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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
05/25/201617:21:00Secretary Norman Y. Mineta Shares His Powerful Personal And Professional...
05/20/201617:43:22Statement of Changes in Beneficial Ownership (4)
05/20/201617:37:27Statement of Changes in Beneficial Ownership (4)
05/20/201617:34:25Statement of Changes in Beneficial Ownership (4)
05/20/201617:29:35Statement of Changes in Beneficial Ownership (4)
05/20/201617:26:32Statement of Changes in Beneficial Ownership (4)
05/20/201617:23:23Statement of Changes in Beneficial Ownership (4)
05/20/201617:20:11Statement of Changes in Beneficial Ownership (4)
05/20/201617:14:03Statement of Changes in Beneficial Ownership (4)
05/20/201616:59:20Statement of Changes in Beneficial Ownership (4)
05/20/201616:14:43Current Report Filing (8-k)
05/18/201613:00:00Southwest Raises Dividend, Approves Stock Repurchase
05/18/201611:10:00Southwest Airlines Returns Value To Shareholders
05/17/201611:06:59Statement of Changes in Beneficial Ownership (4)
05/17/201611:04:17Statement of Changes in Beneficial Ownership (4)
05/17/201611:01:42Statement of Changes in Beneficial Ownership (4)
05/17/201610:59:28Statement of Changes in Beneficial Ownership (4)
05/17/201610:56:51Statement of Changes in Beneficial Ownership (4)
05/17/201610:53:24Statement of Changes in Beneficial Ownership (4)
05/17/201610:50:37Statement of Changes in Beneficial Ownership (4)

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