CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
HAPPENING TODAY: Join KRLD from 10a-7p in Downtown Carrollton as our Your Hometown Tour continues!

Local

Key Revenue Measure Up At Southwest Airlines

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

494849761 10 Key Revenue Measure Up At Southwest AirlinesCelebrating National Underwear Day

465887719 Key Revenue Measure Up At Southwest AirlinesFacebook Users – Beware The App!

 alt=JLo Shows Off Her Best Assets In New Cover

904255 10 Key Revenue Measure Up At Southwest AirlinesRemembering Robin Williams

 alt=Musicians Then And Now

Fantasy_tile

VOTE: Best Coaches In American Sports

DALLAS (AP) - Passengers on Southwest Airlines Co. flew fewer miles in May, but a key measure of revenue rose in a sign that airlines are still benefiting from higher fares despite the weak economy.

Airlines calculate how much revenue they make for every mile flown by each seat in their fleet. The statistic is closely watched by analysts and investors as a sign of pricing power and travel demand.

Dallas-based Southwest said Thursday that the revenue figure rose by between 5 and 6 percent last month compared with May 2011.

Southwest has been cutting passenger-carrying capacity — down 0.9 percent in May — but because traffic fell faster than Southwest reduced flying, there were a few more empty seats. The figures included Southwest’s AirTran Airways subsidiary.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

View Comments
Follow

Get every new post delivered to your Inbox.

Join 42,313 other followers