Southwest Airlines May revenue passenger miles up over prior year

10 June 2014

Southwest Airlines Co. (NYSE: LUV) said it flew 9.4 billion revenue passenger miles in May 2014, a 0.6 percent increase from the 9.3 billion RPMs flown in May 2013.

Available seat miles decreased 1.5 percent to 11.2 billion, from the May 2013 level of 11.4 billion. The May 2014 load factor was 83.7 percent, compared to 81.9 percent in May 2013.

For May 2014, passenger revenue per ASM (PRASM) is estimated to have increased in the eight to nine percent range compared to May 2013.

For the first five months of 2014, the company flew 42.7 billion RPMs, compared to 41.8 billion RPMs flown for the same period in 2013, an increase of 2.0 percent. Year-to-date ASMs decreased 1.1 percent to 52.9 billion from 53.4 billion for the same period in 2013. The year-to-date load factor was 80.7 percent, compared to 78.3 percent for the same period in 2013.

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