Want to see LUV full AI Analyst Report?
Passenger Load Factor
Represents the percentage of available seating capacity that is filled with passengers, showing how well the airline is filling its flights.Load factor recovered strongly from 2020 and has largely stabilized in the high‑70s to low‑80s, with clear seasonal peaks in summer and troughs in Q1. The 2022 midyear peak marks the high-water mark, followed by a modest downshift and steadier but more volatile quarters. Notably, Q1 weakness in 2025–26 is deeper than prior years, suggesting softer off‑peak demand (or incremental capacity) that could pressure yields—so management’s capacity discipline and fare strategy will determine whether margins follow the mid‑year strength or remain capped by weaker winters.
Date | Passenger Load Factor |
|---|---|
Jun 30, 2026 | 79.30 |
Mar 31, 2026 | 74.10 |
Dec 31, 2025 | 77.20 |
Sep 30, 2025 | 79.80 |
Jun 30, 2025 | 78.50 |
Mar 31, 2025 | 73.90 |
Dec 31, 2024 | 79.20 |
Sep 30, 2024 | 81.20 |
Jun 30, 2024 | 82.60 |
Mar 31, 2024 | 78.30 |