Southwest 3Q2009 revenue down 7.8%, operating profit down 74%

Southwest revenue down 7.8% - financial highlights for the three months ended 30-Sep-2009:

• Operating revenue: USD2,666 million, -7.8% year-on-year;
• Operating costs: USD2,644 million, -5.7%;
  • Labour: USD909 million, +6.2%;
  • Fuel: 826 million, -21.4%;
• Operating profit: USD22 million, -74.4%;
• Net profit (loss): (USD16 million), compared to a loss of USD120 million in the previous corresponding period;
• Revenue passengers: 22.4 million, +0.6%;
• Enplaned passengers: 26.4 million, +2.8%;
• Load factor: 79.6%, +8.0 ppts;
• Average passenger fare: USD113.95, -8.4%;
• Passenger yield per RPM: USD 12.94 cents, -12.0%;
• Operating revenue per ASM: USD 10.76 cents, -2.2%;
• Cost per ASM: USD 10.67 cents, stable;
• Cost per ASM ex-fuel: USD 7.34 cents, +10.0%;
• Cash and cash equivalents: USD902 million, compared to a cash balance of USD1,368 million at the end of 31-Dec-2008. [more]