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Bank of America downgrades Southwest Airlines (LUV) to Underperform on concerns over weak...
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Tuesday, August 14, 2012, 6:52 AM ETBank of America downgrades Southwest Airlines (LUV) to Underperform on concerns over weak domestic travel and higher fuel costs. The economic slowdown has slowed business travel to the point that a key sector metric - passenger revenue per available seat mile - could show negative year-over-year growth for the first time since 2009 in September.
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