logo
Plus   Neg
Share
Email
Comment

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Google plans to commission three underwater cables in 2019 as part of efforts to expand its cloud business amid stiff competition from rivals Microsoft and Amazon. The three fiber-optic subsea cables will run across different routes. Google noted that it has spent $30 billion to improve its infrastructure over three years. McDonald's Corp. said Tuesday that all of its packaging worldwide will come from renewable, recycled or certified sources by 2025, up from the current figure of 50 percent. The fast food giant also aims to recycle guest packaging in all its restaurants by then, compared with only 10 percent of its restaurants currently. General Electric Co. (GE) will take an after-tax charge of $6.2 billion in its fourth quarter results as part of comprehensive review of its finance arm's insurance portfolio. The after-tax charge will be $7.5 billion when adjusted to the rate following the recent U.S. tax overhaul.
comments powered by Disqus
Follow RTT