has been a growth of 1.6% in the Revenue Passenger Miles (RPM) of 9.6 billion in March 2014 against 9.4 billion in 2013. The available seat miles (ASM) also increased by .8% from 11.6 billion to 11.5 billion, and the load factor increased to 82.7% from 82 %. The passenger revenue per ASM has also increased by an approximate of 1%.
Effects reported
There have been reported earnings of $.33 per share for the quarter that has managed to beat the consensus estimate of $.29 by $.04. Southwestern Airlines Co (NYSE:LUV) has had revenue of $4.40 billion that is $.01 billion more than the estimate made by the analysts. There is an expectation of $1.39 earnings per share to be announced by the company. There has been a hike in the price target of the company stock from $26 to $28 reported by the analysts at Goldman Sachs. Overall there is a ‘buy ‘tag on the shares.
Recent CSR Initiatives
Southwestern Airlines Co (NYSE:LUV) had, earlier this month, announced its intention to give its commitment for three years to Place making, a movement that hopes to reintroduce public spaces in every community. Through its Heart of the Community programs, it plans to revamp and enhance the unused public areas in the hearts of cities in collaboration with the non-profit organization Project for Public Spaces. As part of CSR initiative, they will transform many such places, as the parks in the neighborhood, community markets and town squares, in 2014 and help the community also. Combined with the positive vibes and good figures for the past financials, the company is also enjoying a high of1.11% and is trading close to $23.77.
