CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header


Revenue Figure Up At Southwest Airlines

Get Breaking News First

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

From Our CBS Music Web Sites

dl image Revenue Figure Up At Southwest AirlinesClick To Win A Disney World Vacation

jacks music match up 1982 Revenue Figure Up At Southwest AirlinesPick The Best Song From 1982

grand in your hand11 Revenue Figure Up At Southwest AirlinesWin A Grand In Your Hand

155742164 Revenue Figure Up At Southwest AirlinesPick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

DALLAS (AP) - Passenger flew fewer miles on Southwest Airlines Co. in August but they paid more per mile than a year ago.

The company, which also owns AirTran Airways, said Monday that passenger revenue for every seat flown one mile rose 4 percent compared with August 2012. That follows an increase of 4 percent to 5 percent for July.

The figure is a closely watched statistic in the airline business, and it rises when airlines are able to charge higher average fares either by raising prices or selling fewer tickets at discounted sale prices.

Last week, Delta and US Airways reported similar increases in the revenue figure. Helane Becker, an analyst for Cowen and Co., said the trend was due to strong demand and more late bookings — travelers who buy tickets on short notice usually pay higher fares.

Southwest said that traffic dropped 2 percent, as passengers flew 9.17 billion miles last month, down from 9.36 billion miles in August 2012.

Southwest and AirTran added seats, however, with capacity rising 1.4 percent. Part of that increase came from longer average trips — up 4.8 percent, to 1,007 miles.

Because traffic dropped and capacity increased, the average flight was less full. Occupancy averaged 81.3 percent last month, down from 84.2 percent in August 2012.

In the first eight months of the year, traffic has inched up by 0.8 percent, capacity has expanded by 1.6 percent, and the average flight has been 80.3 percent full, down from 80.9 percent in the same period last year.

Shares of Dallas-based Southwest rose 7 cents to $13.17 in midday trading Monday. They are down 9.5 percent from their high of $14.56 set on May 21. Over the past 52 weeks, they traded as low as $8.68 last October.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: