Southwest Airlines annual report
September 24th, 2017 at 8:35:50 PM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | I am going to update the original post to include 2016 Southwest has improved their financial position incredibly over the 2010-2015. Buoyed by higher prices and lower fuel prices they have increased their operating income from an average of $15 per flight to $39 per flight. But it dropped to $32 in 2016. By retiring their older planes they have managed to bump the average number of seats per trip up by 13 in five years. From original post
Updated to include 2016 and 2 quarters of 2017 and to include Average Passenger Fare Number of trips for 2017 is simply double the number of trips for first 6 months.
Southwest has had the "Average Passenger Fare" drop for two straight years in 2015 and 2016. Average passenger fare (2010 -> 2006) ........ $130.27 $114.61 $119.16 $106.60 $104.40 I think the main point is that Southwest is no longer the pioneer it once was. Their purchase of AirTran 6.5 years ago has been followed by consolidation, efficiency improvements, and above all benefiting from the decreased cost of fuel. Millions of trips Southwest per year 1.31 2016 1.27 2015 1.26 2014 1.31 2013 1.36 2012 1.32 2011 May 2, 2011, Southwest Airlines closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc. 1.11 2010 1.13 2009 1.19 2008 1.16 2007 1.09 2006 1.03 2005 0.98 2004 0.95 2003 0.95 2002 0.94 2001 0.90 2000 0.85 1999 0.81 1998 0.79 1997 0.75 1996 0.69 1995 0.62 1994 0.55 1993 0.44 1992 0.38 1991 0.34 1990 0.30 1989 0.09 1980 0.02 1975 The huge break in fuel costs has mostly been turned into operating income. Now, I can't really begrudge a company from maturing and trying to increase profits, but I repeat the original question:Is there room for competition? Should we permit Interjet or even VivaAerobus and Volaris to operate in the USA? Younger, hungrier companies can pursue new point to point routes. |