Southwest Airlines Co. (LUV) reported the following data (in millions) for three recent years. Southwest refers to
Question:
Southwest Airlines Co. (LUV) reported the following data (in millions) for three recent years.
Southwest refers to its utilization rates as “passenger load factor.”
1. Compute the passenger load factor (utilization rate) for each year.
2. Compute the passenger revenue per seat mile flown. Express in cents rounded to one decimal place.
3. Comment on (1) and (2).
Transcribed Image Text:
Year 3 Year 2 Year 1 Available seat miles 153,811 148,522 140,501 Passenger miles flown 129,041 124,798 117,500 Revenue $19,137 $18,595 $18,299
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1 Year 3 839 129041 miles flown 153811 available seat miles Year 2 ...View the full answer
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