Southwest Airlines Reports October Traffic

Published on : Thursday, November 9, 2017

Southwest AirlinesSouthwest Airlines Co. (the “Company”) today reported its October and year-to-date preliminary traffic statistics.

 

 

The Company flew 10.7 billion revenue passenger miles (RPMs) in October 2017, an increase of 1.9 percent from the 10.5 billion RPMs flown in October 2016. Available seat miles (ASMs) increased 1.7 percent to 12.4 billion in October 2017, compared with October 2016 ASMs of 12.2 billion. The October 2017 load factor was 85.8 percent, compared with 85.7 percent in October 2016. Based on these results and current trends, the Company continues to expect its fourth quarter 2017 operating revenue per ASM (RASM) to increase in the range of up slightly to 1.5 percent, as compared with fourth quarter 2016.

 

Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the Company’s financial outlook and projected results of operations. These forward-looking statements are based on the Company’s current intent, expectations, and projections and are not guarantees of future performance. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) changes in demand for the Company’s services and other changes in consumer behavior; (ii) the impact of economic conditions, fuel prices, actions of competitors, and other factors beyond the Company’s control, on the Company’s business; (iii) the Company’s ability to timely and effectively implement, transition, and maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iv) the impact of governmental regulations and other governmental actions related to the Company’s operations; (v) the Company’s dependence on third parties; (vi) the impact of labor matters on the Company’s business; and (vii) other factors, as described in the Company’s filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016.

Southwest Airlines Co.

Preliminary Comparative Traffic Statistics

OCTOBER

2017

2016

Change

Revenue passengers carried

11,217,905

10,739,011

4.5%

Enplaned passengers

13,501,569

13,014,167

3.7%

Revenue passenger miles (000s)

10,679,120

10,477,910

1.9%

Available seat miles (000s)

12,441,062

12,227,258

1.7%

Load factor

85.8%

85.7%

0.1 pts.

Average length of haul

952

976

(2.5)%

Trips flown

112,049

109,115

2.7%

YEAR-TO-DATE

2017

2016

Change

Revenue passengers carried

107,779,094

103,452,009

4.2%

Enplaned passengers

130,749,903

125,974,586

3.8%

Revenue passenger miles (000s)

107,530,702

103,909,720

3.5%

Available seat miles (000s)

128,365,320

123,602,199

3.9%

Load factor

83.8%

84.1%

(0.3) pts.

Average length of haul

998

1,004

(0.6)%

Trips flown

1,122,752

1,090,524

3.0%

 

 

Source:- Southwest Airlines

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