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US Airways Reports Record August Load Factor

TEMPE, Ariz., Sep 06, 2011 (BUSINESS WIRE) -- US Airways Group, Inc. (NYSE: LCC) today announced August and year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.6 billion, up 1.2 percent versus August 2010. Mainline capacity was 6.4 billion available seat miles (ASMs), down 1.3 percent versus August 2010. Mainline passenger load factor was a record 87.4 percent for the month of August, up 2.2 points versus August 2010.

US Airways' President Scott Kirby said, "Our August consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 9 percent versus the same period last year."

US Airways' August operations were negatively impacted by the hurricane. Due to the size and severity of the storm, flight operations were suspended at Philadelphia, Washington National, New York City, and Boston airports. As a result, the Company cancelled approximately a quarter of its 9,100 scheduled flights from Aug. 27 through Aug. 29. The Company's preliminary estimate is that the hurricane resulted in a reduction in operating income of approximately $8 million to $10 million.

In response to managing the operational challenges presented by Hurricane Irene, Kirby said, "Our 32,000 team members did a terrific job. Thanks to the preparation and planning work that went into this significant weather event, no one was injured and our facilities, aircraft and infrastructure were not damaged. We were also able to re-activate our fleet and get the airline up and running at full capacity safely and quickly with minimal impact to our customers following the storm."

These hurricane-related cancellations drove a completion factor for August of 96.5 percent. For the month of August, US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation was 74.2 percent.

