logo
Share SHARE
FONT-SIZE Plus   Neg

Southwest Airlines March Traffic, Capacity, Load Factor Rises

Southwest Airlines Co. (LUV) reported Friday operational results for the month of March, reporting that traffic, capacity and load factor grew from last year. The passenger revenue per available seat mile or PRASM, for March 2013 is estimated to have been flat when compared to March 2012.

Dallas, Texas-based Southwest said traffic, measured in revenue passenger miles or RPMs, grew 4.0 percent to 9.44 billion from 9.08 billion in the same month last year. Capacity, measured in available seat miles or ASMs, also increased 3.8 percent to 11.51 billion from last year's 11.09 billion.

Load factor for the month edged up 0.2 percentage points to 82.0 percent from the year-ago month's 81.8 percent.

Revenue passengers carried totaled 9.89 million, up 3.1 percent from 9.59 million in the year-ago month.

The number of passengers enplaned during the month advanced 2.6 percent to 12.04 million from last year's 11.73 million. However, the number of trips flown declined 1.9 percent to 116,393 from a year ago.

For the year-to-date three-month period, traffic edged up 0.3 percent to 23.76 billion RPMs from 23.68 billion RPMs in the same period last year. Capacity also edged up 0.6 percent to 30.80 billion ASMs from last year at 30.63 billion ASMs.

However, load factor for the period edged down 0.2 percentage points to 77.1 percent from the year-ago period's 77.3 percent.

Meanwhile, Southwest reported in late-January a profit for the fourth quarter that plunged 49 percent from last year, as higher operating expenses more than offset an increase in revenues. Traffic, capacity and load factor also were down slightly. Total quarterly operating revenues grew 2 percent to $4.17 billion from the prior-year quarter.

LUV closed Thursday's regular trading session at $12.80, up $0.26 on a volume of 7.57 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Consumers in Nigeria are calling for a boycott of Coca-Cola products sold in the African nation after a high court judge ruled that the products could be "poisonous". Justice Adedayo Oyebanji of the Lagos High Court ruled that high levels of benzoic acid and sunset additives in Coca-Cola's soft drinks could pose a health risk to consumers when mixed with ascorbic acid, commonly known as Vitamin C. Charles Murphy, a partner at New York hedge fund Paulson & Co., fell to his death after jumping out of a hotel window in Manhattan on Monday. Murphy was found dead on the fourth-floor terrace of the Sofitel New York Hotel after he jumped from a window on the 24th floor. Internet media company BuzzFeed is preparing to go public in 2018, media site Axios reported Wednesday, citing industry sources. New York-based BuzzFeed was founded in 2006 by Jonah Peretti and John Johnson III as a viral lab, focusing exclusively on tracking viral content.
comments powered by Disqus
Follow RTT