Southwest Airlines reports July 2016 traffic results

During July 2016, Southwest Airlines carried 11,112,682 passengers, a 0.6% increase on the 11,042,296 carried during July 2015.
With a 1.4% increase in revenue passenger miles (RPMs) to 11,665,756,000 from 11,503,195,000 year-over-year against a 2.3% growth in available seat miles to 13,419,118,000 from 13,120,858,000, the carrier’s load factor for July 2016 has decreased by 0.8 percentage points to 86.9% from 87.7% for the same month the previous year.
Southwest has carried 72,057,130 during the year-to-date, an increase of 5.5% compared to 68,286,034 at the same point in 2015.
With a 6.7% increase in RPMs to 72,781,613,000 for the year-to-date against 68,222,442,000 for the year-to-date in 2015, and a 6.1% rise in ASMs to 86,912,549,000 from 81,894,353,000 across the same respective periods, the carrier’s load factor has increased by 0.4 percentage points to 83.7%.
Elsewhere, Southwest estimates significant delays and cancellations due to its technology outage on 20 July 2016 have resulted in an approximate 0.5 percentage point unfavourable year-over-year impact to the third quarter 2016 operating revenue per available seat mile (RASM).
As a result, the airline now expects its third quarter 2016 (3Q16) RASM to decline, year-over-year, in the 3.5% to 4.5% range, versus its previous guidance of a year-over-year decline in the 3-4% range.
Southwest’s 3Q16 operating expense per available seat mile (CASM), excluding fuel and oil expense, special items, and profit-sharing expense, is now estimated to increase in the 3-4% range, as compared with 3Q15.

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