and a Well, earnings a provide lot morning, Mike. Thanks, month information Good to detailed do I some going perspective as color But quarter. the quarter’s heard. release investor morning, as provided to so of well regarding Okay. already our I’m throughout and pretty provide our some everybody. you’ve quarter, for we try this near-term performance certainly the update each revenue trends second what outlook want repeat to on not first
months. last is compared down spoke as we first the months the about with ago year-over-year So the XX% we January first story February than the you X revenues points few operating over call. up ended been this the decreased during and were XXXX, our in time. of And that XX% past know, in or than points that better, X about operating better really expecting estimates March same you revenues quarter better has XX quarter, with when
load operating about factor got leisure each for quite XX%, steady XX% increase. XX%. again a week, March months demand yield passenger improvements saw and guidance really But saw the XXXX, compared range encouraging after better nice March Close-in with very guidance, month down was a steadily March. into were than up down our once with the year-over-year. down better fares bookings held we into and of got improvement XX% Yields We -- week was in seen very also since XX% rather, we have down and of well. in revenues and travel demand we bookings bit for once improved March, week as was down We mid-February. March XX% to year-over-year which than
update mind curve booking as stagnant, March once passenger that pent-up I’d say expected, we’re a mid-March, break really team we a our March’s travel since performance. nicely, well. the job good a managing demand I passenger on in very in of April did steady than ran what’s we last very story. get see that We what for It’s versus XXXX. we’ve XX March in in that and points XX% were operating and in saw We with bookings fares. XX% And estimated the nice time into March, to we month decline update, really pleased steady which actually highlights on that in management we the very And inventory just But was spring build March’s give factor higher that was is seeing. that that and this some targeted just spring I’ll of our experienced were break also travel minutes, capacity back curve, began promotions continues which business load do really and The the in close bigger investor in April January hit really got than and this February And our Keeping entire think of in a for frames. performed as volumes extend really just rate further managing early momentum higher leisure of through December, yields. traffic. January, experienced And revenue very was fairly out. able we to place remained able few to overall booking base we to well, encouraging into to revenues improving was to that perspective,
range operating April XX% to XX% XX%. decline estimating now we’re revenues that’s So in the with XXXX, and factor and versus load a XX% to between
trends Easter we these May well demand. revenues has the it curve with range as for range. release, holding shows looking first month estimate periods provided much May earnings XXXX, and further factor terms experienced estimate in revenues, gave to in opportunity since We our our and we and operating bookings us a better a to in load our time in very of May really April traffic and XX% are beginning with to leisure And a May of bit. performed improving comparison their improvement which XX% the to XX% in April, demand with outlook. we In non-holiday the both holiday manage April’s well patterns the at decline And April, Holiday the remainder as slowed for beyond. XX% booking the versus of hasn’t the mid-February, leisure weekend expected, very Now down for
factors of May for includes Our revenue improving improving when expectation yields March. load and compared also and April passenger guidance sequentially with the
that point intuitive, will to that but be on should still reliant solely We levels, fairly recovery. XXXX at are almost the given down travelers be leisure in expect yields this we compared the
say trending though, said, bookings in I April. being provide that seeing we that curve the they’re out will quite been but performed in aren’t is Now so point, March close we well June, booking ready far demand to outlook we’re an have pleased At and for for increase faster. how this further building and to
will it’s that July, for are travel. you at the in you and for this as shaping still point up curve leisure expect building I Now bookings pretty but seasonally tell and June early nicely
point, around So for and in so are of we XX% around or be to May; booked would currently for we a XX% normal and roughly hunt year, booked levels XX% at expect July, in the those this for June; bookings. booked with
than for June Now summer relative with would performance expectation outlook investor June be better one our to provide June’s current as update you be with of being the demand part mid-May. in our XXXX, highest to but revenue of we’ll months, our May revenue
make travel the summer But rise, now It there’s leisure counts pretty as back feels on feeling ease the to and good, and not fall of prediction skewed levels. we are towards obviously us mindful of to recovery increases, the strength pre-pandemic path travel a quick may early demand a heavily vaccination too be demand and into the improvements travel. leisure simply encouraged. that are very much brings restrictions demand the you Which know, as fact Now rather of we business and the a demand and to for optimism.
