Attached files
| file | filename |
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| 8-K - FORM 8-K - US AIRWAYS GROUP INC | c09240e8vk.htm |
Exhibit 99.1
| Contact: | US Airways | |||
| Dan Cravens | ||||
| 480-693-5729 |
FOR IMMEDIATE RELEASE
US AIRWAYS REPORTS RECORD NOVEMBER LOAD FACTOR
TEMPE, Ariz. Dec. 3, 2010 — US Airways Group, Inc. (NYSE: LCC) today announced November and
year-to-date 2010 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.5
billion, up 7.8 percent versus November 2009. Mainline capacity was 5.6 billion available seat
miles (ASMs), up 3.4 percent versus November 2009. Mainline passenger load factor was 80.6 percent,
a record for the month of November and up 3.3 points versus November 2009.
US Airways’ President Scott Kirby said, “Our November consolidated (mainline and Express)
passenger revenue per available seat mile (PRASM) and total revenue per available seat mile each
increased approximately 6 percent versus the same period last year.
“Our team did an outstanding job of taking care of our customers in November. For the month,
our preliminary on-time performance as reported to the U.S. Department of Transportation (DOT) was
86.0 percent with a record completion factor of 99.6 percent. In addition, our preliminary November
baggage handling performance was the best since 2005.”
The following summarizes US Airways Group’s traffic results for the month and year-to-date
ended November 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
NOVEMBER
| 2010 | 2009 | % Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
3,540,091 | 3,362,854 | 5.3 | |||||||||
Atlantic |
618,128 | 520,052 | 18.9 | |||||||||
Latin |
347,932 | 298,366 | 16.6 | |||||||||
Total Mainline Revenue Passenger Miles |
4,506,151 | 4,181,272 | 7.8 | |||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
4,310,254 | 4,284,427 | 0.6 | |||||||||
Atlantic |
839,573 | 711,234 | 18.0 | |||||||||
Latin |
441,684 | 412,057 | 7.2 | |||||||||
Total Mainline Available Seat Miles |
5,591,511 | 5,407,718 | 3.4 | |||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
82.1 | 78.5 | 3.6 | pts | ||||||||
Atlantic |
73.6 | 73.1 | 0.5 | pts | ||||||||
Latin |
78.8 | 72.4 | 6.4 | pts | ||||||||
Total Mainline Load Factor |
80.6 | 77.3 | 3.3 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
3,817,016 | 3,534,300 | 8.0 | |||||||||
Atlantic |
149,434 | 128,920 | 15.9 | |||||||||
Latin |
260,823 | 239,589 | 8.9 | |||||||||
Total Mainline Enplanements |
4,227,273 | 3,902,809 | 8.3 | |||||||||
YEAR TO DATE
| 2010 | 2009 | % Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
40,252,262 | 40,790,559 | (1.3 | ) | ||||||||
Atlantic |
9,316,798 | 8,762,967 | 6.3 | |||||||||
Latin |
4,667,672 | 3,849,037 | 21.3 | |||||||||
Total Mainline Revenue Passenger Miles |
54,236,732 | 53,402,563 | 1.6 | |||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
48,290,660 | 48,869,831 | (1.2 | ) | ||||||||
Atlantic |
11,504,267 | 11,241,890 | 2.3 | |||||||||
Latin |
5,925,607 | 4,954,983 | 19.6 | |||||||||
Total Mainline Available Seat Miles |
65,720,534 | 65,066,704 | 1.0 | |||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
83.4 | 83.5 | (0.1 | ) pts | ||||||||
Atlantic |
81.0 | 77.9 | 3.1 | pts | ||||||||
Latin |
78.8 | 77.7 | 1.1 | pts | ||||||||
Total Mainline Load Factor |
82.5 | 82.1 | 0.4 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
41,784,016 | 41,663,942 | 0.3 | |||||||||
Atlantic |
2,301,182 | 2,226,460 | 3.4 | |||||||||
Latin |
3,490,460 | 3,113,897 | 12.1 | |||||||||
Total Mainline Enplanements |
47,575,658 | 47,004,299 | 1.2 | |||||||||
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)
NOVEMBER
| 2010 | 2009 | % Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
193,308 | 165,916 | 16.5 | |||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
264,532 | 243,435 | 8.7 | |||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
73.1 | 68.2 | 4.9 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
676,033 | 630,855 | 7.2 | |||||||||
YEAR TO DATE
| 2010 | 2009 | % Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
2,031,270 | 1,966,850 | 3.3 | |||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
2,848,690 | 2,885,461 | (1.3 | ) | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
71.3 | 68.2 | 3.1 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
7,324,659 | 7,304,947 | 0.3 | |||||||||
Notes: |
||
| 1) | Canada is included in domestic results. |
|
Consolidated US Airways Group, Inc.
NOVEMBER
| 2010 | 2009 | % Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
3,733,399 | 3,528,770 | 5.8 | |||||||||
Atlantic |
618,128 | 520,052 | 18.9 | |||||||||
Latin |
347,932 | 298,366 | 16.6 | |||||||||
Total Consolidated Revenue Passenger Miles |
4,699,459 | 4,347,188 | 8.1 | |||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
4,574,786 | 4,527,862 | 1.0 | |||||||||
Atlantic |
839,573 | 711,234 | 18.0 | |||||||||
Latin |
441,684 | 412,057 | 7.2 | |||||||||
Total Consolidated Available Seat Miles |
5,856,043 | 5,651,153 | 3.6 | |||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
81.6 | 77.9 | 3.7 | pts | ||||||||
Atlantic |
73.6 | 73.1 | 0.5 | pts | ||||||||
Latin |
78.8 | 72.4 | 6.4 | pts | ||||||||
Total Consolidated Load Factor |
80.2 | 76.9 | 3.3 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
4,493,049 | 4,165,155 | 7.9 | |||||||||
Atlantic |
149,434 | 128,920 | 15.9 | |||||||||
Latin |
260,823 | 239,589 | 8.9 | |||||||||
Total Consolidated Enplanements |
4,903,306 | 4,533,664 | 8.2 | |||||||||
YEAR TO DATE
| 2010 | 2009 | % Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
42,283,532 | 42,757,409 | (1.1 | ) | ||||||||
Atlantic |
9,316,798 | 8,762,967 | 6.3 | |||||||||
Latin |
4,667,672 | 3,849,037 | 21.3 | |||||||||
Total Consolidated Revenue Passenger Miles |
56,268,002 | 55,369,413 | 1.6 | |||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
51,139,350 | 51,755,292 | (1.2 | ) | ||||||||
Atlantic |
11,504,267 | 11,241,890 | 2.3 | |||||||||
Latin |
5,925,607 | 4,954,983 | 19.6 | |||||||||
Total Consolidated Available Seat Miles |
68,569,224 | 67,952,165 | 0.9 | |||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
82.7 | 82.6 | 0.1 | pts | ||||||||
Atlantic |
81.0 | 77.9 | 3.1 | pts | ||||||||
Latin |
78.8 | 77.7 | 1.1 | pts | ||||||||
Total Consolidated Load Factor |
82.1 | 81.5 | 0.6 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
49,108,675 | 48,968,889 | 0.3 | |||||||||
Atlantic |
2,301,182 | 2,226,460 | 3.4 | |||||||||
Latin |
3,490,460 | 3,113,897 | 12.1 | |||||||||
Total Consolidated Enplanements |
54,900,317 | 54,309,246 | 1.1 | |||||||||
Notes: |
||
| 1) | Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. |
|
| 2) | Latin numbers include the Caribbean. |
|
About US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,100 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
21,000 daily flights to 1,160 airports in 181 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. 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,” “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 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 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 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
September 30, 2010 and in the Company’s other filings with the SEC, which are available at
www.usairways.com.
-LCC-