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06.07.2010 20:35:00

US Airways Reports Record June Load Factor

US Airways Group, Inc. (NYSE: LCC) today announced June, second quarter and year-to-date 2010 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.6 billion, up 2.9 percent versus June 2009. Mainline capacity was 6.4 billion available seat miles (ASMs), up 2.8 percent versus June 2009. Mainline passenger load factor was a record 86.9 percent for the month of June, up 0.1 points versus June 2009.

US Airways President Scott Kirby said, "Our June consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 22 percent versus the same period last year while total revenue per available seat mile increased approximately 23 percent on a year-over-year basis. We are also running a great airline, delivering on-time and baggage reliability that leads our peers and is the best since our merger. We couldn’t be more proud of our 31,000 employees for doing such a tremendous job of taking care of our customers.”

For the month, US Airways’ preliminary on-time performance as reported to the U.S. Department of Transportation (DOT) was 83.4 percent with a completion factor of 99.3 percent, up 5.4 points and 0.4 points respectively from June 2009.

The following summarizes US Airways Group’s traffic results for the month, quarter, and year-to-date ended June 30, 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              
 
JUNE
2010 2009 % Change
Mainline Revenue Passenger Miles (000)
Domestic 3,976,546 4,013,969 (0.9 )
Atlantic 1,172,871 1,078,380 8.8
Latin 442,212 341,063 29.7
Total Mainline Revenue Passenger Miles 5,591,629 5,433,412 2.9
 
Mainline Available Seat Miles (000)
Domestic 4,563,555 4,556,257 0.2
Atlantic 1,327,948 1,301,783 2.0
Latin 540,006 401,324 34.6
Total Mainline Available Seat Miles 6,431,509 6,259,364 2.8
 
Mainline Load Factor (%)
Domestic 87.1 88.1 (1.0 ) pts
Atlantic 88.3 82.8 5.5 pts
Latin 81.9 85.0 (3.1 ) pts
Total Mainline Load Factor 86.9 86.8 0.1 pts
 
Mainline Enplanements
Domestic 3,965,161 3,946,511 0.5
Atlantic 284,776 277,193 2.7
Latin 340,188 285,148 19.3
Total Mainline Enplanements 4,590,125 4,508,852 1.8
 
QUARTER TO DATE
2010 2009 % Change
Mainline Revenue Passenger Miles (000)
Domestic 11,328,450 11,769,464 (3.7 )
Atlantic 2,854,817 2,615,331 9.2
Latin 1,347,021 1,140,800 18.1
Total Mainline Revenue Passenger Miles 15,530,288 15,525,595
 
Mainline Available Seat Miles (000)
Domestic 13,339,558 13,596,932 (1.9 )
Atlantic 3,367,068 3,257,131 3.4
Latin 1,733,632 1,455,979 19.1
Total Mainline Available Seat Miles 18,440,258 18,310,042 0.7
 
Mainline Load Factor (%)
Domestic 84.9 86.6 (1.7 ) pts
Atlantic 84.8 80.3 4.5 pts
Latin 77.7 78.4 (0.7 ) pts
Total Mainline Load Factor 84.2 84.8 (0.6 ) pts
 
Mainline Enplanements
Domestic 11,647,717 11,837,748 (1.6 )
Atlantic 700,593 672,727 4.1
Latin 1,032,683 929,877 11.1
Total Mainline Enplanements 13,380,993 13,440,352 (0.4 )
 
YEAR TO DATE
2010 2009 % Change
Mainline Revenue Passenger Miles (000)
Domestic 21,426,174 22,341,393 (4.1 )
Atlantic 4,317,236 3,986,349 8.3
Latin 2,840,094 2,506,470 13.3
Total Mainline Revenue Passenger Miles 28,583,504 28,834,212 (0.9 )
 
Mainline Available Seat Miles (000)
Domestic 25,817,349 26,689,655 (3.3 )
Atlantic 5,488,584 5,337,068 2.8
Latin 3,712,903 3,262,432 13.8
Total Mainline Available Seat Miles 35,018,836 35,289,155 (0.8 )
 
Mainline Load Factor (%)
Domestic 83.0 83.7 (0.7 ) pts
Atlantic 78.7 74.7 4.0 pts
Latin 76.5 76.8 (0.3 ) pts
Total Mainline Load Factor 81.6 81.7 (0.1 ) pts
 
Mainline Enplanements
Domestic 22,184,773 22,814,307 (2.8 )
Atlantic 1,061,636 1,027,096 3.4
Latin 2,119,803 2,008,220 5.6
Total Mainline Enplanements 25,366,212 25,849,623 (1.9 )
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)
               
JUNE
2010 2009

% Change

Express Revenue Passenger Miles (000)
Domestic 200,832 195,886 2.5
 
Express Available Seat Miles (000)
Domestic 269,925 268,797 0.4
 
Express Load Factor (%)
Domestic 74.4 72.9 1.5 pts
 
Express Enplanements
Domestic 715,564 716,544 (0.1)
 
QUARTER TO DATE
2010 2009 % Change
Express Revenue Passenger Miles (000)
Domestic 566,320 556,889 1.7
 
Express Available Seat Miles (000)
Domestic 779,260 792,963 (1.7)
 
Express Load Factor (%)
Domestic 72.7 70.2 2.5 pts
 
Express Enplanements
Domestic 2,086,054 2,047,523 1.9
 
 
YEAR TO DATE
2010 2009 % Change
Express Revenue Passenger Miles (000)
Domestic 1,022,820 1,027,244 (0.4)
 
Express Available Seat Miles (000)
Domestic 1,487,007 1,554,384 (4.3)
 
Express Load Factor (%)
Domestic 68.8 66.1 2.7 pts
 
Express Enplanements
Domestic 3,756,668 3,801,409 (1.2)
Notes:
1)   Canada is included in domestic results.
Consolidated US Airways Group, Inc.
               
