Thursday, November 4, 2010

“US Airways Reports Record October Load Factor”

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“US Airways Reports Record October Load Factor”


US Airways Reports Record October Load Factor

Posted: 03 Nov 2010 06:13 AM PDT

TEMPE, Ariz.--(BUSINESS WIRE)--US Airways Group, Inc. (NYSE:LCC) today announced October and year-to-date 2010 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.0 billion, up 6.9 percent versus October 2009. Mainline capacity was 6.0 billion available seat miles (ASMs), up 5.6 percent versus October 2009. Mainline passenger load factor was 83.6 percent, a record for the month of October and up 1.0 point versus October 2009.

"Our October consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 7 percent versus the same period last year while total revenue per available seat mile also increased approximately 7 percent on a year-over-year basis."

US Airways President Scott Kirby said, "Our October consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 7 percent versus the same period last year while total revenue per available seat mile also increased approximately 7 percent on a year-over-year basis."

For the month, US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation (DOT) was 84.0 percent with a record October completion factor of 99.4 percent.

The following summarizes US Airways Group's traffic results for the month and year-to-date ended October 31, 2010 and 2009, consisting of mainline operated flights as well as US Airways Express flights operated by wholly owned subsidiaries PSA Airlines and Piedmont Airlines.

US Airways Mainline        
 
OCTOBER
2010 2009 % Change
 
Mainline Revenue Passenger Miles (000)
Domestic 3,790,273 3,696,455 2.5
Atlantic 900,203 786,008 14.5
Latin 298,285 185,397 60.9
Total Mainline Revenue Passenger Miles 4,988,761 4,667,860 6.9
 
Mainline Available Seat Miles (000)
Domestic 4,524,424 4,458,467 1.5
Atlantic 1,084,993 956,664 13.4
Latin 357,784 236,438 51.3
Total Mainline Available Seat Miles 5,967,201 5,651,569 5.6
 
Mainline Load Factor (%)
Domestic 83.8 82.9 0.9 pts
Atlantic 83.0 82.2 0.8 pts
Latin 83.4 78.4 5.0 pts
Total Mainline Load Factor 83.6 82.6 1.0 pts
 
Mainline Enplanements
Domestic 4,056,778 3,850,715 5.4
Atlantic 218,866 195,877 11.7
Latin 219,583 156,270 40.5
Total Mainline Enplanements 4,495,227 4,202,862 7.0
 
YEAR TO DATE
2010 2009 % Change
 
Mainline Revenue Passenger Miles (000)
Domestic 36,712,146 37,427,705 (1.9 )
Atlantic 8,698,860 8,242,914 5.5
Latin 4,319,740 3,550,671 21.7
Total Mainline Revenue Passenger Miles 49,730,746 49,221,290 1.0
 
Mainline Available Seat Miles (000)
Domestic 43,980,412 44,585,404 (1.4 )
Atlantic 10,664,694 10,530,656 1.3
Latin 5,483,923 4,542,926 20.7
Total Mainline Available Seat Miles 60,129,029 59,658,986 0.8
 
Mainline Load Factor (%)
Domestic 83.5 83.9 (0.4 ) pts
Atlantic 81.6 78.3 3.3 pts
Latin 78.8 78.2 0.6 pts
Total Mainline Load Factor 82.7 82.5 0.2 pts
 
Mainline Enplanements
Domestic 37,973,687 38,129,642 (0.4 )
Atlantic 2,147,162 2,097,540 2.4
Latin 3,227,589 2,874,308 12.3
Total Mainline Enplanements 43,348,438 43,101,490 0.6
 
Notes:
1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2) Latin numbers include the Caribbean.
 
US Airways Express (Piedmont Airlines, PSA Airlines)
         
OCTOBER
2010 2009 % Change
 
Express Revenue Passenger Miles (000)
Domestic 213,124 193,361 10.2
 
Express Available Seat Miles (000)
Domestic 273,372 264,702 3.3
 
Express Load Factor (%)
Domestic 78.0 73.0 5.0 pts
 
Express Enplanements
Domestic 760,680 724,590 5.0
 
YEAR TO DATE
2010 2009 % Change
 
Express Revenue Passenger Miles (000)
Domestic 1,837,966 1,800,934 2.1
 
Express Available Seat Miles (000)
Domestic 2,584,158 2,642,026 (2.2 )
 
Express Load Factor (%)
Domestic 71.1 68.2 2.9 pts
 
Express Enplanements
Domestic 6,648,632 6,674,092 (0.4 )
 
Notes:
1) Canada is included in domestic results.
 
Consolidated US Airways Group, Inc.
         
