Southwest Airlines Reports May Traffic

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DALLAS, June 7, 2017 /PRNewswire/ -- Southwest Airlines Co. LUV (the "Company") today reported its May and year-to-date preliminary traffic statistics.

The Company flew 11.2 billion revenue passenger miles (RPMs) in May 2017, an increase of 3.4 percent from the 10.9 billion RPMs flown in May 2016. Available seat miles (ASMs) increased 4.0 percent to 13.2 billion in May 2017, compared with May 2016 ASMs of 12.6 billion. The May 2017 load factor was 85.4 percent, compared with 85.8 percent in May 2016. Based on these results and current trends, the Company continues to expect its second quarter 2017 operating revenue per ASM (RASM) to increase in the one to two percent range, as compared with second quarter 2016.

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 forward-looking statements are based on the Company's current intent, expectations, and projections and are not guarantees of future performance. 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 implement, transition, and 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 Company's dependence on third parties; (vi) the impact of labor matters on the Company's business; and (vii) 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, 2016.

Southwest Airlines Co.

Preliminary Comparative Traffic Statistics









MAY


2017


2016


Change

Revenue passengers carried

11,269,941


10,880,898


3.6%

Enplaned passengers

13,706,047


13,248,940


3.5%

Revenue passenger miles (000s)

11,232,347


10,859,110


3.4%

Available seat miles (000s)

13,157,810


12,649,853


4.0%

Load factor

85.4%


85.8%


(0.4) pts.

Average length of haul

997


998


(0.1)%

Trips flown

115,703


111,802


3.5%








YEAR-TO-DATE


2017


2016


Change

Revenue passengers carried

51,902,833


49,825,259


4.2%

Enplaned passengers

62,745,062


60,483,593


3.7%

Revenue passenger miles (000s)

51,803,372


49,626,054


4.4%

Available seat miles (000s)

63,227,506


60,343,735


4.8%

Load factor

81.9%


82.2%


(0.3) pts.

Average length of haul

998


996


0.2%

Trips flown

552,018


535,558


3.1%


SW-T

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/southwest-airlines-reports-may-traffic-300469912.html

SOURCE Southwest Airlines Co.

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