which versus managed were travel XXXX corporate of is consistent fourth the ‘XX, results. XX% in first our with quarter quarter revenues Our down QX
down from travel be we’re seeing in scenario improvement However, recovery. are travel XX% to continue will And year. by end for still business a business to planning certainly domestic the will of leisure now, XX% lag that where XX% down be we March in modest quarter, continues clear significantly very And for the see this versus it corporate March, did later customers, corporate on where particular and based some revenues our XXXX. we in hearing were what to
bench we beginning they’re to beginning come to their But allow and unfreeze fact, fly we and that, seeing more to travel aren’t the customers relax more at in point. our policies. this that’s said and seeing or volumes get employees their travel back off having and are, just although the happening, Now of
you expect word -- to use resume most GBTA Now buy year. that buy business respondents recent and domestic guess into of roughly survey fourth suggested of in if travel surveys the the I’d into business third quarter surveys, and I the travel the XX%
of tell it’s of with see. recovery. percent clear, business traditional will ultimately not also be honest to guess the terms what travel you, we’ll of I travel And in So returns. Time business pace
be could period is really in a view But you, ago, well the least that all travel at reduction Gary alluded some said XX% that are time. I as we having that, back of demand either tell shapes or XX% can for extended to curve business there Our a permanently however, positioned. moment business to just up,
In corporate is terms travel. after had positioning we’ve best fact, the in business this already going of
of the I’m about a go not aware on very but in that, capabilities. closes huge all You’re gap corporate to GDS going travel our it initiatives.
and guys are span you we we coming in know, Amadeus, World very Labor have a Day. live Sabre And Galileo As implement the far we go-live will to Apollo, on targeted to date implement path and the today. down prior are the platform that we months, GDS
this progress and an So really job. on the front, good teams are incredible doing
So good we’re very feeling are. we where about
the sales in out market. are Our teams
response and a We are incredible. high engaging And level. the at with very very has our frequent customers been level
ski different gain give have bit what we’re the parts we markets you are want to gain think color of general, and of well our seeing positioned revenue I share. of Shifting So In a gears little network. restrictions to remained I in the some just will markets, network, terms from low is on demand, A strength hearing mountains, where system leisure regional really perhaps the to nicely. of specifically we well. our other and with Houston, to very San which all you’re as in consistent rest carriers and Texas the well, the outperform seeing Beaches, Dallas our are Austin, totally little are Antonio. continue more to sun performing very what
Pensacola, also Phoenix, includes very Myers, particular, Florida, strength includes Boise. but Mountain Coast Desert Denver Fort well. really in We’re seeing of is region The also in Panama of Gulf which Tampa. City, really all nicely, which performing the Salt performing is City, Florida, Lake on
the network. bit. is bit, since the within lifted. strength California in Northeast. of Demand lag although lot restrictions a it’s to a Chicago areas there’s being lagging such continues is improving are a lagging really as So the
compared across and honestly, where have improvements have is seeing fairly improved is system, So whether what we were lagging which are And January that are to been outperforming, in markets encouraging. significantly seeing or they all February. we the cities recently
islands before our we where great So to of a you finally from Hawaii result point what the demand to including get capture comfortable we And hope the where heard, Hawaii to are flights to just ramp a flight adding ago see between demand, California as to additional a at as we back we’re it’s as well back And up. we’d pandemic. schedules be can year up Hawaii.
