logo
Plus   Neg
Share
Email
Comment

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
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT