How Did Southwest Perform Operationally In November?
In October, Southwest Airlines (NYSE:LUV) suffered operationally on the back a tough Q3, hurt significantly by adverse weather conditions and heavy pricing pressures. That said, the company seems to have really bounced back last month, as is evident from the latest operational results.
In the month of November, the company grew its capacity by a notable 3.4% y-o-y, bringing the year to date capacity up by 3.5%. Furthermore, the airline managed to increase its occupancy rate by a significant 70 bps to come in at 85.8%. Passenger traffic grew at a steady pace of about 2.5% y-o-y, with year to date traffic touching 3.7%.
Based on these results and current trends, the Company continues to expect its fourth quarter 2017 operating revenue per ASM (RASM) to increase slightly to 1.5%, in comparison to the Q4 2016.
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Southwest Airlines
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