US Airways Reports Record October Load Factor
US Airways Group, Inc. (NYSE: LCC) today announced October and year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.9 billion, down 1.5 percent versus October 2010. Mainline capacity was 5.9 billion available seat miles (ASMs), down 1.7 percent versus October 2010.Mainline passenger load factor was a record 83.7 percent for the month of October, up 0.1 points versus October 2010.
US Airways' President Scott Kirby said, "Our October consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 10 percent versus the same period last year."
For the month of October, US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation was 85.3 percent with a completion factor of 99.5 percent.
The following summarizes US Airways Group's traffic results for the month and year-to-date ended October 31, 2011 and 2010, 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 2011 2010 Change Mainline Revenue Passenger Miles (000) Domestic 3,668,926 3,790,298 (3.2 ) % Atlantic 948,902 900,012 5.4 % Latin 294,301 298,285 (1.3 ) % Total Mainline Revenue Passenger Miles 4,912,129 4,988,595 (1.5 ) % Mainline Available Seat Miles (000) Domestic 4,328,154 4,524,418 (4.3 ) % Atlantic 1,170,632 1,084,993 7.9 % Latin 367,372 357,784 2.7 % Total Mainline Available Seat Miles 5,866,158 5,967,195 (1.7 ) % Mainline Load Factor (%) Domestic 84.8 83.8 1.0 pts Atlantic 81.1 83.0 (1.9 ) pts Latin 80.1 83.4 (3.3 ) pts Total Mainline Load Factor 83.7 83.6 0.1 pts Mainline Enplanements Domestic 3,956,213 4,050,091 (2.3 ) % Atlantic 231,945 223,452 3.8 % Latin 215,025 221,631 (3.0 ) % Total Mainline Enplanements 4,403,183 4,495,174 (2.0 ) % YEAR TO DATE 2011 2010 Change Mainline Revenue Passenger Miles (000) Domestic 37,642,421 36,712,171 2.5 % Atlantic 9,444,188 8,698,670 8.6 % Latin 4,126,060 4,319,740 (4.5 ) % Total Mainline Revenue Passenger Miles 51,212,669 49,730,581 3.0 % Mainline Available Seat Miles (000) Domestic 44,357,809 43,980,406 0.9 % Atlantic 11,654,895 10,664,694 9.3 % Latin 5,037,818 5,483,923 (8.1 ) % Total Mainline Available Seat Miles 61,050,522 60,129,023 1.5 % Mainline Load Factor (%) Domestic 84.9 83.5 1.4 pts Atlantic 81.0 81.6 (0.6 ) pts Latin 81.9 78.8 3.1 pts Total Mainline Load Factor 83.9 82.7 1.2 pts Mainline Enplanements Domestic 38,833,422 37,967,000 2.3 % Atlantic 2,328,282 2,151,748 8.2 % Latin 3,064,193 3,229,637 (5.1 ) % Total Mainline Enplanements 44,225,897 43,348,385 2.0 % 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 2011 2010 Change Express Revenue Passenger Miles (000) Domestic 202,188 213,120 (5.1 ) % Express Available Seat Miles (000) Domestic 265,474 273,372 (2.9 ) % Express Load Factor (%) Domestic 76.2 78.0 (1.8 ) pts Express Enplanements Domestic 697,314 760,674 (8.3 ) % YEAR TO DATE 2011 2010 Change Express Revenue Passenger Miles (000) Domestic 1,927,881 1,837,962 4.9 % Express Available Seat Miles (000) Domestic 2,643,781 2,584,158 2.3 % Express Load Factor (%) Domestic 72.9 71.1 1.8 pts Express Enplanements Domestic 6,607,065 6,648,626 (0.6 ) % Notes: 1) Canada is included in domestic results. Consolidated US Airways Group, Inc. OCTOBER 2011 2010 Change Consolidated Revenue Passenger Miles (000) Domestic 3,871,114 4,003,418 (3.3 ) % Atlantic 948,902 900,012 5.4 % Latin 294,301 298,285 (1.3 ) % Total Consolidated Revenue Passenger Miles 5,114,317 5,201,715 (1.7 ) % Consolidated Available Seat Miles (000) Domestic 4,593,628 4,797,790 (4.3 ) % Atlantic 1,170,632 1,084,993 7.9 % Latin 367,372 357,784 2.7 % Total Consolidated Available Seat Miles 6,131,632 6,240,567 (1.7 ) % Consolidated Load Factor (%) Domestic 84.3 83.4 0.9 pts Atlantic 81.1 83.0 (1.9 ) pts Latin 80.1 83.4 (3.3 ) pts Total Consolidated Load Factor 83.4 83.4 - pts Consolidated Enplanements Domestic 4,653,527 4,810,765 (3.3 ) % Atlantic 231,945 223,452 3.8 % Latin 215,025 221,631 (3.0 ) % Total Consolidated Enplanements 5,100,497 5,255,848 (3.0 ) % YEAR TO DATE 2011 2010 Change Consolidated Revenue Passenger Miles (000) Domestic 39,570,302 38,550,133 2.6 % Atlantic 9,444,188 8,698,670 8.6 % Latin 4,126,060 4,319,740 (4.5 ) % Total Consolidated Revenue Passenger