Southwest Reports Record Q2 Profit

Southwest aircraft in Seattle

Southwest Airlines announced financial results for the second quarter of 2014.  The airline reported a record profit of $465 million for Q2 of the year, more than doubling with a 107.6% year-over-year increase from $224 million in the second quarter of 2013.

The airline’s revenue was $4.752 billion, a year-over-year increase of 8.5% from $4.380 billion in the same period last year.  Passenger revenue per available seat mile, or Prasm, increased by 9% year-over-year.

Passenger traffic in the second quarter also increased by 2.4%, up to 28.590 billion revenue passenger miles, or RPMs, from 27.930 billion in the second quarter of 2013.  Meanwhile, capacity decreased by 0.4% to 34.096 billion available seat miles, or ASMs, from 34.231 billion last year.

Passenger load factor in the second quarter increased by 2.3 percentage points, up to 83.9% from 81.6% in the same period last year.

(Photo: Accura Media Group)