logo
Share SHARE
FONT-SIZE Plus   Neg

Southwest Airlines April Traffic, Capacity Rise; Load Factor Declines

Southwest Airlines Co. (LUV) on Tuesday reported that traffic and capacity for the month of April increased from last year, while load factor declined.

For the month, Southwest estimates passenger revenue per available seat mile or PRASM to have decreased in the 4 to 5 percent range compared to the prior-year period.

Dallas, Texas-based Southwest said that traffic for the month, measured in revenue passenger miles or RPMs, increased 1.5 percent to 8.74 billion from 8.61 billion in the previous-year period.

Capacity, measured in available seat miles or ASMs, rose 4.1 percent to 11.23 billion from 10.79 billion in the same period last year.

Load factor for the quarter was 77.8 percent, down 2.0 percentage points from 79.8 percent in the prior-year period.

Revenue passengers carried by the airline in the month totaled 9.27 million, down 0.2 percent from 9.30 million in the year-ago period. The number of passengers enplaned during the month were flat with the year-ago period at 11.25 million, while the number of trips flown declined 1.5 percent to 113,892.

For the first four months of 2013, Southwest's traffic increased 0.6 percent from the year-ago period to 32.49 billion RPMs, while capacity increased 1.5 percent to 42.03 billion ASMs. Load factor for the period was 77.3 percent, down 0.7 percentage points from 78.0 percent in the prior-year period.

In Tuesday's regular session, LUV is trading at $14.25, down $0.01 or 0.04 percent on a volume of 75,328 shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
As most of us are painfully aware, the days of the pension are mostly gone. The percentage of employers still offering a traditional defined benefit pension plan to newly hired employees fell from about 50% to 5% between 1998 and 2015, according to advisory firm Willis Towers Watson. Many companies... Cruise Critic, a cruise reviews and information site, has announced its 10th annual Editors' Picks Awards for the best cruise ships and lines of 2017. The awards are given in three categories - ocean cruises, luxury cruises and river cruises. Viking Cruises, with five wins, topped the list of award winners. Following Viking in second spot was Crystal Cruises, with four awards. French real estate company Unibail-Rodamco SE Tuesday announced that it has entered into an agreement to acquire Australian shopping centre group Westfield Corp. in a deal that implies an enterprise value of $24.7 billion. The deal is expected to create the world's premier developer and operator of flagship shopping destinations with 61.1 billion euros or $72.2 billion of Gross Market Value.
comments powered by Disqus
Follow RTT