Southwest Airlines reports 8% increase in September 2016 traffic

Southwest Airlines Co. (NYSE: LUV) has reported it flew 9.9 billion revenue passenger miles (RPMs) in September 2016, compared to 9.2 billion RPMs flown in in September 2015, an increase of 7.9 percent, the company said.

Available seat miles (ASMs) increased 6.0 percent to 11.8 billion in September 2016, compared with September 2015 ASMs of 11.1 billion. The September 2016 load factor was at 84.2 percent, compared with 82.7 percent in September 2015. The company said it estimates its third quarter 2016 operating revenue per ASM (RASM) will decline in the 3.5 to 4.5 percent range, as compared with third quarter 2015, with approximately 0.5 point of the decline resulting from the company´s July 2016 technology outage.

Year-to-date, Southwest reported it flew 92.7 billion revenue passenger miles, compared to 87.8 billion RPMs flown in in 2015, an increase of 5.6 percent.

Available seat miles (ASMs) increased 5.9 percent year-to-date to 111.3 billion, compared with ASMs of 105.2 billion in the same period of 2015. The 2016 year-to-date load factor was at 83.9 percent, compared with 83.5 percent in the same period of 2015, an increase of 0.8 pts.

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 Cuba expected to begin later this year, subject to governmental approvals.