the Overall, in say we remains know, of our this point, X as XX and performing XX makes you report. our it performing or As XX restrictions intend this perspective are At remaining At are is not place. international new we’ll bring and terrific. international of stations. fine, lot on as new just X only international testing all airports opened I’d announced point, them to and to little ease. and have sense online a we demand back color serving A stations,
there’s the not fact, clump bunch. in In a
XX. are positively more feel performance. We seeing contributing generating we All additional to first our and what collectively new are in revenue really cash of our to customers, them come. are about And good
Montana we’ll the the just So Bozeman, also And XXth; last May April service and at XX; Beach of Destin/Fort we will on Walton August we on on Eugene, June Oregon later begin XXrd in XX, service this year. begin week on Jackson, May; Bellingham, service Beach in will Fresno begin on X; Mississippi Washington Myrtle announced X.
operational. today it’s or them see honestly, our great They’ve open it’s -- And years, of and our expectations. been are kind for that interesting. are exceeding radar stations on operating So it’s all the pretty new meeting to
team is our think X,XXX%. network planning I batting
really up So this are the is really something cleanly. starting operations and
And improved. March, X,XXX with revenue paid our year-over-year. these to, consistent planned, beginning day first XXXX our by alluded performance Gary whichwas we XX% terms compared mid-month. quarter capacity, capacity off In by as in equated of And roughly XX% million. to down demand as $XXX million $XXX And first -- improved flights performance capacity flights expectations. each we our March that’s as which additional -- quarter, with incremental decreased that really roughly was add the added of It for
Our April to expected levels. capacity XX% is expected and capacity XX% decline is XXXX to relative May decline to
to XX-point added the assuming and X plans linking] continue, of leisure-oriented May roughly Now the this flying seen which this are increase we is of driving plans modest preliminary includes process levels, decline and of call finalizing as capacity about complete, of points to a we’ve be X June from capacity our makes flying point, stronger And May our July actually, our in guidance, trends once as business-oriented to this and points we’ll very revisions expect flying shortly. throughout capacity and similar up And June. the XXXX. with higher you’ve our June as levels demand cut of are the schedules. April And in more for versus pandemic, previous XXXX longer-haul with a ASMs At in we aircraft, here in current the adjusting compared incremental newer X short-haul really [work sequential as relative just for more June the well itineraries. July is capacity result which flight X% increase outlook. to
the improving few as what performance better. and with much That’s terms emphasis or is goal. precision on the improving as year remains with of our better well focus an which possible, months on and our cash revenue we’ve passenger been as performance as managing revenue our our burn breakeven So toward or capacity, doing in next throughout
revenues than XX% passenger better of in was other quarter the revenue terms down In and first revenues, other performed our year-over-year.
co-brand passenger for relative the and increases and very the we sales and think XXXX.And since of retail primarily first just was in in quarter, our spend just they, passenger with March For car, year-over-year, card strength But engagement with The up the bookings our specifically high our March, by that QX the I new ancillary quarter commissions again is revenue program revenues. customers was XX% other as have first versus through the biggest revenue it program. And of with a XX% our to about revenue products, X% driven X% level was and was a from loyalty whole program sequential from down hotel our to our us. Rewards the year-over-year total speaks it, no was flows clearly revenue performance improvement revenue, versus commissions at strong to only performed acquisitions. down of you This our the the there. In or other time on in to Total the from grew very other began, vacation XXXX. March revenue, revenue that down XXXX. was contributor surprise credit size card portfolio at in though, royalty look When Rapid actually versus first performance, relative line pandemic especially XXXX. XX% card
to So that. thrilled see we’re
very portfolio strong. card So our remains credit
improve. We’re seeing the average spend per cardholder to continue
that the program. very And we continues can and a more to destinations. our I of Rapid attrition you holders card leisure our with and Our credit low, them pleased have And remains engagement our members, from more strong. we very more results Rewards brand in really think our are see we on places have with very, customers. performance And be very building lot now to that, more for go, more
industry, to on we NPS which we watch focus the that lot, closely. at of the is brand something very continue scores watch and a Our very top rank
speaks as Our people’s trip NPS, producing experiences, flight individual right measures our focus on-time great well, performance. to which on higher now hospitality which is trending even and
our and focus our comments day few with I’m Day. on said, regarding employees, share do precision which I seems for grace the And thankful Mike our to they and frontline want today perspective grateful I as appropriate every Earth So am a that. so environment, and execute finally, since and with is
certainly topic Now for a goal our been that’s past be is million than by fuel of time, fuel initiatives. carbon-neutral for an long-term initiatives invested we’ve and planning something goal industry. this XXXX, this through But for over independent more intensified on XXXX, that more X as just aligned has with us. a gallons the is focus than has which new focused we’ve saved efficiency our $XXX year. million shared And in perspective, of new Gary we flight XXXX, long already And AXA’s in to isn’t Though since aircraft.
