TEMPE, Ariz., March 6 /PRNewswire-FirstCall/ -- US Airways Group, Inc.
(NYSE: LCC) today reported February traffic results. Revenue passenger
miles (RPMs) for the month were 4.5 billion, up 1.9 percent from February
2006. Capacity was 5.9 billion available seat miles (ASMs), up 0.9 percent
from February 2006. The passenger load factor for February was 76.3 percent
versus 75.6 percent in February 2006.
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US Airways President Scott Kirby said, "Our year-over-year consolidated
(mainline and Express) passenger revenue per available seat mile (PRASM)
was up over the same period last year. However, as a result of the severe
winter storms in mid-February, revenue, PRASM and cost per available seat
mile (CASM) were all negatively impacted. The length and severity of the
storm led to an increase in unit costs as well as a decline in close-in
bookings and traffic, particularly on short-haul markets in the Northeast."
America West and US Airways report combined operational performance
numbers to the Department of Transportation. For the month of February
2007, the combined domestic on-time performance was 60.0 percent with a
completion factor of 96.2 percent.
The following summarizes US Airways Group's traffic results for
February 2007 and 2006.
Consolidated US Airways Group, Inc.
FEBRUARY
2007 2006 %Change
Consolidated Revenue Passenger Miles
(000)
Domestic 3,868,366 3,748,276 3.2
Atlantic 313,599 338,565 (7.4)
Latin 332,556 345,169 (3.7)
Total Consolidated Revenue
Passenger Miles 4,514,521 4,432,010 1.9
Consolidated Available Seat Miles
(000)
Domestic 4,917,334 4,837,809 1.6
Atlantic 539,279 529,936 1.8
Latin 458,400 493,311 (7.1)
Total Consolidated Available
Seat Miles 5,915,013 5,861,056 0.9
Consolidated Load Factor (%)
Domestic 78.7 77.5 1.2 (pts)
Atlantic 58.2 63.9 (5.7)(pts)
Latin 72.5 70.0 2.5 (pts)
Total Consolidated Load Factor 76.3 75.6 0.7 (pts)
Consolidated Enplanements
Domestic 3,926,305 3,809,294 3.1
Atlantic 79,283 86,494 (8.3)
Latin 261,961 275,247 (4.8)
Total Consolidated Enplanements 4,267,549 4,171,035 2.3
YEAR TO DATE
2007 2006 %Change
Consolidated Revenue Passenger Miles
(000)
Domestic 7,990,450 7,669,825 4.2
Atlantic 715,091 719,466 (0.6)
Latin 679,484 696,919 (2.5)
Total Consolidated Revenue
Passenger Miles 9,385,025 9,086,210 3.3
Consolidated Available Seat Miles
(000)
Domestic 10,491,558 10,337,396 1.5
Atlantic 1,123,807 1,111,689 1.1
Latin 948,610 1,010,346 (6.1)
Total Consolidated Available
Seat Miles 12,563,975 12,459,431 0.8
Consolidated Load Factor (%)
Domestic 76.2 74.2 2.0 (pts)
Atlantic 63.6 64.7 (1.1)(pts)
Latin 71.6 69.0 2.6 (pts)
Total Consolidated Load Factor 74.7 72.9 1.8 (pts)
Consolidated Enplanements
Domestic 9,308,264 9,051,306 2.8
Atlantic 180,483 183,609 (1.7)
Latin 531,523 554,256 (4.1)
Total Consolidated Enplanements 10,020,270 9,789,171 2.4
Note: Canada and Caribbean are included in domestic results.
US Airways Mainline (US Airways and America West combined)
FEBRUARY
2007 2006 %Change
Mainline Revenue Passenger Miles
(000)
Domestic 3,686,361 3,516,086 4.8
Atlantic 313,599 338,565 (7.4)
Latin 332,556 345,169 (3.7)
Total Mainline Revenue Passenger
Miles 4,332,516 4,199,820 3.2
Mainline Available Seat Miles (000)
Domestic 4,650,778 4,478,323 3.9
Atlantic 539,279 529,936 1.8
Latin 458,400 493,311 (7.1)
Total Mainline Available Seat
Miles 5,648,457 5,501,570 2.7
Mainline Load Factor (%)
Domestic 79.3 78.5 0.8 (pts)
Atlantic 58.2 63.9 (5.7)(pts)
Latin 72.5 70.0 2.5 (pts)
Total Mainline Load Factor 76.7 76.3 0.4 (pts)
Mainline Enplanements
Domestic 3,926,305 3,809,294 3.1
Atlantic 79,283 86,494 (8.3)
Latin 261,961 275,247 (4.8)
Total Mainline Enplanements 4,267,549 4,171,035 2.3
YEAR TO DATE
2007 2006 %Change
Mainline Revenue Passenger Miles
(000)
Domestic 7,620,421 7,213,224 5.6
Atlantic 715,091 719,466 (0.6)
Latin 679,484 696,919 (2.5)
Total Mainline Revenue Passenger
Miles 9,014,996 8,629,609 4.5
Mainline Available Seat Miles (000)
Domestic 9,922,826 9,573,220 3.7
Atlantic 1,123,807 1,111,689 1.1
Latin 948,610 1,010,346 (6.1)
Total Mainline Available Seat
Miles 11,995,243 11,695,255 2.6
Mainline Load Factor (%)
Domestic 76.8 75.3 1.5 (pts)
Atlantic 63.6 64.7 (1.1)(pts)
Latin 71.6 69.0 2.6 (pts)
Total Mainline Load Factor 75.2 73.8 1.4 (pts)
Mainline Enplanements
Domestic 8,054,209 7,691,936 4.7
Atlantic 180,483 183,609 (1.7)
Latin 531,523 554,256 (4.1)
Total Mainline Enplanements 8,766,215 8,429,801 4.0
Note: Canada and Caribbean are included in domestic results.
