TEMPE, Ariz., Aug. 3 /PRNewswire-FirstCall/ -- US Airways Group, Inc.
(NYSE: LCC) today reported July and year-to-date results for 2007. Revenue
passenger miles (RPMs) for the month were 6.0 billion, up 1.8 percent from
July 2006. Capacity was 6.9 billion available seat miles (ASMs), down 0.9
percent from July 2006. For the second consecutive month, US Airways set a
record with passenger load factor of 86.3 percent versus 84.1 percent in
July 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO )
"July 2007 consolidated (mainline and Express) passenger revenue per
available seat mile (PRASM) was up over four percent when compared to July
of last year. For the remainder of the third quarter we expect comparisons
to last year's PRASM will be favorable as advance bookings and yields
continue to look good, and we expect that business demand will remain
strong throughout the quarter," said US Airways President Scott Kirby.
America West and US Airways report combined operational performance to
the Department of Transportation. For the month of July 2007, the combined
domestic on-time performance was 66.3 percent with a completion factor of
98.1 percent.
The following summarizes US Airways Group's traffic results for the
month and seven months ended July 2007 and 2006, consisting of America West
and US Airways mainline operated flights as well as US Airways Express
operated flights consisting of wholly owned subsidiaries PSA Airlines and
Piedmont Airlines.
US Airways Mainline (US Airways and America West combined)
JULY
2007 2006 % Change
Mainline Revenue Passenger Miles
(000)
Domestic 4,574,748 4,624,830 (1.1)
Atlantic 1,013,385 836,736 21.1
Latin 370,162 394,123 (6.1)
Total Mainline Revenue Passenger
Miles 5,958,295 5,855,689 1.8
Mainline Available Seat Miles (000)
Domestic 5,264,489 5,471,973 (3.8)
Atlantic 1,196,796 986,746 21.3
Latin 445,140 507,770 (12.3)
Total Mainline Available Seat
Miles 6,906,425 6,966,489 (0.9)
Mainline Load Factor (%)
Domestic 86.9 84.5 2.4 pts
Atlantic 84.7 84.8 (0.1) pts
Latin 83.2 77.6 5.6 pts
Total Mainline Load Factor 86.3 84.1 2.2 pts
Mainline Enplanements
Domestic 4,810,209 4,705,599 2.2
Atlantic 256,872 218,031 17.8
Latin 305,171 327,338 (6.8)
Total Mainline Enplanements 5,372,252 5,250,968 2.3
YEAR TO DATE
2007 2006 % Change
Mainline Revenue Passenger Miles
(000)
Domestic 29,708,656 29,337,937 1.3
Atlantic 4,401,076 3,950,758 11.4
Latin 2,560,355 2,675,510 (4.3)
Total Mainline Revenue Passenger
Miles 36,670,087 35,964,205 2.0
Mainline Available Seat Miles (000)
Domestic 36,032,376 36,258,916 (0.6)
Atlantic 5,669,333 4,997,855 13.4
Latin 3,283,842 3,574,133 (8.1)
Total Mainline Available Seat
Miles 44,985,551 44,830,904 0.3
Mainline Load Factor (%)
Domestic 82.4 80.9 1.5 pts
Atlantic 77.6 79.0 (1.4) pts
Latin 78.0 74.9 3.1 pts
Total Mainline Load Factor 81.5 80.2 1.3 pts
Mainline Enplanements
Domestic 31,537,187 30,806,554 2.4
Atlantic 1,123,162 1,019,283 10.2
Latin 2,067,169 2,189,772 (5.6)
Total Mainline Enplanements 34,727,518 34,015,609 2.1
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, US Airways
MidAtlantic Division)
JULY
2007 2006 % Change
Express Revenue Passenger Miles (000)
Domestic 191,628 222,972 (14.1)
Express Available Seat Miles (000)
Domestic 265,236 307,031 (13.6)
Express Load Factor (%)
Domestic 72.2 72.6 (0.4) pts
Express Enplanements
Domestic 705,300 762,755 (7.5)
YEAR TO DATE
2007 2006 % Change
Express Revenue Passenger Miles
(000)
Domestic 1,402,707 1,688,959 (16.9)
Express Available Seat Miles (000)
Domestic 1,981,589 2,431,346 (18.5)
Express Load Factor (%)
Domestic 70.8 69.5 1.3 pts
Express Enplanements
Domestic 4,932,609 5,344,597 (7.7)
Notes:
1) US Airways Express includes data for US Airways' MidAtlantic division
through May 27, 2006.
