Southwest's November load factor fell as capacity growth outpaced traffic's rise
Southwest Airlines Co. (LUV) reported Friday November load factor that declined to 84.5% from 85.8% a year ago, as seat supply growth outpaced the rise in traffic. Capacity increased 6.5% to 13.40 billion available seat miles while traffic rose 4.9% to 11.33 billion revenue passenger miles. Year-to-date load factor was 83.6%, down from 84.0% the same period last year, as capacity growth of 3.8% topped the 3.3% rise in traffic. The stock edged up 0.1% in premarket trade. It has lost 18.1% this year, while the NYSE Arca Airline Index has shed 10.3% and the S&P 500 has gained 0.8%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 07, 2018 06:46 ET (11:46 GMT)
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