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 This material may not be published, broadcast, rewritten or redistributed.)
Also Check Out:
- 13-Year-Old Arrested For Murder Of Missing 5-Year-Old
- DPS Reaches Settlement In Roadside Cavity Search Lawsuit
- Local Mugshots
- Tick Bite Causes Potentially-Deadly Allergic Reaction To Meat
- Deputy Killed, Officer Injured In Hood County Shootout
MOST VIEWED GALLERIES