Southwest Airlines (LUV) Load Factor Fell 0.8 Points in August 2016
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EPS Growth %: -33.3%
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Weighted average shares outstanding, basic: 618M
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Southwest Airlines (NYSE: LUV) reported its August and year-to-date preliminary traffic statistics.
The Company flew 10.7 billion revenue passenger miles (RPMs) in August 2016, an increase of 3.6 percent from the 10.3 billion RPMs flown in August 2015. Available seat miles (ASMs) increased 4.6 percent to 12.7 billion in August 2016, as compared with August 2015 ASMs of 12.1 billion. The August 2016 load factor was 84.6 percent, as compared with 85.4 percent in August 2015. Based on these results and current trends, the Company continues to expect its third quarter 2016 operating revenue per ASM (RASM) to decline in the 3.5 to 4.5 percent range, as compared with third quarter 2015, with approximately 0.5 point of the decline resulting from the Company's July 2016 technology outage.
AUGUST | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 10,507,186 | 10,095,376 | 4.1% | ||
Enplaned passengers | 12,919,768 | 12,600,993 | 2.5% | ||
Revenue passenger miles (000s) | 10,711,587 | 10,342,510 | 3.6% | ||
Available seat miles (000s) | 12,665,121 | 12,105,854 | 4.6% | ||
Load factor | 84.6% | 85.4% | (0.8) pts. | ||
Average length of haul | 1,019 | 1,024 | (0.5)% | ||
Trips flown | 112,266 | 108,817 | 3.2% |
YEAR-TO-DATE | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 82,564,316 | 78,381,410 | 5.3% | ||
Enplaned passengers | 100,657,455 | 95,998,728 | 4.9% | ||
Revenue passenger miles (000s) | 83,493,201 | 78,564,952 | 6.3% | ||
Available seat miles (000s) | 99,577,670 | 94,000,207 | 5.9% | ||
Load factor | 83.8% | 83.6% | 0.2 pts. | ||
Average length of haul | 1,011 | 1,002 | 0.9% | ||
Trips flown | 875,874 | 846,713 | 3.4% |
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