OCTOBER
2010 2009 % Change
 
Consolidated Revenue Passenger Miles (000)
Domestic 4,003,397 3,889,816 2.9
Atlantic 900,203 786,008 14.5
Latin 298,285 185,397 60.9
Total Consolidated Revenue Passenger Miles 5,201,885 4,861,221 7.0
 
Consolidated Available Seat Miles (000)
Domestic 4,797,796 4,723,169 1.6
Atlantic 1,084,993 956,664 13.4
Latin 357,784 236,438 51.3
Total Consolidated Available Seat Miles 6,240,573 5,916,271 5.5
 
Consolidated Load Factor (%)
Domestic 83.4 82.4 1.0 pts
Atlantic 83.0 82.2 0.8 pts
Latin 83.4 78.4 5.0 pts
Total Consolidated Load Factor 83.4 82.2 1.2 pts
 
Consolidated Enplanements
Domestic 4,817,458 4,575,305 5.3
Atlantic 218,866 195,877 11.7
Latin 219,583 156,270 40.5
Total Consolidated Enplanements 5,255,907 4,927,452 6.7
 
YEAR TO DATE
2010 2009 % Change
 
Consolidated Revenue Passenger Miles (000)
Domestic 38,550,112 39,228,639 (1.7 )
Atlantic 8,698,860 8,242,914 5.5
Latin 4,319,740 3,550,671 21.7
Total Consolidated Revenue Passenger Miles 51,568,712 51,022,224 1.1
 
Consolidated Available Seat Miles (000)
Domestic 46,564,570 47,227,430 (1.4 )
Atlantic 10,664,694 10,530,656 1.3
Latin 5,483,923 4,542,926 20.7
Total Consolidated Available Seat Miles 62,713,187 62,301,012 0.7
 
Consolidated Load Factor (%)
Domestic 82.8 83.1 (0.3 ) pts
Atlantic 81.6 78.3 3.3 pts
Latin 78.8 78.2 0.6 pts
Total Consolidated Load Factor 82.2 81.9 0.3 pts
 
Consolidated Enplanements
Domestic 44,622,319 44,803,734 (0.4 )
Atlantic 2,147,162 2,097,540 2.4
Latin 3,227,589 2,874,308 12.3
Total Consolidated Enplanements 49,997,070 49,775,582 0.4
 
Notes:

1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.

2) Latin numbers include the Caribbean.

About US Airways

US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,100 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 31,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers more than 21,000 daily flights to 1,160 airports in 181 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. For more company information, visit usairways.com. (LCCT)

Forward Looking Statements

Certain of the statements contained or referred to herein should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," and "continue" and similar terms used in connection with statements regarding, among others, the outlook, expected fuel costs, revenue and pricing environment, and expected financial performance and liquidity position of US Airways Group (the "Company"). Such statements include, but are not limited to, statements about future financial and operating results, the Company's plans, objectives, expectations and intentions, and other statements that are not historical facts. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties that could cause the Company's actual results and financial position to differ materially from these statements. Such risks and uncertainties include, but are not limited to, the following: the impact of significant operating losses in the future; downturns in economic conditions and their impact on passenger demand and related revenues; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the impact of the price and availability of fuel and significant disruptions in the supply of aircraft fuel; the Company's high level of fixed obligations and its ability to fund general corporate requirements, obtain additional financing and respond to competitive developments; any failure to comply with the liquidity covenants contained in the Company's financing arrangements; provisions in the Company's credit card processing and other commercial agreements that may affect its liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; the Company's inability to maintain labor costs at competitive levels; the Company's reliance on third party regional operators or third party service providers; the Company's reliance on automated systems and the impact of any failure or disruption of these systems; the impact of changes to the Company's business model; competitive practices in the industry, including the impact of industry consolidation; the loss of key personnel or the Company's ability to attract and retain qualified personnel; the impact of conflicts overseas or terrorist attacks, and the impact of ongoing security concerns; changes in government legislation and regulation; the Company's ability to operate and grow its route network; the impact of environmental laws and regulations; costs of ongoing data security compliance requirements and the impact of any data security breach; interruptions or disruptions in service at one or more of the Company's hub airports; the impact of any accident involving the Company's aircraft or the aircraft of its regional operators; delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity; the impact of weather conditions and seasonality of airline travel; the impact of possible future increases in insurance costs and disruptions to insurance markets; the impact of global events that affect travel behavior, such as an outbreak of a contagious disease; the impact of foreign currency exchange rate fluctuations; the Company's ability to use NOLs and certain other tax attributes; and other risks and uncertainties listed from time to time in the Company's reports to and filings with the SEC. There may be other factors not identified above of which the Company is not currently aware that may affect matters discussed in the forward-looking statements, and may also cause actual results to differ materially from those discussed. The Company assumes no obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law. Additional factors that may affect the future results of the Company are set forth in the section entitled "Risk Factors" in the Company's Report on Form 10-Q for the quarter ended September 30, 2010 and in the Company's other filings with the SEC, which are available at www.usairways.com.

-LCC-

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