During Friday’s Morning trade, Shares of Southwest Airlines Co. (NYSE:LUV), climbed 0.17% to $46.75, hitting its highest level.
Southwest Airlines, stated its October and year-to-date preliminary traffic statistics. The Company flew 10.0 billion revenue passenger miles (RPMs) in October 2015, a 10.8 percent improvement from the 9.0 billion RPMs flown in October 2014. Available seat miles (ASMs) raised 7.2 percent to 11.6 billion in October 2015, contrast with the October 2014 level of 10.8 billion. The October 2015 load factor was a record for the month of October at 85.9 percent, contrast with 83.1 percent in October 2014. Based on these results and current trends, the Company continues to estimate its fourth quarter 2015 operating revenue per ASM (RASM) will improvement about 1.0 percent, contrast with fourth quarter 2014.
For the first ten months of 2015, the Company flew 97.7 billion RPMs, contrast with 90.3 billion RPMs flown for the same period in 2014, an improvement of 8.3 percent. Year-to-date 2015 ASMs raised 6.9 percent to a level of 116.7 billion, contrast with 109.2 billion for the same period in 2014. The year-to-date load factor was 83.7 percent, contrast with 82.7 percent for the same period in 2014.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft. The company served 93 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, in addition to 5 near-international countries, counting Mexico, Jamaica, The Bahamas, Aruba, and the Dominican Republic.
Shares of Delta Air Lines, Inc. (NYSE:DAL), inclined 0.73% to $34.70, during its current trading session.
Delta Air Lines, stated financial and operating performance for October 2015.
Merged passenger unit revenue (PRASM) for the month of October declined 1.0% year over year counting a 2 point headwind from foreign exchange. October’s result benefitted from Delta’s winter capacity actions, counting a 4% reduction in international capacity for the month.
Delta Air Lines serves more than 170 million customers each year. Delta was named to FORTUNE magazine’s top 50 World’s Most Admired Companies in addition to being named the most admired airline for the fourth time in five years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for four successive years, a first for any airline. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 316 destinations in 57 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft. The airline is a founding member of the SkyTeam global alliance and take parts in the industry’s leading trans-Atlantic joint venture with Air France-KLM and Alitalia in addition to a joint venture with Virgin Atlantic. Counting its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with key hubs and markets counting Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, global products and services, and technology to enhance the customer experience in the air and on the ground.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Finally, American Capital, Ltd. (NASDAQ:ACAS), gained 2.26%, and is now trading at $14.02.
Antares Capital and American Capital, declared that they were co-lead arrangers of a $170 million unitranche facility to support the acquisition of Kele, Inc. (“Kele”) by Snow Phipps Group, LLC (“Snow Phipps”). Antares Capital acted as Agent. Kele is an independent distributor of peripheral control products used in building automation systems of commercial buildings in North America.
Douglas Cannaliato, Senior Managing Director at Antares Capital, said, “We’re thrilled to be lead arranger of this financing for Snow Phipps, ongoing our decade-long relationship with Kele. We have a lot of confidence in administration and a history of successful partnering with Snow Phipps.”
Ryan Brauns, Managing Director and Head of Sponsor Finance at American Capital, said, “We are delighted to have closed our second transaction with Snow Phipps in the last twelve months and were glad to partner with Antares to provide a joint execution.”
Sean Epps, Partner at Snow Phipps, said, “We appreciate the efforts of both the Antares and American Capital teams to support us in our acquisition of Kele. We have enjoyed a long term relationship with Antares and are benefitting from a new relationship with American Capital and look forward to shared success and partnership with both in the future.”
American Capital, Ltd. is a private equity and venture capital firm. It is a business development company specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments.