TEMPE, Ariz., Nov. 5 /PRNewswire-FirstCall/ -- US Airways Group, Inc.
(NYSE: LCC) today reported October and year-to-date traffic results for
2007. Revenue passenger miles (RPMs) for the month were 4.9 billion, down
1.5 percent from October 2006. Capacity was 6.1 billion available seat
miles (ASMs), down 5.5 percent from October 2006. Passenger load factor set
a record for the month of October at 80.5 percent, up 3.3 points versus
October 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO)
"Our October consolidated (mainline and Express) passenger revenue per
available seat mile (PRASM) was up between five and seven percent on a
year-over-year basis. As we face record-high energy prices, we remain
optimistic that the industry will maintain its level of capacity discipline
going forward," said US Airways President Scott Kirby.
For the month of October 2007, US Airways' mainline domestic on-time
performance was 75.7 percent with a completion factor of 99.2 percent.
The following summarizes US Airways Group's traffic results for the
month and year-to-date ended October 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)
OCTOBER
2007 2006 % Change
Mainline Revenue Passenger Miles (000)
Domestic 3,980,894 4,096,955 (2.8)
Atlantic 706,018 653,214 8.1
Latin 190,136 198,947 (4.4)
Total Mainline Revenue Passenger
Miles 4,877,048 4,949,116 (1.5)
Mainline Available Seat Miles (000)
Domestic 4,915,137 5,278,332 (6.9)
Atlantic 913,016 854,893 6.8
Latin 233,169 279,365 (16.5)
Total Mainline Available Seat
Miles 6,061,322 6,412,590 (5.5)
Mainline Load Factor (%)
Domestic 81.0 77.6 3.4 pts
Atlantic 77.3 76.4 0.9 pts
Latin 81.5 71.2 10.3 pts
Total Mainline Load Factor 80.5 77.2 3.3 pts
Mainline Enplanements
Domestic 4,369,296 4,391,264 (0.5)
Atlantic 178,847 169,104 5.8
Latin 160,330 164,503 (2.5)
Total Mainline Enplanements 4,708,473 4,724,871 (0.3)
YEAR TO DATE
2007 2006 % Change
Mainline Revenue Passenger Miles
(000)
Domestic 41,743,820 41,491,778 0.6
Atlantic 6,979,048 6,136,315 13.7
Latin 3,260,650 3,379,453 (3.5)
Total Mainline Revenue Passenger
Miles 51,983,518 51,007,546 1.9
Mainline Available Seat Miles (000)
Domestic 50,711,870 52,059,085 (2.6)
Atlantic 8,929,843 7,777,917 14.8
Latin 4,167,361 4,595,849 (9.3)
Total Mainline Available Seat
Miles 63,809,074 64,432,851 (1.0)
Mainline Load Factor (%)
Domestic 82.3 79.7 2.6 pts
Atlantic 78.2 78.9 (0.7) pts
Latin 78.2 73.5 4.7 pts
Total Mainline Load Factor 81.5 79.2 2.3 pts
Mainline Enplanements
Domestic 44,581,199 43,554,082 2.4
Atlantic 1,787,007 1,586,745 12.6
Latin 2,657,276 2,773,278 (4.2)
Total Mainline Enplanements 49,025,482 47,914,105 2.3
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)
OCTOBER
2007 2006 % Change
Express Revenue Passenger Miles (000)
Domestic 187,889 207,677 (9.5)
Express Available Seat Miles (000)
Domestic 271,837 310,655 (12.5)
Express Load Factor (%)
Domestic 69.1 66.9 2.2 pts
Express Enplanements
Domestic 694,250 719,271 (3.5)
YEAR TO DATE
2007 2006 % Change
Express Revenue Passenger Miles (000)
Domestic 1,953,778 2,295,606 (14.9)
Express Available Seat Miles (000)
Domestic 2,783,323 3,351,356 (16.9)
Express Load Factor (%)
Domestic 70.2 68.5 1.7 pts
Express Enplanements
Domestic 6,975,098 7,435,232 (6.2)
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.
OCTOBER
2007 2006 % Change
Consolidated Revenue Passenger
Miles (000)
Domestic 4,168,783 4,304,632 (3.2)
Atlantic 706,018 653,214 8.1
Latin 190,136 198,947 (4.4)
Total Consolidated Revenue
Passenger Miles 5,064,937 5,156,793 (1.8)
Consolidated Available Seat Miles
(000)
Domestic 5,186,974 5,588,987 (7.2)
Atlantic 913,016 854,893 6.8
Latin 233,169 279,365 (16.5)
Total Consolidated Available
Seat Miles 6,333,159 6,723,245 (5.8)
Consolidated Load Factor (%)
Domestic 80.4 77.0 3.4 pts
Atlantic 77.3 76.4 0.9 pts
Latin 81.5 71.2 10.3 pts
Total Consolidated Load Factor 80.0 76.7 3.3 pts
Consolidated Enplanements
Domestic 5,063,546 5,110,535 (0.9)
Atlantic 178,847 169,104 5.8
Latin 160,330 164,503 (2.5)
Total Consolidated Enplanements 5,402,723 5,444,142 (0.8)
YEAR TO DATE
2007 2006 % Change
Consolidated Revenue Passenger
Miles (000)
Domestic 43,697,598 43,787,384 (0.2)
Atlantic 6,979,048 6,136,315 13.7
Latin 3,260,650 3,379,453 (3.5)
Total Consolidated Revenue
Passenger Miles 53,937,296 53,303,152 1.2
Consolidated Available Seat Miles
(000)
Domestic 53,495,193 55,410,441 (3.5)
Atlantic 8,929,843 7,777,917 14.8
Latin 4,167,361 4,595,849 (9.3)
Total Consolidated Available
Seat Miles 66,592,397 67,784,207 (1.8)
Consolidated Load Factor (%)
Domestic 81.7 79.0 2.7 pts
Atlantic 78.2 78.9 (0.7) pts
Latin 78.2 73.5 4.7 pts
Total Consolidated Load Factor 81.0 78.6 2.4 pts
Consolidated Enplanements
Domestic 51,556,297 50,989,314 1.1
Atlantic 1,787,007 1,586,745 12.6
Latin 2,657,276 2,773,278 (4.2)
Total Consolidated Enplanements 56,000,580 55,349,337 1.2
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 notable company
accomplishments during the month of October:
-- Completed biannual Department of Defense (DOD) audit required of all
commercial carriers that provide transportation for military and DOD
personnel. The audit confirmed that US Airways meets or exceeds all
requirements established in 12 operations and maintenance areas.
-- Announced third quarter profit of $177 million, or $1.87 per share, and
accrued $55 million year-to-date for the airline's annual employee
profit sharing program.
-- Released plans to file for proposed Charlotte, N.C. - Bogota, Colombia
service when the Department of Transportation formally commences the
application process. The proposed route will be US Airways' first
service to South America.
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
September 30, 2007, which is available at http://www.usairways.com.
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
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Phil Gee of US Airways Group, Inc.,
+1-480-693-5729
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