Oil is down. Airline traffic is up. But holy shit Southwest Airlines is down almost 9.5%.
Today the company reported its November and Year-to-Year preliminary traffic data.
The Company flew 9.7 billion revenue passenger miles (RPMs) in November 2015, a 13.9 percent increase from the 8.6 billion RPMs flown in November 2014. Available seat miles (ASMs) increased 9.7 percent to 11.7 billion in November 2015, compared with the November 2014 level of 10.7 billion. The November 2015 load factor was a record for the month of November at 83.2 percent, compared with 80.1 percent in November 2014. Based on these results and current trends, the Company estimates its fourth quarter 2015 operating revenue per ASM (RASM) will be approximately flat to down 1.0 percent, compared with fourth quarter 2014. – PRNewswire
Southwest’s competitors: Delta ($DAL), American Airlines ($AAL), and JetBlue ($JBLU) are all down between 2-3% as well
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