Revenue Measure Down For Southwest Airlines
DALLAS (AP) – Southwest Airlines Co. flew more passengers in June but says customers continued to pay less per mile — a key revenue measure for the industry.
The Dallas-based company, which also operates AirTran Airways, said Tuesday that passenger revenue for every seat flown one mile fell about 1 percent last month, compared with June 2012. That follows a 2 percent decline in May and a 4 percent to 5 percent drop in April.
Passenger revenue per seat mile is considered a sign of pricing power.
Southwest increased passenger-carrying capacity 1.7 percent — partly by operating longer flights on average.
With traffic rising faster than capacity, the average flight was more full last month — 85 percent compared with 84.4 percent full a year earlier.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
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