Southwest Airlines revenue passenger miles up 8% YoY

Southwest Airlines Co. (NYSE: LUV) said it flew 11.5 billion revenue passenger miles (RPMs) in July 2015, an 8.2 percent increase from the 10.6 billion RPMs flown in July 2014.

Available seat miles (ASMs) increased 7.0 percent to 13.1 billion in July 2015, compared with the July 2014 level of 12.3 billion. The July 2015 load factor was an all-time record 87.7 percent, compared with 86.7 percent in July 2014. Based on these results and current trends, the company estimates its third quarter 2015 operating revenue per ASM (RASM) will decrease approximately 1.0 percent, compared with third quarter 2014.

For the first seven months of 2015, the company flew 68.2 billion RPMs, compared with 63.4 billion RPMs flown for the same period in 2014, an increase of 7.6 percent. Year-to-date ASMs increased 6.6 percent to a level of 81.9 billion, compared with the 76.8 billion for the same period in 2014. The year-to-date load factor was 83.3 percent, compared with 82.5 percent for the same period in 2014.