Southwest Airlines reports 5% increase in October RPMs

Southwest Airlines Co. (NYSE: LUV) has reported 10.5 billion revenue passenger miles (RPMs) in October 2016, an increase of 5.2 percent from 10.0 billion RPMs flown in October 2015, the company said.

Available seat miles (ASMs) increased 5.4 percent to 12.2 billion in October 2016, compared with October 2015 ASMs of 11.6 billion. The October 2016 load factor was 85.7 percent, compared with 85.9 percent in October 2015.

Based on these results and current trends, the company said it continues to expect its fourth quarter 2016 operating revenue per ASM (RASM) to decline in the 4.0 to 5.0 percent range, as compared with fourth quarter 2015.

Dallas-based Southwest Airlines operates more than 3,900 departures a day during peak travel season across a network of 98 destinations in the United States and seven additional countries with service to Varadero, Cuba beginning Nov. 13, 2016, and to Havana, Cuba, beginning Dec. 12, 2016, both routes subject to governmental approvals.