Air- Southwest Airlines July revenue up 4-to-5 percent- kasa.com

Posted: August 9, 2013 in Uncategorized

Aug. 7, 2013

DALLAS (AP) — Southwest Airlines Co. said on Wednesday that a key measure of revenue rose as much as 5 percent in July, even though its flights weren’t quite as full as a year ago.

Southwest estimated that its passenger revenue for each seat carried one mile was up 4 percent to 5 percent for the month.

Traffic fell 0.7 percent. Southwest boosted its flying capacity by 0.6 percent by adding longer flights. Because it added capacity as traffic fell, occupancy on its planes fell 1.1 percentage points, to 83.5 percent.

The overall number of flights declined 4.7 percent, and the number of people Southwest carried fell 3.2 percent for the month.

For the first seven months of the year, traffic has risen 1.2 percent. Flying capacity is up 1.6 percent. Occupancy has fallen 0.4 percentage points, to 80.1 percent.

Shares of Southwest Airlines Co. slipped a penny to $13.83, as the broader markets declined in morning trading.

via Southwest Airlines July revenue up 4-to-5 percent | kasa.com.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s