Miles 53,140,550 51,568,543 3.0 % Consolidated Available Seat Miles (000) Domestic 47,001,590 46,564,564 0.9 % Atlantic 11,654,895 10,664,694 9.3 % Latin 5,037,818 5,483,923 (8.1 ) % Total Consolidated Available Seat Miles 63,694,303 62,713,181 1.6 % Consolidated Load Factor (%) Domestic 84.2 82.8 1.4 pts Atlantic 81.0 81.6 (0.6 ) pts Latin 81.9 78.8 3.1 pts Total Consolidated Load Factor 83.4 82.2 1.2 pts Consolidated Enplanements Domestic 45,440,487 44,615,626 1.8 % Atlantic 2,328,282 2,151,748 8.2 % Latin 3,064,193 3,229,637 (5.1 ) % Total Consolidated Enplanements 50,832,962 49,997,011 1.7 % Notes: 1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. 2) Latin numbers include the Caribbean.
US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,000 flights per day and serves 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers more than 21,000 daily flights to 1,185 airports in 185 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. US Airways was the only airline included as one of the 50 best companies to work for in the U.S. by LATINA Style magazine's 50 Report for 2010 and 2011. The airline also earned a 100 percent rating on the Human Rights Campaign Corporate Equality index for the sixth year in a row. The Corporate Equality index is a leading indicator of companies' attitudes and policies toward lesbian, gay, bisexual and transgender employees and customers. US Airways also ranked #1 among its competing hub-and-spoke network carriers for 2010 performance as rated by the Wichita State University/Purdue University Airline Quality Rating (AQR). For more company information visit usairways.com, follow on Twitter @USAirways or at Facebook.com/USAirways. (LCCT)
Forward Looking Statements
Certain of the statements contained or referred to herein are "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," "would," "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 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, booking practices 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; our high level of fixed obligations and our ability to fund general corporate requirements, obtain additional financing and respond to competitive developments; any failure to comply with the liquidity covenants contained in our financing arrangements; provisions in our credit card processing and other commercial agreements that may affect our liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; our inability to maintain labor costs at competitive levels; interruptions or disruptions in service at one or more of our hub airports or our focus city; our reliance on third-party regional operators or third-party service providers; our reliance on and costs, rights and functionality of third-party distribution channels, including those provided by global distribution systems, conventional travel agents and online travel agents; changes in government legislation and regulation; our reliance on automated systems and the impact of any failure or disruption of these systems; the impact of changes to our business model; competitive practices in the industry, including the impact of industry consolidation; the loss of key personnel or our ability to attract and retain qualified personnel; the impact of conflicts overseas or terrorist attacks, and the impact of ongoing security concerns; our ability to operate and grow our route network; the impact of environmental laws and regulations; costs of ongoing data security compliance requirements and the impact of any data security breach; the impact of any accident involving our aircraft or the aircraft of our 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 or reductions in available insurance coverage; 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; our ability to use NOLs and certain other tax attributes; and other risks and uncertainties listed from time to time in our reports to and filings with the Securities and Exchange Commission ("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, 2011 and in the Company's other filings with the SEC, which are available at www.usairways.com .
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