Southwest Airlines files 4.7% more miles in April YoY

Southwest Airlines Co. (NYSE: LUV) 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, the company said.

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.