Southwest Airlines reports 11.5bn RPMs in June 2016

Southwest Airlines Co. (NYSE: LUV) has reported it flew 11.5 billion revenue passenger miles (RPMs) in June 2016, an increase of 6.8 percent from 10.8 billion RPMs flown in June 2016, the company said.

Available seat miles (ASMs) increased 5.4 percent to 13.1 billion in June 2016, compared with June 2015 ASMs of 12.5 billion. The June 2016 load factor was 87.4 percent, compared with 86.2 percent in June 2015. The company continues to estimate its second quarter 2016 operating revenue per ASM (RASM) will increase less than 1.0 percent as compared with second quarter 2015.

Southwest Airlines operates passenger airlines that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2015, it operated 704 Boeing 737 aircraft. The company served 97 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 7 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, and Belize. The company was founded in 1967 and is headquartered in Dallas, Texas.