JUNE
2010 2009 % Change
Consolidated Revenue Passenger Miles (000)
Domestic 4,177,378 4,209,855 (0.8 )
Atlantic 1,172,871 1,078,380 8.8
Latin 442,212 341,063 29.7
Total Consolidated Revenue Passenger Miles 5,792,461 5,629,298 2.9

 

 

Consolidated Available Seat Miles (000)
Domestic 4,833,480 4,825,054 0.2
Atlantic 1,327,948 1,301,783 2.0
Latin 540,006 401,324 34.6
Total Consolidated Available Seat Miles 6,701,434 6,528,161 2.7
 
Consolidated Load Factor (%)
Domestic 86.4 87.2 (0.8 ) pts
Atlantic 88.3 82.8 5.5 pts
Latin 81.9 85.0 (3.1 ) pts
Total Consolidated Load Factor 86.4 86.2 0.2 pts
 
Consolidated Enplanements
Domestic 4,680,725 4,663,055 0.4
Atlantic 284,776 277,193 2.7
Latin 340,188 285,148 19.3
Total Consolidated Enplanements 5,305,689 5,225,396 1.5
 
QUARTER TO DATE
2010 2009 % Change
Consolidated Revenue Passenger Miles (000)
Domestic 11,894,770 12,326,353 (3.5 )
Atlantic 2,854,817 2,615,331 9.2
Latin 1,347,021 1,140,800 18.1
Total Consolidated Revenue Passenger Miles 16,096,608 16,082,484 0.1
 
Consolidated Available Seat Miles (000)
Domestic 14,118,818 14,389,895 (1.9 )
Atlantic 3,367,068 3,257,131 3.4
Latin 1,733,632 1,455,979 19.1
Total Consolidated Available Seat Miles 19,219,518 19,103,005 0.6
 
Consolidated Load Factor (%)
Domestic 84.2 85.7 (1.5 ) pts
Atlantic 84.8 80.3 4.5 pts
Latin 77.7 78.4 (0.7 ) pts
Total Consolidated Load Factor 83.8 84.2 (0.4 ) pts
 
Consolidated Enplanements
Domestic 13,733,771 13,885,271 (1.1 )
Atlantic 700,593 672,727 4.1
Latin 1,032,683 929,877 11.1
Total Consolidated Enplanements 15,467,047 15,487,875 (0.1 )
 
YEAR TO DATE
2010 2009 % Change
Consolidated Revenue Passenger Miles (000)
Domestic 22,448,994 23,368,637 (3.9 )
Atlantic 4,317,236 3,986,349 8.3
Latin 2,840,094 2,506,470 13.3
Total Consolidated Revenue Passenger Miles 29,606,324 29,861,456 (0.9 )
 
Consolidated Available Seat Miles (000)
Domestic 27,304,356 28,244,039 (3.3 )
Atlantic 5,488,584 5,337,068 2.8
Latin 3,712,903 3,262,432 13.8
Total Consolidated Available Seat Miles 36,505,843 36,843,539 (0.9 )
 
Consolidated Load Factor (%)
Domestic 82.2 82.7 (0.5 ) pts
Atlantic 78.7 74.7 4.0 pts
Latin 76.5 76.8 (0.3 ) pts
Total Consolidated Load Factor 81.1 81.0 0.1 pts
 
Consolidated Enplanements
Domestic 25,941,441 26,615,716 (2.5 )
Atlantic 1,061,636 1,027,096 3.4
Latin 2,119,803 2,008,220 5.6
Total Consolidated Enplanements 29,122,880 29,651,032 (1.8 )
Notes:
1)   Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2) Latin numbers include the Caribbean.

US Airways is also providing a brief update on notable company accomplishments during the month of June:

  • Announced a major expansion of its bilateral codeshare agreement with Star Alliance partner Spanair. By way of Spanair's Madrid and Barcelona hubs, US Airways customers now have seamless access to destinations within Spain, the Canary Islands, continental Europe, and Africa.
  • Began daily year-round service to Los Cabos and Puerto Vallarta, Mexico, and resumed daily nonstop service to Baton Rouge, La. from its largest hub in Charlotte, N.C.
  • Launched daily year-round service to Halifax, Nova Scotia and daily seasonal service to Anchorage, Alaska from its hub at Philadelphia International Airport.

About US Airways

US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,200 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 19,700 daily flights to 1,077 airports in 175 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. And for the eleventh consecutive year, the airline received a Diamond Award for maintenance training excellence from the Federal Aviation Administration for its Charlotte hub line maintenance facility. 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," "could," "should," and "continue" and similar terms used in connection with statements regarding 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 cyclical nature of the airline industry; 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 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 March 31, 2010 and in the Company's other filings with the SEC, which are available at www.usairways.com.

-LCC-

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