Southwest Airlines November Traffic Up, RASM View Raised

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bimjim
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Southwest Airlines November Traffic Up, RASM View Raised

Unread post by bimjim » Tue Dec 12, 2017

http://www.nasdaq.com/article/southwest ... d-cm889463

Southwest Airlines November Traffic Up, RASM View Raised
December 11, 2017

Southwest Airlines Company LUV recently reported traffic numbers for November. Revenue Passenger Miles (RPMs) - a measure of air traffic - increased 3.4% year over year to 10.80 billion in the month. Meanwhile Available Seat Miles (ASMs) - a measure of capacity - climbed 2.5% to 12.58 billion. Load factor (the percentage of seats filled by passengers) inched up 70 basis points (bps) to 85.8% in November owing to traffic growth outpacing capacity expansion.

On a year-to-date basis, Southwest Airlines witnessed a 3.5% rise in RPMs to 118.33 billion. Also, ASMs grew 3.7% to 140.94 billion. As a result, the load factor decreased 20 bps to 84%. Additionally, passenger count in the first 11 months of 2017 rose 3.9% to 144.33 billion.

The company now anticipates fourth-quarter 2017 operating revenues per ASM (RASM) to increase 1-2%, higher than the previous guidance of a slight growth up to 1.5%.

Additionally, the carrier has been making continued efforts to extend operations. To this end, it recently announced the launch of daily international flights from Ft. Lauderdale-Hollywood International Airport to Providenciales International Airport (in the Turks and Caicos Islands). Further, the carrier has begun flights from FLL to San Jose, Costa Rica and Punta Cana, Dominican Republic. Moreover, it aims to start services between Houston and Grand Cayman on Saturdays from Jun 9, 2018

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