08-May-2012 11:26 AM
Southwest Airlines Monthly Traffic Report Apr-2012
Direct News Source
Southwest Airlines Co.'s LUV +1.98% April traffic fell 2.1% from a year earlier, marking the second-straight month of year-over-year declines.
The largest U.S. domestic carrier had steadily booked rising traffic for much of last year with help from its acquisition of low-cost rival AirTran.
The airline said its April load factor, or the percentage of seats filled, slipped to 79.8% from 79.9% a year ago, while capacity declined 1.9%.
Southwest estimated its passenger revenue per available seat mile--a closely watched measure of performance for the industry--rose 7% to 8% from last year.