Southwest Airlines Co. (NYSE: LUV) has reported its December, fourth quarter, and total year 2017 preliminary traffic statistics, the company said.
The company flew 10.7 billion revenue passenger miles (RPMs) in December 2017, an increase of 2.6 percent from the 10.4 billion RPMs flown in December 2016. Available seat miles (ASMs) increased 1.8 percent to 12.9 billion in December 2017, compared with December 2016 ASMs of 12.6 billion. The December 2017 load factor was a record for the month of December at 83.3 percent, compared with 82.6 percent in December 2016. Based on these results, the company continues to estimate its fourth quarter 2017 operating revenue per ASM (RASM) will increase in the one to two percent range, as compared with fourth 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. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers. In addition, the company operates Southwest.com, an Internet Website that enables customers to purchase and manage travel online; and Swabiz.com, a business travel reservation Web page. Southwest Airlines Co. was founded in 1967 and is headquartered in Dallas, Texas.