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Southwest Airlines Reports May Traffic

Tuesday, June 9, 2015 23:37

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(Before It's News)

DALLAS, TEXAS – June 9, 2015 – Southwest Airlines Co (NYSE:LUV) announced today that the Company flew 10.2 billion revenue passenger miles (RPMs) in May 2015, an 8.5 percent increase from the 9.4 billion RPMs flown in May 2014.

Available seat miles (ASMs) increased 7.6 percent to 12.1 billion in May 2015, compared with the May 2014 level of 11.2 billion.

The May 2015 load factor was a record 84.4 percent, compared with 83.7 percent in May 2014. For May 2015, passenger revenue per ASM (PRASM) is estimated to have decreased approximately 6.0 percent, compared with May 2014.

Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, “Solid traffic and revenue trends continued in May, and we remain on track to produce record second quarter profits, excluding special items. We continue to be pleased with the performance of our markets under development, which represents approximately twenty percent of our network. Dallas Love Field, in particular, continues to exceed our expectations, including the additional markets added in April 2015. Considering recent weakness in close-in revenue passenger yields, an estimated two to three point impact from our year-over-year growth in stage length and seat gauge, and difficult comparisons to last year’s strong second quarter performance, we currently estimate our second quarter 2015 PRASM will decline in the four to five percent range, compared with second quarter 2014. We have taken steps this week to begin pulling down our second half 2015 ASMs to manage our 2015 capacity growth, year-over-year, to approximately seven percent. With weaker than expected economic growth, we continue to evaluate our 2016 capacity plans with a current intent to cap our ASM growth to approximately six percent, year-over-year.”

For the first five months of 2015, the Company flew 46.0 billion RPMs, compared with 42.7 billion RPMs flown for the same period in 2014, an increase of 7.7 percent. Year-to-date ASMs increased 6.5 percent to a level of 56.3 billion, compared with the 52.9 billion for the same period in 2014. The year-to-date load factor was 81.6 percent, compared with 80.7 percent for the same period in 2014.

This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com.

Southwest Airlines Co.
Preliminary Comparative Traffic Statistics



MAY
	2015		2014		Change
Revenue passengers carried	10,294,774		9,686,239		6.3%
Enplaned passengers	12,565,830		11,933,623		5.3%
Revenue passenger miles (000s)	10,202,485		9,404,596		8.5%
Available seat miles (000s)	12,088,512		11,235,662		7.6%
Load factor	84.4	%	83.7	%	0.7 pts.
Average length of haul	991		971		2.1%
Trips flown	108,693		109,257		(0.5)%



YEAR-TO-DATE
	2015		2014		Change
Revenue passengers carried	46,723,734		44,142,298		5.8%
Enplaned passengers	56,860,740		54,088,928		5.1%
Revenue passenger miles (000s)	45,961,807		42,678,377		7.7%
Available seat miles (000s)	56,297,657		52,877,898		6.5%
Load factor	81.6	%	80.7	%	0.9 pts.
Average length of haul	984		967		1.8%
Trips flown	512,841		517,223		(0.8)%

Southwest Airlines Co (NYSE:LUV) operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets.

The Company serves around 93 destinations in 40 states and runs international services to Montego Bay, Nassau, Oranjestad, Cabo San Lucas/Los Cabos, Cancun, Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products, such as Business Select, Fly By Priority Lanes and SWABIZ. Its Website, southwest.com, enables purchasing and managing travel online.

It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In, Pets Are Welcome on Southwest (P.A.W.S.) products, Automated Outbound Messaging (AOM) service and southwest.com/rebook.

Investor Contact:
Southwest Airlines Investor Relations
214-792-4415

Media Contact:
Southwest Airlines Media Relations
214-792-4847
[email protected]