Southwest Airlines expects modest increase in 2Q2016 RASM

Southwest Airlines stated (23-Jun-2016) it expects a modest year-over-year increase in 2Q2016 RASM. Based on current trends, the carrier also expects 2Q2016 and FY2016 unit costs to increase 2% and 1% year-over-year, respectively. Southwest project a 5% to 6% year-over-year increase in ASMs, but less than 2016's ASM growth in 2017 and 2018. [more - original PR]