Southwest Airlines Co. (LUV: Quote) 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
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