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Source: Southwest Airlines
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09/01/2018
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Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its December, fourth quarter, and total year 2017 preliminary traffic statistics.
The Company flew 10.7 billion revenue passenger miles (RPMs) in December 2017, an increase of 2.6 percent from the 10.4 billion RPMs flown in December 2016. Available seat miles (ASMs) increased 1.8 percent to 12.9 billion in December 2017, compared with December 2016 ASMs of 12.6 billion. The December 2017 load factor was a record for the month of December at 83.3 percent, compared with 82.6 percent in December 2016. Based on these results, the Company continues to estimate its fourth quarter 2017 operating revenue per ASM (RASM) will increase in the one to two percent range, as compared with fourth quarter 2016.
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. Specific forward-looking statements include, without limitation, statements related to the Company's expected results of operations for fourth quarter 2017. These statements involve 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, the Company's customary quarterly close and review procedures and any resulting adjustments.
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Southwest Airlines Co. |
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DECEMBER |
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2017 |
2016 |
Change |
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Revenue passengers carried |
11,077,369 |
10,561,159 |
4.9% |
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Enplaned passengers |
13,344,173 |
12,845,248 |
3.9% |
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Revenue passenger miles (000s) |
10,713,293 |
10,445,407 |
2.6% |
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Available seat miles (000s) |
12,868,065 |
12,645,787 |
1.8% |
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Load factor |
83.3% |
82.6% |
0.7 pts. |
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Average length of haul |
967 |
989 |
(2.2)% |
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Trips flown |
113,451 |
111,765 |
1.5% |
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FOURTH QUARTER |
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2017 |
2016 |
Change |
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Revenue passengers carried |
33,695,001 |
32,006,767 |
5.3% |
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Enplaned passengers |
40,428,884 |
38,779,938 |
4.3% |
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Revenue passenger miles (000s) |
32,189,839 |
31,366,176 |
2.6% |
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Available seat miles (000s) |
37,886,814 |
37,147,109 |
2.0% |
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Load factor |
85.0% |
84.4% |
0.6 pts. |
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Average length of haul |
955 |
980 |
(2.6)% |
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Trips flown |
337,190 |
329,740 |
2.3% |
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TOTAL YEAR |
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2017 |
2016 |
Change |
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Revenue passengers carried |
130,256,190 |
124,719,765 |
4.4% |
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Enplaned passengers |
157,677,218 |
151,740,357 |
3.9% |
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Revenue passenger miles (000s) |
129,041,420 |
124,797,986 |
3.4% |
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Available seat miles (000s) |
153,811,072 |
148,522,051 |
3.6% |
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Load factor |
83.9% |
84.0% |
(0.1) pts. |
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Average length of haul |
991 |
1,001 |
(1.0)% |
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Trips flown |
1,347,893 |
1,311,149 |
2.8% |
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SW-T
