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.

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).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

See More Books

Question Posted: Sep 25, 2020 07:32 AM

See More Questions

Southwest Airlines Co. (LUV) reported the following data (in millions) for a recent year. Southwest refers to its utilization rates as "passenger load factor." 1. Compute the passenger load factor...
Southwest Airlines Co. (LUV) reported the following data (in millions) for a recent year: Sales................................................$19,820 Operating...
1. Suppose you have been asked to write a report for Southwest Airlines discussing and displaying their share of the U.S. airline market. In your research, you are able to obtain from the Bureau of...
Do laws provide a complete guide to ethical behavior? Can an activity be legal but not ethical?
A rectangular room measures x feet by y feet, where x < y. The ceiling is c feet high. The walls and the ceiling will be painted the same color. a. Express the area of the smaller wall and the larger...
We want to develop a supervisory program for entry-level employees who have recently been promoted to a supervisory provision. How should we categorize and organize the basic supervisory principles...
12. Let KT = S0erT . Compute Pr(ST KT ) for a variety of T s from 0.25 to 25 years. How do the probabilities behave? How do you reconcile your answer with the fact that both call and put prices...
First American Bank is trying to determine whether it should install one or two drive-through teller windows. The following probability distributions for arrival intervals and service times have been...
Shown below is the adjusted Trial Balance for Simon Incorporated on December 31, after the first year of operations, arter Time left 1:22:11 adjusting entries: Simon, Incorporated Adjusted Trial...
A manufacturer of disposable washcloths/wipes told a retailer that sales for this product category closely correlated with sales of disposable diapers. The retailer thought he would check this out...
Delta Air Lines (DAL) reported the following data (in millions) for three recent years. Delta refers to its utilization rates as passenger load factor. 1. Compute the passenger load factor...
Childrens Hospital of the Kings Daughters Health System in Norfolk, Virginia, introduced a new budgeting method that allowed the hospitals annual plan to be updated for changes in actual operations....
Your company is considering two mutually exclusive projects, J and K, whose costs and cash flows are shown below: The projects are equally risky, and their cost of capital is 12%. You must make a...
14. (3 points) Using our model of the egg and vinegar (part one), what is the causal account in this model? Refer to your model and work through the components and relationships that cause this...
D. Rewrite the following statements from an "I Approach" to a "You Approach". (5 marks) 1. We have not received your signed invoice so we cannot process payment. 2. I need to know what type of model...
AP Precalculus Unit 1 Study Guide: Polynomials Name: Date: 19. The graph of an ODD function is given for the interval -6x0. Use the properties of odd functions to sketch the graph of the function on...
Step 1 of 5: Determine the lower class boundary for the second class. Scores on a Test Class Frequency 30-47 11 48-65 14 66-83 11 84-101 9 102-119 12
Write a 1,500-2,000-word evaluation paper using the following instructions to complete this assignment. Go to the FBI Uniform Crime Reporting Program website (See link in the Class Resources). Search...
Predict the ground-state electron configurations of Mg, Sr, and Ba.
Q1) What is the a3 Value Q2) What is the a7 Value Q3) What is the a4 Value Q4) What is the b3 Value Q5) What is the b2 Value Q6) What is the sign of 2nd constraint? A pastry chef at a bakery wants to...
Based on the data presented in Exercise 4-22, illustrate the effects on the accounts and financial statements of Bitone Co. for (a) The purchase, (b) The return of the merchandise for credit, and (c)...
Iverson Inc.s perpetual inventory records indicate that $675,150 of merchandise should be on hand on December 31, 2010. The physical inventory indicates that $649,780 of merchandise is actually on...
The following selected accounts and their current balances appear in the ledger of Case-It Co. for the fiscal year ended November 30, 2010: Instructions1. Prepare a multiple-step income statement.2....
When preparing government-wide financial statements, the modified accrual based governments funds are adjusted. Please show the adjustments (in journal entry form with debits and credits) that would...
I need help finding the callable price and call value
On 31 October 2022, the owner took goods for his son as a birthday gift. The cost price of the goods was R15 000

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

Students also viewed these Business questions