Southwest sees growth in May unit revenues

Washington DC
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Southwest Airlines and its subsidiary AirTran Airways have reported a growth of 5% to 6% in passenger unit revenues as traffic falls in May.

Revenue passenger miles were down 2.6% year-on-year, says Southwest.

Capacity also decreased by 0.9%, resulting in a 1.4 percentage point fall in passenger load factor to 81.3%. Passenger numbers declined 1.1% to 9.59 million.

On a year-to-date basis, passenger traffic fell 1.1% and capacity rose 0.1%. The passenger load factor was down 0.9 percentage points to 78.7%.