logo
  Join        Login             Stock Quote

Southwest Airlines (LUV) December Traffic Declines 0.2%

 January 08, 2013 12:05 PM
 


(By Balaseshan) Southwest Airlines Co. (NYSE: LUV) reported marginal decrease in combined traffic and load factor for the month of December for Southwest Airlines and AirTran, due to a decrease in passengers and trips flown.

Consolidated revenue passenger miles, or traffic, declined 0.2% to 8.17 billion, while capacity measured in terms of available seat miles rose 0.2% to 10.479 billion. Load factor declined 0.4 percentage points to 78.0%.

Revenue passengers carried for the month of December fell 3.7% to 8.610 million, while enplaned passengers decreased 2.5% to 10.64 million.

Average length of haul for December increased 3.6% to 949 from 916, while trips flown fell 5.4% to 108,789.

[Related -Why Growth Is Deep In The Heart Of Texas]

For December 2012, passenger revenue per ASM (PRASM) is estimated to have been comparable to December 2011.

For the fourth quarter of 2012, traffic fell 1.4% to 24.82 billion while capacity declined 0.3% to 31.19 billion. Load factor decreased 0.9 percentage points to 79.6%.

Revenue passengers carried for the fourth quarter declined 3.4% to 26.607 million, while enplaned passengers decreased 2.4% to 32.70 million. Average length of haul for the quarter increased 2.1% to 927, while trips flown fell 4.7% to 327,590.

For the full year of 2012, traffic fell 1% to 102.87 billion while capacity declined 0.3% to 128.14 billion. Load factor decreased 0.5 percentage points to 80.3%.

Revenue passengers carried for the full year declined 0.7% to 109.35 million, while enplaned passengers fell 1% to 133.98 million. Average length of haul decreased 0.2% to 941, while trips flown fell 2.7% to 1.36 million.

[Related -How To Supply Your Portfolio With Outperforming Stocks]

LUV is trading up 2.02% at $11.13 on Tuesday. The stock has been trading between $7.76 and $11.27 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageReversals After a Gap on the Open Could Mean Anything

Yesterday stock indexes gapped up on the open but then reversed course to close sharply lower. This type of read on...

article imageJobless Claims Fall To 15-Year Low

After reading today’s weekly update on jobless claims the Fed’s comment yesterday that “economic activity read on...

article imageGreece, EMU and Democracy

One more post on Greece, possibly not the last read on...

article imageA Tangled Tale Of Rate Hikes & Inflation Expectations

The Federal Reserve continues to signal that it will start raising interest rates later this year, read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.