Southwest Airlines Co. (LUV) reported the following data (in millions) for three recent years. Southwest refers to

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Southwest Airlines Co. (LUV) reported the following data (in millions) for three recent years.

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

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).

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Survey Of Accounting

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Question Posted: Sep 25, 2020 07:32 AM

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Southwest Airlines Co. (LUV) reported the following data (in millions) for three recent years. Southwest refers to

Question:

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

Step by Step Answer:

1 Year 3 839 129041 miles flown 153811 available seat miles Year 2 ...View the full answer

Survey Of Accounting

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