Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Southwest Passenger Revenue Rises in August

Southwest Airlines (NYSE: LUV  ) today released traffic numbers for August, showing passengers flew fewer miles, but paid more per mile than a year ago.

The company flew 9.2 billion revenue passenger miles (RPMs) in August, which is a 2% decrease from its August 2012 total of 9.4 billion RPMs, and 8% lower than the 10 billion RPMs in July 2013. A revenue passenger mile is one paying passenger flown one mile.

The company's available seat miles (ASMs) dropped since the previous month, but the August number was higher than it was a year ago. Southwest reported 11.3 billion ASMs last month, compared to 11.9 billion in July and 11.1 billion in August 2012. An available seat mile is one seat (empty or full) flown one mile. ASM is often referred to as the airline industry's measure of capacity.

In terms of occupancy, Southwest saw its monthly load factor clock in at 81.3%, a 2.9-percentage-point decrease from August last year, and a 2.2-percentage-point decrease from the previous month. Load factor is the percentage of a plane filled with paying passengers. It is calculated as Revenue Passenger Miles/Available Seat Miles.

The company, which also owns AirTran Airways, said that passenger revenue for every seat flown one mile rose 4% compared with August 2012. That follows an increase of 4% to 5% for July.

The airline also tallied 112,448 trips flown in August, down 3.9% from the same month last year, and a 4.2% decrease from July 2013. So far in 2013, the company has flown 891,956 trips, 3.7% lower than the year-ago number.

-- Material from The Associated Press was used in this report.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2628846, ~/Articles/ArticleHandler.aspx, 9/24/2016 6:39:09 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 21 hours ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
LUV $37.24 Down -0.09 -0.24%
Southwest Airlines CAPS Rating: ****