Southwest Airlines Reports November Traffic

Dec 08, 2015, 06:30 ET from Southwest Airlines Co.

DALLAS, Dec. 8, 2015 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its November and year-to-date preliminary traffic statistics. The Company flew 9.7 billion revenue passenger miles (RPMs) in November 2015, a 13.9 percent increase from the 8.6 billion RPMs flown in November 2014. Available seat miles (ASMs) increased 9.7 percent to 11.7 billion in November 2015, compared with the November 2014 level of 10.7 billion. The November 2015 load factor was a record for the month of November at 83.2 percent, compared with 80.1 percent in November 2014. Based on these results and current trends, the Company estimates its fourth quarter 2015 operating revenue per ASM (RASM) will be approximately flat to down 1.0 percent, compared with fourth quarter 2014.

For the eleven months ended November 2015, the Company flew 107.5 billion RPMs, compared with 98.8 billion RPMs flown for the same period in 2014, an increase of 8.8 percent. Year-to-date 2015 ASMs increased 7.2 percent to a level of 128.4 billion, compared with 119.9 billion for the same period in 2014. The year-to-date load factor was 83.7 percent, compared with 82.4 percent for the same period in 2014.

This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the Company's financial outlook and projected results of operations. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) changes in demand for the Company's services and other changes in consumer behavior; (ii) the Company's ability to timely and effectively maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iii) the impact of governmental regulations and other governmental actions related to the Company's operations; and (iv) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014. 

Southwest Airlines Co.

Preliminary Comparative Traffic Statistics

NOVEMBER

2015

2014

Change

Revenue passengers carried

10,041,610

9,011,648

11.4%

Enplaned passengers

12,141,358

10,898,103

11.4%

Revenue passenger miles (000s)

9,743,256

8,553,730

13.9%

Available seat miles (000s)

11,707,019

10,674,900

9.7%

Load factor

83.2%

80.1%

3.1 pts.

Average length of haul

970

949

2.2%

Trips flown

105,280

100,442

4.8%

YEAR-TO-DATE

2015

2014

Change

Revenue passengers carried

108,065,304

100,902,542

7.1%

Enplaned passengers

132,203,848

124,100,764

6.5%

Revenue passenger miles (000s)

107,478,910

98,810,751

8.8%

Available seat miles (000s)

128,440,005

119,852,237

7.2%

Load factor

83.7%

82.4%

1.3 pts.

Average length of haul

995

979

1.6%

Trips flown

1,159,150

1,150,952

0.7%

 

SOURCE Southwest Airlines Co.



RELATED LINKS

http://www.southwest.com