DALLAS, Sept. 8, 2017
/PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the
"Company") today reported its August and year-to-date preliminary
traffic statistics.
The Company flew 11.3 billion revenue passenger miles (RPMs) in
August 2017, an increase of 5.3
percent from the 10.7 billion RPMs flown in August 2016. Available seat miles (ASMs)
increased 4.9 percent to 13.3 billion in August 2017, compared with August 2016 ASMs of 12.7 billion. The
August 2017 load factor was 84.9
percent, compared with 84.6 percent in August 2016. Based on these results, the
estimated impact from Hurricane Harvey, and the current industry
revenue environment driving weakness in revenue passenger yields,
the Company expects its third quarter 2017 operating revenue per
ASM (RASM) to be in the range of down one percent to slightly up,
year-over-year.
This release, as well as past news releases about Southwest
Airlines Co., is available online at Southwest.com.
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
|
|
|
|
|
|
|
|
AUGUST
|
|
2017
|
|
2016
|
|
Change
|
Revenue passengers
carried
|
11,208,623
|
|
10,507,186
|
|
6.7%
|
Enplaned
passengers
|
13,656,895
|
|
12,919,768
|
|
5.7%
|
Revenue passenger
miles (000s)
|
11,276,636
|
|
10,711,587
|
|
5.3%
|
Available seat miles
(000s)
|
13,281,164
|
|
12,665,121
|
|
4.9%
|
Load
factor
|
84.9%
|
|
84.6%
|
|
0.3 pts.
|
Average length of
haul
|
1,006
|
|
1,019
|
|
(1.3)%
|
Trips
flown
|
115,837
|
|
112,266
|
|
3.2%
|
|
|
|
|
|
|
|
YEAR-TO-DATE
|
|
2017
|
|
2016
|
|
Change
|
Revenue passengers
carried
|
86,668,224
|
|
82,564,316
|
|
5.0%
|
Enplaned
passengers
|
105,323,230
|
|
100,657,455
|
|
4.6%
|
Revenue passenger
miles (000s)
|
87,361,958
|
|
83,493,201
|
|
4.6%
|
Available seat miles
(000s)
|
104,313,463
|
|
99,577,670
|
|
4.8%
|
Load
factor
|
83.7%
|
|
83.8%
|
|
(0.1) pts.
|
Average length of
haul
|
1,008
|
|
1,011
|
|
(0.3)%
|
Trips
flown
|
906,324
|
|
875,874
|
|
3.5%
|
SW-T
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SOURCE Southwest Airlines Co.