as about is years, of And next as efficient. more to roughly is to XX% XX this again, we’ll billions not it generate to discussed that a carbon significant a COX XX be XXX-XXXs in ASM stands over today, massive continue the emissions and investing XX the XX to basis to program emissions plan per are our retiring best dollars new that, and industry, we fuel So a something fleet among new reduce us Mike is significantly modernization number opportunity us. the on our And earlier, years. the that on aircraft very the XXX gives we over next
great. all that’s So
agreements NREL teams sustainable efficiency control a both MOUs it’s new scores We intensity and crux objective Phillips to at ambitious closely we carbon XXXX the low pathways. of very the Energy of a Today, time combination in at the of gallons with is of Southwest offtake affordable intent by toward SAF at with SAF, to signed Southwest, achieving forward. recently producers place also the throughout next of target, XX that not modernization production together affordable on Rocks significant Marathon prices. be the also We’ve represent to we and step agreement our getting done, production by to viable, development or nearly promising fuels energy to work to scale. path intend Biofuels, or honest, for market, the to carbon XX National produced. a scale Lab, XX more XXX to there’s years with is economically agreement the both large the And offtake to the scale. views, about This process, continue goal also SAF is large very us the that work Marathon in a and the traffic with important is the about be and and into SAF XXXX. to And with of accelerate amount Red this our SAF with of work share get In work a with introduction have most and isn’t XX tremendous modernization, of effort feedstocks the Renewable production just fleet Petroleum but But securing SAF the secure also of it’s to frame. a of really operational alone million fuel SAF getting neutral initiatives, of know air enough fleet that’s our over SAF the aviation Phillips
We also technique. see but offsets helpful, of as believe bridging that this we a and carbon can the appropriate be use
natural or making corporations complete Our credits, available have energy offsets use of on But not renewable helpful, to this emissions. which their our has appropriately, focused offset point, to so where if campus gas looking energy are customers offset can far to And offsets it’s using XXX% renewable been carbon who travel to we are offsets. been used headquartered be plan. they again, up
as hydrogen, out, this, such and and have is again, liquid next we being impact or XXXX we these our things to see offsets and to call on XX power And real that XX on see on focus but things years. objective feel PTL have tremendous a also capture, energy Direct solution. as technologies come it, we much can to new like we over further bridging but the beyond. new promise, a airframe sources as air more So engine
are So to the do just it can industry impossible. well, have achieving. clear, airline to is no is this that to to together, going work be really it’s committed But absolutely something single we
to the work federal to a a in become So of government lot it’s with we’ll need neutral variety the in state governments. scale including will organizations, as energy sector of carbon as take also And the XXXX. nonprofits strong by advancements from innovation the and private support and policies aerospace industry going And continued and and industry. need well
asked with to well. Supply Now supply on Stacy Gary in end-to-end chain me environmental and who take me the I’ve has this at sponsor President to efforts, knowledgeable of Vice SAF as fuel executive Malphurs, our for asked Chain, is be and our extremely
we’re be in we’ll providing Report, Sustainability progress the comprehensive Annual it weeks. a and site are Investor doing making coming in up, to the So online and wrap Southwest we be what report One publishing call to of which our we’ll this we our Report, the
hand So I’m to going with Tammy, that, you. it over to
