logo
Share SHARE
FONT-SIZE Plus   Neg

Southwest Airlines October Traffic, Capacity Rise, But Load Factor Declines

Southwest Airlines Co. (LUV) reported Thursday operational results for the month of October, reporting year-over-year increases in traffic and capacity, while load factor declined. The passenger revenue per available seat mile or PRASM, for October 2013 is estimated to have increased in the one to two percent range when compared to October 2012.

Dallas, Texas-based Southwest said traffic, measured in revenue passenger miles or RPMs, grew 1.3 percent to 8.61 billion from 8.50 billion in the same month last year. Capacity, measured in available seat miles or ASMs, also increased 2.4 percent to 10.78 billion from last year's 10.53 billion.

Load factor for the month edged down 0.8 percentage points to 79.9 percent from the year-ago month's 80.7 percent.

Revenue passengers carried totaled 9.02 million, down 1.3 percent from 9.15 million in the year-ago month.

The number of passengers enplaned during the month edged down 0.8 percent to 11.17 million from last year. The number of trips flown also declined 3.0 percent to 108,462 from a year ago.

For the year-to-date ten-month period, traffic edged up 0.9 percent to 87.31 billion RPMs from 86.55 billion RPMs in the same period last year. Capacity also improved 1.6 percent to 109.24 billion ASMs from last year at 107.47 billion ASMs.

However, load factor for the period edged down 0.6 percentage points to 79.9 percent from the year-ago period's 80.5 percent.

LUV closed Wednesday's regular trading session at $17.80, down $0.19 on a volume of 8.84 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT