Southwest Reports 2014 Results

By Jesse Sokolow on 22 January 2015
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DSC_0493Southwest Airlines announced operational results for fourth quarter 2014, as well as for the year.

In the fourth quarter, the carrier’s traffic, measured in revenue passenger miles, or RPMs, increased 4.3%, up to 26.77 billion RPMs from 25.65 billion RPMs in Q4 of 2013.  Capacity, measured in available seat miles, or ASMs, increased 2.4% to 32.65 billion ASMs, up from 31.89 billion ASMs the previous year.

Load factor for the airline went up 82% in the fourth quarter, and increase of 1.6 percentage points from 80.4% in Q4 2013.

For the full year, Southwest’s total traffic was 108.04 billion RPMs, a 3.5% increase from 104.34 billion in 2013.  The carrier’s capacity for the year was 131 billion ASMs, up 0.5% from 130.34 billion the previous year.  Meanwhile, the airline’s load factor also increased, up 2.4 percentage points to 82.5% from 80.1% in 2013.

The company’s passenger revenue per available seat mile or PRASM, usually referred as ‘unit revenue’ rose 2 percent from last year.

(Photo: Accura Media Group)

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