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Passenger Load Factor
Shows the percentage of available seating capacity that is filled with passengers, reflecting efficiency in maximizing revenue from each flight.Passenger load factor has returned to pre‑COVID seasonality with strong summer peaks and a resilient baseline around the mid‑80s; management’s capacity discipline is keeping planes full, which helps explain guidance for low‑teens revenue growth on flat capacity. However, the recent >$2B jet‑fuel shock and rising nonfuel unit costs mean high load factors no longer guarantee margin expansion—if fuel persists or demand softens, tighter capacity may cap revenue upside and load factor would be the first lever to move, increasing execution risk to the margin recovery story.
Date | Passenger Load Factor |
|---|---|
Jun 30, 2026 | 85.00 |
Mar 31, 2026 | 82.00 |
Dec 31, 2025 | 82.00 |
Sep 30, 2025 | 86.00 |
Jun 30, 2025 | 86.00 |
Mar 31, 2025 | 81.00 |
Dec 31, 2024 | 84.00 |
Sep 30, 2024 | 87.00 |
Jun 30, 2024 | 87.00 |
Mar 31, 2024 | 83.00 |