Southwest Airlines Co.(NYSE: LUV) (the "Company") today reported its February and year-to-date preliminary traffic statistics. The Company flew 8.6 billion revenue passenger miles (RPMs) in February 2016, an increase of 13.5 percent from the 7.6 billion RPMs flown in February 2015. Available seat miles (ASMs) increased 14.7 percent to 10.9 billion in February 2016, compared with February 2015 ASMs of 9.5 billion. The February 2016 load factor was 79.0 percent, compared with 79.9 percent in February 2015. Based on these results and current trends, the Company continues to expect its first quarter 2016 operating revenue per ASM (RASM) to be in line with first quarter 2015.
This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com.
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. 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 Company's ability to timely and effectively maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iii) the impact of governmental regulations and other governmental actions related to the Company's operations; and (iv) 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.
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Southwest Airlines Co.
Preliminary Comparative Traffic Statistics
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FEBRUARY
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2016
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2015
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Change
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Revenue passengers carried
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8,761,811
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7,865,619
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11.4%
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Enplaned passengers
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10,590,896
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9,535,453
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11.1%
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Revenue passenger miles (000s)
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8,591,290
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7,572,150
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13.5%
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Available seat miles (000s)
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10,870,738
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9,474,563
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14.7%
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Load factor
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79.0%
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79.9%
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(0.9) pts.
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Average length of haul
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981
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963
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1.9%
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Trips flown
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97,824
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88,038
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11.1%
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YEAR-TO-DATE
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2016
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2015
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Change
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Revenue passengers carried
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17,658,852
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16,079,185
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9.8%
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Enplaned passengers
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21,515,002
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19,571,984
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9.9%
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Revenue passenger miles (000s)
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17,533,086
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15,620,359
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12.2%
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Available seat miles (000s)
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22,415,415
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20,183,856
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11.1%
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Load factor
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78.2%
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77.4%
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0.8 pts.
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Average length of haul
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993
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971
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2.3%
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Trips flown
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201,484
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187,807
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7.3%
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SW-T
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/southwest-airlines-reports-february-traffic-300232082.html
SOURCE Southwest Airlines Co.
