Regarding revenue, the company said the passenger revenue per available seat mile (PRASM, an industry standard measure) rose about 1% year-over-year. Delta Air Lines Co. (NYSE: DAL) last week reported PRASM in November rose 2.5%, even though Hurricane Sandy cost the company $30 million in revenues and $25 million in profit for the month. United Continental Holdings Inc. (NYSE: UAL) has not yet released November traffic data.
Southwest’s total revenue passenger miles for the year to date come to 94.7 billion, down from 95.7 billion in 2011. Load factors are also down, from 81% a year ago to 80.5% this year, and available seat miles are down 0.3% year to date, although that metric rose 0.4% in November.
Southwest’s shares are down about 0.5% in early trading today, at $9.83 in a 52-week range of $7.76 to $10.05.
Paul Ausick
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.