Bank of America downgrades Southwest Airlines (LUV) to Underperform on concerns over weak...

|About: Southwest Airlines Co. (LUV)|By:, SA News Editor

Bank 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.