Southwest Airlines flew 5.24 billion RPMs in May, up 12% over the year-ago period. Capacity rose 14.3% to 7.24 billion ASMs and load factor declined 1.5 points to 72.4%. For the five months ended May 31, RPMs increased 10% to 23.29 billion, ASMs grew 11.6% to 34.44 billion and load factor dropped 1 point to 67.6%.

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