Southwest Capacity Will Increase Only 5%
Reuters
Southwest Airlines said the drop-off in flying due to recession and the Sept. 11 terrorist attacks would trim its capacity growth to around 5% this year after a 13% gain in 2000.
Chief Executive Jim Parker said Southwest’s capacity in 2002, as measured by available seat miles, probably would not increase by the carrier’s past benchmark of at least 8% a year.
Shares of Dallas-based Southwest closed down 31 cents to $18.84 on the NYSE.
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