BRIEF: Southwest Airlines passenger loads set October record

Fri. November 06, 2009; Posted: 03:42 PM

Nov 05, 2009 (The Dallas Morning News - McClatchy-Tribune Information Services via COMTEX) -- LUV | Quote | Chart | News | PowerRating -- Southwest Airlines Co. said Thursday it filled 79.2 percent of its seats in October, easily setting a record for its best October load factor in the carrier's history.

The October average loads beat Southwest's previous best of 72.2 percent, set in 1996. The 2009 figure was 8.8 points higher than the 70.4 percent load factor of October 2008.

The jump in loads were the result of more traffic and fewer seats offered compared to the same month last year.

The Dallas-based carrier reported that its traffic increased 1.9 percent last month compared to October 2008, with a 9.4 percent decline in capacity.

Southwest said its unit revenues, or revenues per available seat mile, increased about 1 percent in October compared to a year earlier. By comparison, Continental Airlines Inc. estimated Monday that its unit revenues was down 15 to 16 percent last month, and US Airways Inc. said it expects its October unit revenues fell 9 percent.

On Wednesday, American Airlines Inc. said its load factor climbed 4 percentage points to 83.1 percent in October, with traffic down 2.6 percent and capacity off 7.3 percent from a year earlier.

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For full details on Southwest Airlines Co (LUV) click here. Southwest Airlines Co (LUV) has Short Term PowerRatings of 9. Details on Southwest Airlines Co (LUV) Short Term PowerRatings is available at This Link.

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