11 March 2014
Southwest Airlines Co. (NYSE: LUV) said that the company flew 7.1 billion revenue passenger miles (RPMs) in February 2014, a 1.2 percent increase from February 2013.
Available seat miles (ASMs) decreased 1.7 percent to 9.1bn from the February 2013 level of 9.3bn. The February 2014 load factor was 78.1 percent, compared to 75.8 percent in February 2013. For February 2014, passenger revenue per ASM (PRASM) is estimated to have increased approximately five percent compared to February 2013. This increase includes one point of estimated PRASM benefit from February 2014´s storms.
For the first two months of 2014, the company flew 14.6bn RPMs, compared to 14.3bn RPMs flown for the same period in 2013, an increase of 1.7 percent. Year-to-date ASMs decreased 2.2 percent to 18.9bn from 19.3bn for the same period in 2013. The year-to-date load factor was 77.2 percent, compared to 74.2 percent for the same period in 2013.
Southwest Airlines operates passenger airlines that provide scheduled air transportation services in the United States. The company was founded in 1967 and is headquartered in Dallas, Texas. Its website is at http://www.southwest.com.