Southwest Airlines Shows Weaker Revenue Forecast
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DALLAS (AP) -- Southwest Airlines Co. is selling more tickets but may be cutting prices to do so.
Dallas-based Southwest said Tuesday that revenue for every seat flown one mile will be flat to down 1 percent in the fourth quarter compared with the same period last year. Just a month ago, the airline predicted a 1 percent increase.
The airline said that traffic jumped 13.9 percent in November compared with a year earlier, as passengers flew 9.7 billion miles. The average flight was 83.2 percent full, a record for November and an increase from 80.1 percent in November 2014.
Prices have been falling this year on some routes as airlines take advantage of cheap fuel to increase passenger-carrying capacity with new flights and larger planes.
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