DALLAS, Aug. 10, 2016
/PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the
"Company") today reported its July and year-to-date preliminary
traffic statistics.
The Company flew 11.7 billion revenue passenger miles (RPMs) in
July 2016, an increase of 1.4 percent
from the 11.5 billion RPMs flown in July
2015. Available seat miles (ASMs) increased 2.3 percent to
13.4 billion in July 2016, compared
with July 2015 ASMs of 13.1 billion.
The July 2016 load factor was 86.9
percent, compared with 87.7 percent in July
2015.
The significant delays and cancellation of over 2,000 flights
due to the Company's technology outage on July 20, 2016 resulted in an approximate 0.5 point unfavorable
year-over-year impact to third
quarter 2016 operating revenue per available seat mile (RASM). As a
result, the Company now expects its third quarter 2016 RASM to
decline, year-over-year, in the 3.5 percent to 4.5 percent range,
versus its previous guidance of a year-over-year decline in the 3.0
percent to 4.0 percent range. The Company has also revised its
third quarter 2016 cost outlook to reflect the impact from the
technology outage. Third quarter 2016 operating expense per
available seat mile (CASM), excluding fuel and oil expense, special
items, and profitsharing expense, is now estimated to increase in
the 3.0 percent to 4.0 percent range1, as compared with
third quarter 2015.
This release, as well as past news releases about Southwest
Airlines Co., is available online at Southwest.com.
1Projected results do not reflect the potential
impact of special items, or fuel and oil expenses and profitsharing
expenses, and the tax effect of all such items because the Company
cannot reliably predict or estimate those items or expenses or
their impact to its financial statements. Accordingly, a
reconciliation of non-GAAP financial measures to the equivalent
GAAP financial measures for projected results is not available
without unreasonable effort.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended. Specific forward-looking statements include, without
limitation, statements related to the Company's financial outlook
and projected results of operations, including specific factors
expected to impact the Company's results of operations. These
statements involve risks, uncertainties, 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, (i) changes in demand for the
Company's services and other changes in consumer behavior; (ii) the
impact of economic conditions, fuel prices, actions of competitors,
and other factors beyond the Company's control, on the Company's
business; (iii) the Company's ability to timely and effectively
maintain the necessary information technology systems and
infrastructure to support its operations and initiatives; (iv) the
impact of governmental regulations and other governmental actions
related to the Company's operations; (v) the impact of labor
matters on the Company's business; and (vi) other factors, as
described in the Company's filings with the Securities and Exchange
Commission, including the detailed factors discussed under the
heading "Risk Factors" in the Company's Annual Report on Form 10-K
for the fiscal year ended December 31,
2015.
Southwest Airlines
Co.
Preliminary
Comparative Traffic Statistics
|
|
|
|
|
|
|
JULY
|
|
2016
|
|
2015
|
|
Change
|
Revenue passengers
carried
|
11,112,682
|
|
11,042,296
|
|
0.6%
|
Enplaned
passengers
|
13,630,005
|
|
13,628,493
|
|
—%
|
Revenue passenger
miles (000s)
|
11,665,756
|
|
11,503,195
|
|
1.4%
|
Available seat miles
(000s)
|
13,419,118
|
|
13,120,858
|
|
2.3%
|
Load
factor
|
86.9%
|
|
87.7%
|
|
(0.8) pts.
|
Average length of
haul
|
1,050
|
|
1,042
|
|
0.8%
|
Trips
flown
|
114,619
|
|
115,017
|
|
(0.3)%
|
|
|
|
|
|
|
|
YEAR-TO-DATE
|
|
2016
|
|
2015
|
|
Change
|
Revenue passengers
carried
|
72,057,130
|
|
68,286,034
|
|
5.5%
|
Enplaned
passengers
|
87,737,687
|
|
83,397,735
|
|
5.2%
|
Revenue passenger
miles (000s)
|
72,781,613
|
|
68,222,442
|
|
6.7%
|
Available seat miles
(000s)
|
86,912,549
|
|
81,894,353
|
|
6.1%
|
Load
factor
|
83.7%
|
|
83.3%
|
|
0.4 pts.
|
Average length of
haul
|
1,010
|
|
999
|
|
1.1%
|
Trips
flown
|
763,608
|
|
737,896
|
|
3.5%
|
SW-T
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visit:http://www.prnewswire.com/news-releases/southwest-airlines-reports-july-traffic-300311613.html
SOURCE Southwest Airlines Co.