Posted: Jul 10, 2014 4:21 AM
Updated: Jul 10, 2014 4:21 AM
DALLAS (AP) Southwest Airlines Co. says a key revenue figure rose sharply in June, which hints the carrier was able to charge higher average fares at the start of the summer travel season.
Dallas-based Southwest, which also operates AirTran Airways, said Wednesday that passenger revenue for every seat flown one mile jumped by 7 percent to 8 percent last month, compared with June 2013. For the April-June quarter, the figure grew more than 8 percent.
Southwest says traffic rose 2.2 percent, as passengers flew 10.07 billion miles last month. That outstripped an increase of 0.9 percent in capacity, resulting in fuller planes. The average flight was 86.1 percent full, compared with 85 percent in June 2013.