Southwest Airlines operating profit down 43% in 3Q2016

Southwest Airlines revenue down 3% - financial highlights for three months ended 30-Sep-2016:

• Total operating revenue: USD5139 million, -3.4% year-on-year;
• Total operating costs: USD4444 million, +8.6%;
• • Labour: USD1909 million, +12.4%;
  • Fuel: USD941 million, +0.5%;
• Operating profit: USD695 million, -43.3%;
• Net profit: USD388 million, -33.6%;
• Revenue passengers: 31.8 million, +4.0%;
• Enplaned passengers: 38.9 million, +2.9%;
• Load factor: 85.3%, -0.1 ppt;
• Passenger yield: USD 14.45 cents, -4.9%;
• Revenue per ASM: USD 13.57 cents, -4.1;
• Passenger revenue per ASM: USD 12.32 cents, -5.0%;
• Cost per ASM: USD 11.73 cents, +4.2%;
• Cost per ASM excl fuel: USD 9.25 cents, +6.6%;
• Average stage length: 1017 miles, +0.1%;
• Total assets: USD23,045 million;
• Cash and cash equivalents: USD1966 million;
• Total liabilities: USD14,998 million. [more - original PR]