Southwest Airlines reports record first quarter revenue in 2017

Southwest Airlines revenue up 1% - financial highlights for three months ended 31-Mar-2017:

• Total operating revenue: USD4883 million, +1.2% year-on-year;
• Total operating costs: USD4225 million, +8.8%;
• Labour: USD1733 million, +12.6%;
• Fuel: USD922 million, +8.2%;
• Operating profit: USD658 million, -30.3%;
• Net profit: USD351 million, -31.6%;
• Revenue passengers: 29.5 million, +3.3%;
• Enplaned passengers: 35.6 million, +2.7%;
• Passenger load factor: 79.9%, -0.6ppt;
• Yield: USD 15.08 cents, -2.6%;
• Revenue per ASM: USD 13.30 cents, -2.8%;
• Passenger revenue per ASM: USD 12.06 cents, -3.3%;
• Cost per ASM: USD 11.51 cents, +4.5%;
• Cost per ASM excl fuel: USD 9.00 cents, +4.8%;
• Average aircraft stage length: 758 miles, +0.1%;
• Total assets: USD23,763 million;
• Cash and cash equivalents: USD1851 million;
• Total liabilities: USD15,559 million. [more - original PR] [more - original PR - 8K]