Southwest Airlines Reports June Traffic Fell 0.1% YoY

Southwest Airlines Co. LUV today reported June 2012 consolidated traffic results for Southwest Airlines and AirTran. AirTran became a wholly-owned subsidiary of Southwest Airlines Co. ("the Company") on May 2, 2011. For purposes of comparability, second quarter 2011 and year-to-date 2011 traffic results presented in the accompanying tables include the combined results of Southwest Airlines and AirTran for periods prior to the acquisition date. The Company flew 9.6 billion revenue passenger miles (RPMs) in June 2012, which was comparable to the RPMs flown in June 2011. Available seat miles (ASMs) decreased 0.7 percent to 11.4 billion from 11.5 billion ASMs in June 2011. The June 2012 load factor was 84.4 percent, compared to 83.9 percent in June 2011. For June 2012, passenger revenue per ASM (PRASM) is estimated to have increased approximately six percent as compared to June 2011. For the second quarter of 2012, the Company flew 27.2 billion RPMs, compared to 27.6 billion combined RPMs flown in the same period in 2011, a decrease of 1.6 percent. Second quarter 2012 ASMs decreased 1.2 percent to 33.2 billion from the combined ASMs of 33.6 billion for the same period in 2011. The second quarter 2012 load factor was 81.9 percent, compared to the combined load factor of 82.2 percent for the same period in 2011.