DALLAS, TX – Southwest Airlines Co today reported its April and year-to-date preliminary traffic statistics.
The Company flew 10.4 billion revenue passenger miles (RPMs) in April 2016, an increase of 4.7 percent from the 9.9 billion RPMs flown in April 2015. Available seat miles (ASMs) increased 4.3 percent to 12.4 billion in April 2016, compared with April 2015 ASMs of 11.9 billion. The April 2016 load factor was a record for the month of April at 83.4 percent, compared with 83.1 percent in April 2015. Based on these results and current trends, the Company continues to expect a modest increase in its second quarter 2016 operating revenue per ASM (RASM) as compared with second quarter 2015.
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.
Southwest Airlines Co.
Preliminary Comparative Traffic Statistics
2016 2015 Change
Revenue passengers carried 10,340,882 9,985,964 3.6%
Enplaned passengers 12,606,212 12,195,952 3.4%
Revenue passenger miles (000s) 10,358,780 9,898,455 4.7%
Available seat miles (000s) 12,425,733 11,911,680 4.3%
Load factor 83.4% 83.1% 0.3 pts.
Average length of haul 1,002 991 1.1%
Trips flown 109,219 107,578 1.5%
2016 2015 Change
Revenue passengers carried 38,944,361 36,428,960 6.9%
Enplaned passengers 47,234,653 44,294,910 6.6%
Revenue passenger miles (000s) 38,766,944 35,759,322 8.4%
Available seat miles (000s) 47,693,882 44,209,145 7.9%
Load factor 81.3% 80.9% 0.4 pts.
Average length of haul 995 982 1.3%
Trips flown 423,756 404,148 4.9%