Southwest Airlines (LUV) Load Factor Fell 0.8 Points in August 2016

September 7, 2016 6:26 AM EDT

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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.

Southwest Airlines Co.
Preliminary Comparative Traffic Statistics
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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