Southwest Airlines reports 1% November traffic decrease

10 December 2013

Southwest Airlines Co. (NYSE: LUV) reported the company flew 8.1 billion revenue passenger miles (RPMs) in November 2013, a 1.0 percent decrease from the 8.1bn RPMs flown in November 2012.

Available seat miles (ASMs) increased 0.8 percent to 10.3bn from the November 2012 level of 10.2bn. The November 2013 load factor was 78.6 percent, compared to 80.0 percent in November 2012.

For November 2013, passenger revenue per ASM (PRASM) is estimated to have decreased approximately six percent, compared to November 2012. While November was significantly impacted by the shift in Thanksgiving holiday return travel, the benefit to December is expected to drive a dramatic year-over-year increase in December PRASM. For fourth quarter 2013, the company currently estimates PRASM will increase approximately two percent, as compared to fourth quarter 2012.

For the first eleven months of 2013, the company flew 95.4 billion RPMs, compared to 94.7bn RPMs flown for the same period in 2012, an increase of 0.7 percent. Year-to-date ASMs increased 1.6 percent to 119.5 billion from 117.7 billion for the same period in 2012. The year-to-date load factor was 79.8 percent, compared to 80.5 percent for the same period in 2012.

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