Southwest Airlines' September traffic, load factor fall
Southwest Airlines reported disappointing traffic numbers for September. Revenue Passenger Miles declined 4.5% year over year to 9.5b in the month. Meanwhile Available Seat Miles decreased 1.6% to 11.61b. Load factor decreased 250 basis points (bps) to 81.7% in September. The key metric fell since the contraction in traffic was more than that in capacity leading to empty planes. On a year-to-date basis, Southwest Airlines witnessed a 3.7% rise in RPMs to 96.85b. Also, ASMs grew 4.1% to 115.92b. As a result, the load factor decreased 40 bps to 83.5%. Additionally, passenger count in the first 9 months of 2017 rose 3.8% to 117.25b. The company’s Q3 results, scheduled to be revealed Oct 26, are expected to be hurt due to the recent hurricanes (Harvey, Irma and Maria) and the earthquake in Mexico. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-10/unaligned/southwest-airlines-september-traffic-load-factor-fall
https://portal.staralliance.com/cms/logo.png
Southwest Airlines' September traffic, load factor fall
Southwest Airlines reported disappointing traffic numbers for September. Revenue Passenger Miles declined 4.5% year over year to 9.5b in the month. Meanwhile Available Seat Miles decreased 1.6% to 11.61b. Load factor decreased 250 basis points (bps) to 81.7% in September. The key metric fell since the contraction in traffic was more than that in capacity leading to empty planes. On a year-to-date basis, Southwest Airlines witnessed a 3.7% rise in RPMs to 96.85b. Also, ASMs grew 4.1% to 115.92b. As a result, the load factor decreased 40 bps to 83.5%. Additionally, passenger count in the first 9 months of 2017 rose 3.8% to 117.25b. The company’s Q3 results, scheduled to be revealed Oct 26, are expected to be hurt due to the recent hurricanes (Harvey, Irma and Maria) and the earthquake in Mexico. <br/>
