Form 8-K SOUTHWEST AIRLINES CO For: Oct 11
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 11, 2016
Southwest Airlines Co.
__________________________________________
(Exact name of registrant as specified in its charter)
Texas | 1-7259 | 74-1563240 |
_____________________ | _____________ | ______________ |
(State or other jurisdiction | (Commission | (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
P. O. Box 36611, Dallas, Texas | 75235-1611 |
_________________________________ | ___________ |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (214) 792-4000
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On October 11, 2016, the Registrant issued a press release announcing its traffic results for September 2016. The press release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 2.02.
The information furnished in this Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 Registrant’s September 2016 Traffic Release.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SOUTHWEST AIRLINES CO. | ||
October 11, 2016 | By | /s/ Tammy Romo |
Tammy Romo | ||
Executive Vice President & Chief Financial Officer | ||
(Principal Financial and Accounting Officer) | ||
Exhibit Index
Exhibit No. | Description |
99.1 | Registrant's September 2016 Traffic Release. |
SOUTHWEST AIRLINES REPORTS SEPTEMBER TRAFFIC
DALLAS, TEXAS – October 11, 2016 – Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its September, third quarter, and year-to-date preliminary traffic statistics.
The Company flew 9.9 billion revenue passenger miles (RPMs) in September 2016, an increase of 7.9 percent from the 9.2 billion RPMs flown in September 2015. Available seat miles (ASMs) increased 6.0 percent to 11.8 billion in September 2016, compared with September 2015 ASMs of 11.1 billion. The September 2016 load factor was a record for the month of September at 84.2 percent, compared with 82.7 percent in September 2015. The Company continues to estimate its third quarter 2016 operating revenue per ASM (RASM) will 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.
This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com.
Investor Contact:
Southwest Airlines Investor Relations
214-792-4415
Media Contact:
Southwest Airlines Media Relations
214-792-4847
/more
Southwest Airlines Co.
Preliminary Comparative Traffic Statistics
SEPTEMBER | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 10,148,682 | 9,421,347 | 7.7% | ||
Enplaned passengers | 12,302,964 | 11,536,417 | 6.6% | ||
Revenue passenger miles (000s) | 9,938,610 | 9,206,955 | 7.9% | ||
Available seat miles (000s) | 11,797,272 | 11,133,628 | 6.0% | ||
Load factor | 84.2% | 82.7% | 1.5 pts. | ||
Average length of haul | 979 | 977 | 0.2% | ||
Trips flown | 105,535 | 101,467 | 4.0% | ||
THIRD QUARTER | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 31,768,550 | 30,559,019 | 4.0% | ||
Enplaned passengers | 38,852,737 | 37,765,903 | 2.9% | ||
Revenue passenger miles (000s) | 32,315,952 | 31,052,660 | 4.1% | ||
Available seat miles (000s) | 37,881,510 | 36,360,340 | 4.2% | ||
Load factor | 85.3% | 85.4% | (0.1) pts. | ||
Average length of haul | 1,017 | 1,016 | 0.1% | ||
Trips flown | 332,420 | 325,301 | 2.2% | ||
YEAR-TO-DATE | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 92,712,998 | 87,802,757 | 5.6% | ||
Enplaned passengers | 112,960,419 | 107,535,145 | 5.0% | ||
Revenue passenger miles (000s) | 93,431,810 | 87,771,907 | 6.4% | ||
Available seat miles (000s) | 111,374,942 | 105,133,835 | 5.9% | ||
Load factor | 83.9% | 83.5% | 0.4 pts. | ||
Average length of haul | 1,008 | 1,000 | 0.8% | ||
Trips flown | 981,409 | 948,180 | 3.5% | ||
*Operating revenues used in the calculation of third quarter 2015 RASM exclude a $172 million one-time non-cash special revenue adjustment as shown in the following reconciliation. Additional information regarding the special revenue adjustment is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015. | |||
Three months ended | |||
(in millions) | September 30, 2015 | ||
Operating Revenues, as reported | $ | 5,318 | |
Deduct: Special revenue adjustment | (172 | ) | |
Operating Revenues, Non-GAAP | $ | 5,146 | |
***
SW-T
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