US Airways Express (Piedmont Airlines, PSA Airlines, US Airways
MidAtlantic Division)
FEBRUARY
2007 2006 %Change
Express Revenue Passenger Miles
(000)
Domestic 182,005 232,190 (21.6)
Express Available Seat Miles
(000)
Domestic 266,556 359,486 (25.9)
Express Load Factor (%)
Domestic 68.3 64.6 3.7 (pts)
Express Enplanements
Domestic 620,937 695,092 (10.7)
YEAR TO DATE
2007 2006 %Change
Express Revenue Passenger Miles
(000)
Domestic 370,029 456,601 (19.0)
Express Available Seat Miles
(000)
Domestic 568,732 764,176 (25.6)
Express Load Factor (%)
Domestic 65.1 59.8 5.3 (pts)
Express Enplanements
Domestic 1,254,055 1,359,370 (7.7)
Notes:
1) US Airways Express includes data for US Airways' MidAtlantic division
through May 27, 2006
2) Canada and Caribbean are included in domestic results.
Integration Update
US Airways is also providing a brief update on the integration process
between US Airways and America West. Listed below are major accomplishments
or announcements from the month of February:
* Began the final phase of pilot training integration, addressing
handbook commonality and other peripheral items.
* Announced that the airline's new combined flight operations control
center will be in Pittsburgh. The new 60,000 square foot center is
scheduled to open in 2009 and will house 600 employees.
* Introduced a fare sale in Pittsburgh with reductions up to 63 percent
and fares as low as $29 (one way, based on roundtrip travel) in
56 markets.
* Initiated another round of popular fare reductions, this time in New
Haven, Conn. In all, 138 destinations saw fare reductions with
customers seeing walkup fares reduced by up to 22 percent, and advance
purchase fares are down by as much as 34 percent.
US Airways is the fifth largest domestic airline employing more than
37,000 aviation professionals worldwide. US Airways, US Airways Shuttle and
US Airways Express operate approximately 3,800 flights per day and serve
more than 230 communities in the U.S., Canada, Europe, the Caribbean and
Latin America. The new US Airways -- the product of a merger between
America West and US Airways in September 2005 -- is a member of the Star
Alliance network, which offers our customers 16,000 daily flights to 855
destinations in 155 countries worldwide. This press release and additional
information on US Airways can be found at http://www.usairways.com. (LCCT)
FORWARD-LOOKING STATEMENTS
Certain of the statements contained 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," "indicate,"
"anticipate," "believe," "forecast," "estimate," "plan," "guidance,"
"outlook," "could," "should," "continue" and similar terms used in
connection with statements regarding the outlook of US Airways Group, Inc.
(the "Company"). Such statements include, but are not limited to,
statements about expected fuel costs, the revenue and pricing environment,
the Company's expected financial performance and operations, future
financing plans and needs, overall economic conditions and the benefits of
the business combination transaction involving America West Holdings
Corporation and US Airways Group, including future financial and operating
results and the combined companies' plans, objectives, expectations and
intentions. Other forward-looking statements that do not relate solely to
historical facts include, without limitation, statements that discuss the
possible future effects of current known trends or uncertainties or which
indicate that the future effects of known trends or uncertainties cannot be
predicted, guaranteed or assured. Such 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
the Company's expectations. Such risks and uncertainties include, but are
not limited to, the following: the impact of high fuel costs, significant
disruptions in the supply of aircraft fuel and further significant
increases to fuel prices; our high level of fixed obligations and our
ability to obtain and maintain financing for operations and other purposes;
our ability to achieve the synergies anticipated as a result of the merger
and to achieve those synergies in a timely manner; our ability to integrate
the management, operations and labor groups of US Airways Group and America
West Holdings; labor costs and relations with unionized employees generally
and the impact and outcome of labor negotiations; the impact of global
instability, including the current instability in the Middle East, the
continuing impact of the military presence in Iraq and Afghanistan and the
terrorist attacks of September 11, 2001 and the potential impact of future
hostilities, terrorist attacks, infectious disease outbreaks or other
global events that affect travel behavior; reliance on automated systems
and the impact of any failure or disruption of these systems; the impact of
future significant operating losses; changes in prevailing interest rates;
our ability to obtain and maintain commercially reasonable terms with
vendors and service providers and our reliance on those vendors and service
providers; security-related and insurance costs; changes in government
legislation and regulation; our ability to use pre-merger NOLs and certain
other tax attributes; competitive practices in the industry, including
significant fare restructuring activities, capacity reductions and in court
or out of court restructuring by major airlines; continued existence of
prepetition liabilities; interruptions or disruptions in service at one or
more of our hub airports; weather conditions; our ability to obtain and
maintain any necessary financing for operations and other purposes; our
ability to maintain adequate liquidity; our ability to maintain contracts
that are critical to our operations; our ability to operate pursuant to the
terms of our financing facilities (particularly the financial covenants);
our ability to attract and retain customers; the cyclical nature of the
airline industry; our ability to attract and retain qualified personnel;
economic conditions; and other risks and uncertainties listed from time to
time in our reports to the Securities and Exchange Commission. 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. All forward-looking statements are based on information
currently available to the Company. The Company assumes no obligation to
publicly update or revise any forward-looking statement to reflect actual
results, changes in assumptions or changes in other factors affecting such
estimates. Additional factors that may affect the future results of the
Company are set forth in the section entitled "Risk Factors" in the
Company's Annual Report on Form 10-K for the period ended December 31,
2006, which is available at http://www.usairways.com.
-LCC-
SOURCE US Airways Group, Inc.
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http://www.usairways.com
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CONTACT:
Phil Gee of US Airways Group, Inc.,
+1-480-693-5729
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