Southwest Airlines won US Bankruptcy Court approval to purchase ATA Airlines' 14 slots at New York LaGuardia for $7.5 million (ATWOnline, Nov. 20), Bloomberg News reported. Sale will be finalized when ATA's bankruptcy plan is approved. SWA currently flies to Chicago Midway, Baltimore, Las Vegas and five Florida destinations from Long Island Islip. SWA flew 5.26 billion RPMs in November, down 8.3% year-over-year. Capacity rose 0.4% to 8.33 billion ASMs, dropping load factor 6.1 points to 63.2%.
Subscribe to Access this Entire Article
"Southwest gains approval for LaGuardia slot purchase" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
