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Southwest Airlines Traffic, Capacity Down In Sept., Rise In Q3; Backs RASM View

Southwest Airlines Co. (LUV) reported Friday a decline in its traffic and capacity for the month of September. In the third quarter, the company recorded mostly improved results.

For the month of September, the company flew 9.5 billion revenue passenger miles or RPMs, a decrease of 4.5 percent from the 9.9 billion RPMs flown in September 2016. Revenue passengers carried dropped 2.5 percent to 9.89 million.

Available seat miles or ASMs decreased 1.6 percent to 11.6 billion from 11.8 billion ASMs last year. The September 2017 load factor was 81.7 percent, compared with 84.2 percent a year ago.

For the third quarter, RPMs increased 2.5 percent to 33.13 billion RPMs. Revenue passengers carried grew 4 percent from last year to 33.03 million.

ASMs increased 3.1 percent year-over-year to 39.05 billion, while load factor edged down 0.5 percentage points to 84.8 percent.

Based on these results and consistent with guidance, the Company continues to estimate its third quarter 2017 operating revenue per ASM or RASM to be flat to down one percent, as compared with third quarter 2016.

by RTT Staff Writer

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