Southwest Airlines – LUV – Reports June Traffic
Southwest Airlines Co. (NYSE: LUV) reported June 2012 consolidated traffic results for Southwest Airlines and AirTran. AirTran became a wholly-owned subsidiary of Southwest Airlines Co. (“the Company”) on May 2, 2011. For purposes of comparability, second quarter 2011 and year-to-date 2011 traffic results presented in the accompanying tables include the combined results of Southwest Airlines and AirTran for periods prior to the acquisition date.
The Company flew 9.6 billion revenue passenger miles (RPMs) in June 2012, which was comparable to the RPMs flown in June 2011. Available seat miles (ASMs) decreased 0.7 percent to 11.4 billion from 11.5 billion ASMs in June 2011. The June 2012 load factor was 84.4 percent, compared to 83.9 percent in June 2011. For June 2012, passenger revenue per ASM (PRASM) is estimated to have increased approximately six percent as compared to June 2011.
For the second quarter of 2012, LUV flew 27.2 billion RPMs, compared to 27.6 billion combined RPMs flown in the same period in 2011, a decrease of 1.6 percent. Second quarter 2012 ASMs decreased 1.2 percent to 33.2 billion from the combined ASMs of 33.6 billion for the same period in 2011. The second quarter 2012 load factor was 81.9 percent, compared to the combined load factor of 82.2 percent for the same period in 2011.
For the first half of 2012, LUV flew 50.9 billion RPMs, compared to 51.4 billion combined RPMs flown in the same period in 2011, a decrease of 0.9 percent. The year-to-date 2012 ASMs were 63.9 billion, which was comparable to the combined ASMs for the same period in 2011. The year-to-date 2012 load factor was 79.7 percent, compared to the combined load factor of 80.4 percent for the same period in 2011.
About Southwest Airlines Co. – LUV
Southwest Airlines Co. (LUV) operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States. As of December 31, 2011, the Company was serving 72 cities in 37 states throughout the United States. During the year ended December 31, 2011, the Company added addition services in two new states and three new cities: Charleston, South Carolina; Greenville-Spartanburg, South Carolina; and Newark, New Jersey. Southwest provides point-to-point. On May 2, 2011, the Company acquired AirTran Holdings, Inc. (AirTran).
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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