on Thursday. Passenger revenue increased 2.1 percent to $4.9 million, and corporate sales “grew in line with capacity,” CFO Tammy Romo said during the company’s earnings call. Capacity increased 7 percent, driven largely by Southwest’s
continued growth from Dallas Love Field, and traffic increased 7.9 percent. Southwest’s load factor increased 0.7 percentage points to 84.6 percent. The average passenger fare dipped 3.4 percent to $157.51, and passenger revenue per available seat mile declined 4.6 percent. Cost per available seat mile declined 11.1 percent, owing largely to lower fuel costs.