Southwest Airlines revenue up 30.6% in 2Q2011

Southwest Airlines revenue up 30.6% - financial highlights for the 3 months ended Jun-2011:

• Revenue: USD4136 million, +30.6% year-on-year;
• Operating costs: USD3929 million, +40.1%;
  • Fuel: USD1,527 million, +63.7%;
• Operating incom: USD207 million, -43%;
• Net income: USD161 million, +43.8%;
• Passenger numbers: 27.1 million, +18.5% year-on-year;
• Load factor: 82.3%, +3.0 ppts;
• Passenger revenue yield per RPM: USD14.97 cents, +0.3%;
• PRASM: USD12.32 cents, +4.1%;
• CASM: USD12.49 cents, +13.4%. [more]

Southwest:"Given the pessimistic near-term outlook for fuel prices and the US economy, we have re-evaluated our capacity plans. We trimmed our 2012 winter schedule, which began to coordinate the Southwest and AirTran networks. We have reduced our planned 2012 capacity to be equal to or less than our 2011 combined available seat miles. We will be aggressive in our efforts to optimize our combined networks and redeploy capacity more profitably. The Company expects its 2011 combined available seat miles to grow in the four to five percent range as compared to its 2010 combined capacity," Chairman of the Board, President, and Chief Executive Officer, Gary C. Kelly. Source: Company statement, 04-Aug-2011.