Southwest Airlines Co. (NYSE: LUV) has reported its May and year-to-date preliminary traffic statistics, the company said.
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.
Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2016, the company operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. Southwest Airlines Co. was founded in 1967 and is headquartered in Dallas, Texas.