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| 8-K - FORM 8-K SEPTEMBER 2016 TRAFFIC RELEASE - SOUTHWEST AIRLINES CO | traffic8k092016cover.htm |
SOUTHWEST AIRLINES REPORTS SEPTEMBER TRAFFIC
DALLAS, TEXAS – October 11, 2016 – Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its September, third quarter, and year-to-date preliminary traffic statistics.
The Company flew 9.9 billion revenue passenger miles (RPMs) in September 2016, an increase of 7.9 percent from the 9.2 billion RPMs flown in September 2015. Available seat miles (ASMs) increased 6.0 percent to 11.8 billion in September 2016, compared with September 2015 ASMs of 11.1 billion. The September 2016 load factor was a record for the month of September at 84.2 percent, compared with 82.7 percent in September 2015. The Company continues to estimate its third quarter 2016 operating revenue per ASM (RASM) will decline in the 3.5 to 4.5 percent range, as compared with third quarter 2015*, with approximately 0.5 point of the decline resulting from the Company's July 2016 technology outage.
This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com.
Investor Contact:
Southwest Airlines Investor Relations
214-792-4415
Media Contact:
Southwest Airlines Media Relations
214-792-4847
swamedia@wnco.com
/more
Southwest Airlines Co.
Preliminary Comparative Traffic Statistics
SEPTEMBER | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 10,148,682 | 9,421,347 | 7.7% | ||
Enplaned passengers | 12,302,964 | 11,536,417 | 6.6% | ||
Revenue passenger miles (000s) | 9,938,610 | 9,206,955 | 7.9% | ||
Available seat miles (000s) | 11,797,272 | 11,133,628 | 6.0% | ||
Load factor | 84.2% | 82.7% | 1.5 pts. | ||
Average length of haul | 979 | 977 | 0.2% | ||
Trips flown | 105,535 | 101,467 | 4.0% | ||
THIRD QUARTER | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 31,768,550 | 30,559,019 | 4.0% | ||
Enplaned passengers | 38,852,737 | 37,765,903 | 2.9% | ||
Revenue passenger miles (000s) | 32,315,952 | 31,052,660 | 4.1% | ||
Available seat miles (000s) | 37,881,510 | 36,360,340 | 4.2% | ||
Load factor | 85.3% | 85.4% | (0.1) pts. | ||
Average length of haul | 1,017 | 1,016 | 0.1% | ||
Trips flown | 332,420 | 325,301 | 2.2% | ||
YEAR-TO-DATE | |||||
2016 | 2015 | Change | |||
Revenue passengers carried | 92,712,998 | 87,802,757 | 5.6% | ||
Enplaned passengers | 112,960,419 | 107,535,145 | 5.0% | ||
Revenue passenger miles (000s) | 93,431,810 | 87,771,907 | 6.4% | ||
Available seat miles (000s) | 111,374,942 | 105,133,835 | 5.9% | ||
Load factor | 83.9% | 83.5% | 0.4 pts. | ||
Average length of haul | 1,008 | 1,000 | 0.8% | ||
Trips flown | 981,409 | 948,180 | 3.5% | ||
*Operating revenues used in the calculation of third quarter 2015 RASM exclude a $172 million one-time non-cash special revenue adjustment as shown in the following reconciliation. Additional information regarding the special revenue adjustment is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015. | |||
Three months ended | |||
(in millions) | September 30, 2015 | ||
Operating Revenues, as reported | $ | 5,318 | |
Deduct: Special revenue adjustment | (172 | ) | |
Operating Revenues, Non-GAAP | $ | 5,146 | |
***
SW-T