Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its June, second quarter, and year-to-date preliminary traffic statistics.
The Company flew 11.9 billion revenue passenger miles (RPMs) in June 2017, an increase of 3.7 percent from the 11.5 billion RPMs flown in June 2016. Available seat miles (ASMs) increased 3.8 percent to 13.6 billion in June 2017, compared with June 2016 ASMs of 13.1 billion. The June 2017 load factor was 87.4 percent, which was comparable to the record June 2016 performance. Based on these results, the Company continues to estimate its second quarter 2017 operating revenue per ASM (RASM) will increase in the one to two percent range, as compared with second quarter 2016.