Southwest Airlines announces February traffic figures
Southwest Airlines reports that it flew 5.1 billion revenue passenger miles (RPMs) in February 2009, a 6.0% decrease from the 5.4 billion RPMs flown in February 2008. Available seat miles (ASMs) decreased by 6.5% to 7.4 billion from the February 2008 level of 7.9 billion.
The load factor for the month was 69.1%, compared to 68.6% for the same period last year. Passengers carried totalled 7,068,038, an 8.7% decrease from February 2008's figure of 7,744,620.
The airlines says that revenues softened in February compared to January, bringing the year-over-year increase in passenger unit revenues to the two percent range for the first two months of 2009. Business travel, in particular, softened significantly, as measured by a decline in the percentage of full-fare traffic. As a consequence of the continued deterioration in revenue and booking trends and the current economic environment, the company says its revenue outlook for the remainder of the year is more cautious.