On Tuesday, Shares of Southwest Airlines Co. (NYSE:LUV), lost -4.21% to $34.59.
Southwest Airlines, declared that the Company flew 10.2 billion revenue passenger miles (RPMs) in May 2015, an 8.5 percent enhance from the 9.4 billion RPMs flown in May 2014. Accessible seat miles (ASMs) raised 7.6 percent to 12.1 billion in May 2015, contrast with the May 2014 level of 11.2 billion. The May 2015 load factor was a record 84.4 percent, contrast with 83.7 percent in May 2014. For May 2015, passenger revenue per ASM (PRASM) is estimated to have reduced about 6.0 percent, contrast with May 2014.
Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, “Solid traffic and revenue trends continued in May, and we remain on track to produce record second quarter profits, not taking into account special items. We continue to be happy with the performance of our markets under development, which represents about twenty percent of our network. Dallas Love Field, in particular, continues to exceed our expectations, counting the additional markets added in April 2015. Considering recent weakness in close-in revenue passenger yields, an estimated two to three point impact from our year-over-year growth in stage length and seat gauge, and difficult comparisons to last year’s strong second quarter performance, we presently estimate our second quarter 2015 PRASM will decline in the four to five percent range, contrast with second quarter 2014. We have taken steps this week to start pulling down our second half 2015 ASMs to manage our 2015 capacity growth, year-over-year, to about seven percent. With weaker than predictable economic growth, we continue to evaluate our 2016 capacity plans with a current intent to cap our ASM growth to about six percent, year-over-year.”
For the first five months of 2015, the Company flew 46.0 billion RPMs, contrast with 42.7 billion RPMs flown for the same period in 2014, an enhance of 7.7 percent. Year-to-date ASMs raised 6.5 percent to a level of 56.3 billion, contrast with the 52.9 billion for the same period in 2014. The year-to-date load factor was 81.6 percent, contrast with 80.7 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.
Shares of Wal-Mart Stores Inc. (NYSE:WMT), declined -0.19% to $72.47, during its last trading session, hitting its lowest level.
On June 5, At the company’s Annual Shareholders’ Meeting, Wal-Mart Stores, Inc. President and CEO Doug McMillon challenged the company’s more than 2 million associates to win the future of retail “one customer at a time.” McMillon laid out his strategy:
“We’ll save customers money on their everyday needs with an easy shopping experience powered by people and technology. We’ll offer: Value – everyday low prices. Convenience – we’ll be there when and where they want us. Merchandise – we’ll have the items they want and continue to be great merchants. An easy experience – simple and fun. We’ll win one customer at a time.”
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, AerCap Holdings N.V. (NYSE:AER), ended its last trade with 0.31% gain, and closed at $48.10.
AerCap Holdings, declared the completion of the secondary public offering of 71,184,686 of its ordinary shares by American International Group, Inc. at a price to the public of $49.00 per ordinary share. In connection with the underwritten offering, the Selling Shareholder also granted the underwriters a 30-day option to purchase up to an additional 10,677,702 ordinary shares. AerCap will not receive any proceeds from the sale of the ordinary shares. AerCap also accomplished its formerly declared repurchase of 15,698,588 of its ordinary shares from the Selling Shareholder for $750 million.
Citigroup and Goldman, Sachs & Co. are serving as global coordinators and joint book running managers, and J.P. Morgan, Morgan Stanley & Co. LLC and UBS Investment Bank are serving as joint book running managers for the underwritten offering.
AerCap Holdings N.V., an independent aircraft leasing company, engages in the leasing, financing, sale, and administration of commercial aircraft and engines.
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