Southwest Airlines capacity increase outpaces traffic

|About: Southwest Airlines Co. (LUV)|By:, SA News Editor

Southwest Airlines (NYSE:LUV) reports revenue passenger miles increased 3.2% in March to 11.293B.

Capacity was up 4.5% to 13.436B available seat miles.

March load factor -50 bps to 84.1%.

YTD load factor -60 bps to 79.9%.

The company estimates Q1 revenue per available seat mile fell 2% to 3%. Southwest adds that Q2 booking and unit revenue trends are strong.