2) Canada is included in domestic results.
Consolidated US Airways Group, Inc.
JULY
2007 2006 % Change
Consolidated Revenue Passenger
Miles (000)
Domestic 4,766,376 4,847,802 (1.7)
Atlantic 1,013,385 836,736 21.1
Latin 370,162 394,123 (6.1)
Total Consolidated Revenue
Passenger Miles 6,149,923 6,078,661 1.2
Consolidated Available Seat Miles
(000)
Domestic 5,529,725 5,779,004 (4.3)
Atlantic 1,196,796 986,746 21.3
Latin 445,140 507,770 (12.3)
Total Consolidated Available
Seat Miles 7,171,661 7,273,520 (1.4)
Consolidated Load Factor (%)
Domestic 86.2 83.9 2.3 pts
Atlantic 84.7 84.8 (0.1) pts
Latin 83.2 77.6 5.6 pts
Total Consolidated Load Factor 85.8 83.6 2.2 pts
Consolidated Enplanements
Domestic 5,515,509 5,468,354 0.9
Atlantic 256,872 218,031 17.8
Latin 305,171 327,338 (6.8)
Total Consolidated Enplanements 6,077,552 6,013,723 1.1
YEAR TO DATE
2007 2006 % Change
Consolidated Revenue Passenger
Miles (000)
Domestic 31,111,363 31,026,896 0.3
Atlantic 4,401,076 3,950,758 11.4
Latin 2,560,355 2,675,510 (4.3)
Total Consolidated Revenue
Passenger Miles 38,072,794 37,653,164 1.1
Consolidated Available Seat Miles
(000)
Domestic 38,013,965 38,690,262 (1.7)
Atlantic 5,669,333 4,997,855 13.4
Latin 3,283,842 3,574,133 (8.1)
Total Consolidated Available
Seat Miles 46,967,140 47,262,250 (0.6)
Consolidated Load Factor (%)
Domestic 81.8 80.2 1.6 pts
Atlantic 77.6 79.0 (1.4) pts
Latin 78.0 74.9 3.1 pts
Total Consolidated Load Factor 81.1 79.7 1.4 pts
Consolidated Enplanements
Domestic 36,469,796 36,151,151 0.9
Atlantic 1,123,162 1,019,283 10.2
Latin 2,067,169 2,189,772 (5.6)
Total Consolidated Enplanements 39,660,127 39,360,206 0.8
Notes:
1) Canada, Puerto Rico and U.S. Virgin Islands are included in the
domestic results.
2) Latin numbers include the Caribbean.
Other Notable Accomplishments
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 July:
-- Reported sixth consecutive profitable quarter ($263 million net
profit) and accrued approximately $30 million for the employee profit
sharing program, bringing the 2007 total accrual to approximately $34
million.
-- Reduced fares in 19 destinations from Greenville-Spartanburg, S.C.,
bringing the total to 1,150 markets that have seen fare reductions
since 2005.
-- Successfully completed the International Air Transport Association's
(IATA) Operational Safety Audit (IOSA), which consisted of a
comprehensive analysis of the airline's practices in corporate
organization and management, flight operations, operations control,
maintenance, cabin operations, ground operations, cargo and security.
-- For the ninth consecutive year, Charlotte's line maintenance facility
earned the FAA's highest award for excellence in maintenance -- the
AMT Diamond Award.
-- Successfully launched a mobile-device friendly version of
usairways.com allowing mobile users almost all functionality of the
full usairways.com.
-- Filed application with the DOT to begin Charlotte-Philadelphia-Beijing
service in 2009 and activated an online petition at
http://www.usairways.com/China.
-- Christened a new cargo handling facility in El Paso, Texas, where the
airline handles cargo for US Airways in addition to several other
airlines.
US Airways is the fifth largest domestic airline employing more than
36,000 aviation professionals worldwide. US Airways, US Airways Shuttle and
US Airways Express operate approximately 3,700 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 Quarterly Report on Form 10-Q for the period ended June 30, 2007,
which is available at http://www.usairways.com.
-LCC-
SOURCE US Airways Group, Inc.
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Related links:
http://www.usairways.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Phil Gee of US Airways Group, Inc.,
+1-480-693-5729
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