Southwest PRASM down 4-5% in April

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Southwest Airlines estimates its passenger revenue per available seat mile (PRASM) decreased by 4% to 5% in April compared with the same period one year earlier.

Passenger traffic, measured in revenue passenger miles, rose 1.5% year-on-year during the month while available seat miles grew 4.1%, resulting in a two percentage point decrease in load factor to 77.8%.

Southwest's revenue passenger numbers declined 0.2% to 9.27 million passengers in April.