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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
08/03/201518:26:22Statement of Changes in Beneficial Ownership (4)
08/03/201516:24:11Current Report Filing (8-k)
07/31/201512:50:42Securities Registration: Employee Benefit Plan (s-8)
07/31/201512:33:32Quarterly Report (10-q)
07/30/201514:32:00Southwest Airlines Declares 156th Consecutive Quarterly Dividend
07/30/201508:30:00Southwest Airlines Board Of Directors Elects Ron Ricks As Vice...
07/24/201516:10:20Southwest Flight Attendants Widely Reject Labor Agreement
07/24/201516:00:43Southwest Flight Attendants Widely Rejected Tentative Labor Agreement
07/24/201515:39:00Southwest Flight Attendants Reject Tentative Agreement
07/24/201511:20:11U.S. Transportation Dept. Probes Airline Price Gouging Concerns
07/23/201519:30:32United, Southwest Post Record Profits
07/23/201510:03:43Current Report Filing (8-k)
07/23/201508:40:22Southwest Airlines Earnings Up, Helped by Lower Fuel Prices
07/23/201507:00:00Chase and Southwest Airlines Renewal Cleared for Takeoff
07/22/201508:30:00Webcast Alert: Southwest Airlines to Discuss Second Quarter 2015...
07/21/201509:00:00Southwest Airlines® Offers Fares Starting As Low As $97 One-Way...
07/16/201517:18:00Webcast Alert: Southwest Airlines to Discuss Second Quarter 2015...
07/14/201518:02:02Southwest, American, Delta, and United Hit With a Frivolous Class...
07/13/201519:40:11Spirit Says June Storms Hurt Results
07/10/201513:00:00Southwest Airlines Now Hiring 650 Customer Service Representatives

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