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Here's Why Southwest Airlines (LUV) Stock Is Advancing Today

NEW YORK (TheStreet) -- Shares of Southwest Airlines (LUV) were climbing in early-afternoon trading on Wednesday as the company reported its preliminary August traffic results and alleviated concerns about over capacity.

The Dallas-based airline said it flew 10.7 billion revenue passenger miles, which is an increase of 3.6% year-over-year.

Available seat miles (ASM) rose 4.6% to 12.7 billion last month vs. 12.1 billion during the same time last year. The load factor...


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