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Southwest, AirTran Report Double-Digit Traffic Growth In May

DOW JONES NEWSWIRES Southwest Airlines Co. (LUV) said May traffic at its namesake airline rose 10.7% while its recently acquired AirTran posted a 10.1% traffic increase, adding strength to recent growth trends for the discount carriers. Southwest, the largest domestic U.S. airline by passenger numbers, closed its $1.4 billion takeover of discount carrier AirTran last month in a bid to expand its reach and capacity. Southwest has also revamped its frequent-flier program as it aims to transform itself from a discount carrier to a more diversified airline business. For May, Southwest estimated its passenger revenue per available seat mile rose 11% to 12% over the prior year, excluding AirTran. Capacity at the namesake carrier grew 3.9%, while load factor--the percentage of available seats filled--rose to 82.3% from 77.2%. AirTran's traffic figures also continued to pick up steam, while the company's vigorous capacity increases again meant planes weren't quite as full as a year earlier. AirTran's traffic growth represented the fourth-straight month of accelerating growth rates. Capacity rose 5.3%, while load factor rose to 84.5% from 80.8%. In early trading Tuesday, shares of Southwest rose 12 cents to $11.35. The stock is off 12% this year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Southwest Airlines (LUV)
DateTimeHeadline
06/23/201616:05:30Current Report Filing (8-k)
06/23/201614:36:00Southwest Airlines Revamps Aircraft Order Book
06/23/201613:00:00Southwest Airlines Cargo Flies High With Industry-Leading Awards
06/23/201607:55:00Pre-market Insights on Services Sector -- JetBlue Airways, Southwest...
06/22/201606:30:00Webcast Alert: Southwest Airlines Co. 2016 Investor Day
06/20/201611:23:00Southwest Airlines Wears Its Heart On Its Sleeve: Carrier Announces...
06/17/201617:09:00Webcast Alert: Southwest Airlines Co. 2016 Investor Day
06/16/201615:40:00Silver Airways, American Begin Selling Tickets to Cuba
06/13/201617:27:15Statement of Changes in Beneficial Ownership (4)
06/10/201612:40:00Six Airlines Get Cuba Route Rights
06/09/201617:57:36Statement of Changes in Beneficial Ownership (4)
06/09/201611:53:52Confidential Treatment Order (ct Order)
06/08/201609:58:31Current Report Filing (8-k)
06/08/201606:30:00Southwest Airlines Reports May Traffic
06/07/201611:16:00Southwest Airlines® Offers Domestic Fares Starting As Low As...
06/06/201612:50:00American Airlines to Move to Revenue-Based Frequent-Flier Program
06/05/201613:00:00Southwest Airlines Launches Service At Long Beach Airport, Bringing...
06/02/201618:09:07Statement of Changes in Beneficial Ownership (4)
06/02/201610:24:00Sharks Take Flight - Southwest Airlines Launches Shark Week-Themed...
06/01/201618:04:00Southwest Airlines Files Application To Offer Nonstop Service...

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