Southwest Airlines (LUV) July Traffic Rises, View Intact
Zacks Investment Research | Aug 09, 2017 09:57PM ET
Low-cost carrier Southwest Airlines Co. (NYSE:LUV) posted a 6% rise in traffic (measured in Revenue Passenger Miles or RPMs) to around 12.4 billion in July from 11.7 billion a year ago. Also, Available Seat Miles (ASMs) increased 5.5% to 14.2 billion from 13.4 billion in the same month last year. Load factor (the percentage of seats filled by passengers) too improved 40 basis points (bps) to 87.3% in July as traffic growth outpaced capacity expansion.
On a year-to-date basis, Southwest Airlines witnessed a 4.5% rise in RPMs to 76.1 billion. Also, ASMs rose 4.7% to 91.0 billion. Hence, the load factor decreased 10 bps to 83.6%. Additionally, passenger count in the first seven months of 2017 rose 4.5% to 91.7 billion from 87.7 billion during the same period in 2016.
The company continues to expect third-quarter 2017 operating revenue per ASM (RASM) growth of around 1%.
Southwest Airlines Company Price
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