The following summarizes US Airways Group's traffic results for the month and year-to-date ended August 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
AUGUST
2011 2010 Change
Mainline Revenue Passenger Miles (000)
Domestic 3,970,623 3,918,288 1.3 %
Atlantic 1,220,805 1,173,464 4.0 %
Latin 406,450 440,142 (7.7 ) %
Total Mainline Revenue Passenger Miles 5,597,878 5,531,894 1.2 %
Mainline Available Seat Miles (000)
Domestic 4,532,087 4,585,239 (1.2 ) %
Atlantic 1,410,017 1,389,579 1.5 %
Latin 466,415 516,838 (9.8 ) %
Total Mainline Available Seat Miles 6,408,519 6,491,656 (1.3 ) %
Mainline Load Factor (%)
Domestic 87.6 85.5 2.1 pts
Atlantic 86.6 84.4 2.2 pts
Latin 87.1 85.2 1.9 pts
Total Mainline Load Factor 87.4 85.2 2.2 pts
Mainline Enplanements
Domestic 3,984,717 4,002,398 (0.4 ) %
Atlantic 294,517 290,151 1.5 %
Latin 303,198 331,897 (8.6 ) %
Total Mainline Enplanements 4,582,432 4,624,446 (0.9 ) %
YEAR TO DATE
2011 2010 Change
Mainline Revenue Passenger Miles (000)
Domestic 30,485,337 29,375,419 3.8 %
Atlantic 7,350,226 6,688,144 9.9 %
Latin 3,599,153 3,768,875 (4.5 ) %
Total Mainline Revenue Passenger Miles 41,434,716 39,832,438 4.0 %
Mainline Available Seat Miles (000)
Domestic 35,886,722 35,115,016 2.2 %
Atlantic 9,110,676 8,263,135 10.3 %
Latin 4,368,793 4,806,436 (9.1 ) %
Total Mainline Available Seat Miles 49,366,191 48,184,587 2.5 %
Mainline Load Factor (%)
Domestic 84.9 83.7 1.2 pts
Atlantic 80.7 80.9 (0.2 ) pts
Latin 82.4 78.4 4.0 pts
Total Mainline Load Factor 83.9 82.7 1.2 pts
Mainline Enplanements
Domestic 31,228,089 30,177,130 3.5 %
Atlantic 1,805,781 1,652,584 9.3 %
Latin 2,681,713 2,825,732 (5.1 ) %
Total Mainline Enplanements 35,715,583 34,655,446 3.1 %
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)
AUGUST
2011 2010 Change
Express Revenue Passenger Miles (000)
Domestic 198,598 202,988 (2.2 ) %
Express Available Seat Miles (000)
Domestic 270,395 278,982 (3.1 ) %
Express Load Factor (%)
Domestic 73.4 72.8 0.6 pts
Express Enplanements
Domestic 681,028 721,003 (5.5 ) %
YEAR TO DATE
2011 2010 Change
Express Revenue Passenger Miles (000)
Domestic 1,536,072 1,427,801 7.6 %
Express Available Seat Miles (000)
Domestic 2,125,386 2,043,823 4.0 %
Express Load Factor (%)
Domestic 72.3 69.9 2.4 pts
Express Enplanements
Domestic 5,253,643 5,186,834 1.3 %
Notes:
1)Canada is included in domestic results.
Consolidated US Airways Group, Inc.
AUGUST
2011 2010 Change
Consolidated Revenue Passenger Miles (000)
Domestic 4,169,221 4,121,276 1.2 %
Atlantic 1,220,805 1,173,464 4.0 %
Latin 406,450 440,142 (7.7 ) %
Total Consolidated Revenue Passenger Miles 5,796,476 5,734,882 1.1 %
Consolidated Available Seat Miles (000)
Domestic 4,802,482 4,864,221 (1.3 ) %
Atlantic 1,410,017 1,389,579 1.5 %
Latin 466,415 516,838 (9.8 ) %
Total Consolidated Available Seat Miles 6,678,914 6,770,638 (1.4 ) %
Consolidated Load Factor (%)
Domestic 86.8 84.7 2.1 pts
Atlantic 86.6 84.4 2.2 pts
Latin 87.1 85.2 1.9 pts
Total Consolidated Load Factor 86.8 84.7 2.1 pts
Consolidated Enplanements
Domestic 4,665,745 4,723,401 (1.2 ) %
Atlantic 294,517 290,151 1.5 %
Latin 303,198 331,897 (8.6 ) %
Total Consolidated Enplanements 5,263,460 5,345,449 (1.5 ) %
YEAR TO DATE
2011 2010 Change
Consolidated Revenue Passenger Miles (000)
Domestic 32,021,409 30,803,220 4.0 %
Atlantic 7,350,226 6,688,144 9.9 %
Latin 3,599,153 3,768,875 (4.5 ) %
Total Consolidated Revenue Passenger Miles 42,970,788 41,260,239 4.1 %
Consolidated Available Seat Miles (000)
Domestic 38,012,108 37,158,839 2.3 %
Atlantic 9,110,676 8,263,135 10.3 %
Latin 4,368,793 4,806,436 (9.1 ) %
Total Consolidated Available Seat Miles 51,491,577 50,228,410 2.5 %
Consolidated Load Factor (%)
Domestic 84.2 82.9 1.3 pts
Atlantic 80.7 80.9 (0.2 ) pts
Latin 82.4 78.4 4.0 pts
Total Consolidated Load Factor 83.5 82.1 1.4 pts
Consolidated Enplanements
Domestic 36,481,732 35,363,964 3.2 %
Atlantic 1,805,781 1,652,584 9.3 %
Latin 2,681,713 2,825,732 (5.1 ) %
Total Consolidated Enplanements 40,969,226 39,842,280 2.8 %
Notes:
1)Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2)Latin numbers include the Caribbean.

US Airways

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 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. For the sixth year in a row, the airline also earned a 100 percent rating on the Human Rights Campaign Corporate Equality index, 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," 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 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; 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; our reliance on third-party regional operators or third-party service providers; our reliance on and costs of third-party distribution channels, including those provided by global distribution systems 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 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; 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 June 30, 2011 and in the Company's other filings with the SEC, which are available at http://www.usairways.com.

-LCC-

SOURCE: US Airways Group, Inc.

US Airways
Dan Cravens
480-693-5729