Southwest Airlines (LUV) posted strong September numbers today, indicating that demand has been robust. The entire sector was trading higher, beating the overall market early. Stocks were also likely trading higher on the strong jobs report, although the price of oil was also significantly higher.
Southwest said that total traffic rose 6.4% in September and its load factor jumped to 77.8% from 75.5% a year ago. Passenger revenue per available seat mile (PRASM) rose an estimated 12%.
Southwest stock was up about 1% in early trading. Delta (DAL) rose 2%.
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