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8-K - FORM 8-K - US AIRWAYS GROUP INCc19646e8vk.htm
Exhibit 99.1
(US Airways logo)
         
 
  Contact:   US Airways
Dan Cravens
480-693-5729
FOR IMMEDIATE RELEASE
US AIRWAYS REPORTS RECORD JUNE LOAD FACTOR
TEMPE, Ariz. July 6, 2011 — US Airways Group, Inc. (NYSE: LCC) today announced June, quarter and year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.7 billion, up 2.5 percent versus June 2010. Mainline capacity was 6.6 billion available seat miles (ASMs), up 2.3 percent versus June 2010. Mainline passenger load factor was an all-time record 87.1 percent, up 0.2 points versus June 2010.
US Airways’ President Scott Kirby said, “Our June consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 6 percent versus the same period last year.”
For the month of June, US Airways’ preliminary on-time performance as reported to the U.S. Department of Transportation was 73.1 percent with a completion factor of 98.4 percent.
The following summarizes US Airways Group’s traffic results for the month, quarter and year-to-date ended June 30, 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
JUNE
                         
    2011     2010     Change  
 
                       
Mainline Revenue Passenger Miles (000)
                       
Domestic
    4,114,725       3,976,559       3.5 %
Atlantic
    1,200,237       1,172,742       2.3 %
Latin
    419,079       442,211       (5.2 )%
 
                   
Total Mainline Revenue Passenger Miles
    5,734,041       5,591,512       2.5 %
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    4,690,794       4,563,555       2.8 %
Atlantic
    1,393,104       1,327,948       4.9 %
Latin
    497,904       540,006       (7.8 )%
 
                   
Total Mainline Available Seat Miles
    6,581,802       6,431,509       2.3 %
 
                       
Mainline Load Factor (%)
                       
Domestic
    87.7       87.1     0.6 pts
Atlantic
    86.2       88.3     (2.1 )pts
Latin
    84.2       81.9     2.3 pts
 
                   
Total Mainline Load Factor
    87.1       86.9     0.2 pts
 
                       
Mainline Enplanements
                       
Domestic
    4,077,014       3,957,308       3.0 %
Atlantic
    289,134       289,303       (0.1 )%
Latin
    318,383       343,415       (7.3 )%
 
                   
Total Mainline Enplanements
    4,684,531       4,590,026       2.1 %
QUARTER TO DATE
                         
    2011     2010     Change  
 
                       
Mainline Revenue Passenger Miles (000)
                       
Domestic
    11,827,772       11,328,462       4.4 %
Atlantic
    3,116,824       2,854,688       9.2 %
Latin
    1,315,705       1,347,020       (2.3 )%
 
                   
Total Mainline Revenue Passenger Miles
    16,260,301       15,530,170       4.7 %
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    13,806,039       13,339,558       3.5 %
Atlantic
    3,696,970       3,367,067       9.8 %
Latin
    1,613,116       1,733,631       (7.0 )%
 
                   
Total Mainline Available Seat Miles
    19,116,125       18,440,256       3.7 %
 
                       
Mainline Load Factor (%)
                       
Domestic
    85.7       84.9     0.8 pts
Atlantic
    84.3       84.8     (0.5 )pts
Latin
    81.6       77.7     3.9 pts
 
                   
Total Mainline Load Factor
    85.1       84.2     0.9 pts
 
                       
Mainline Enplanements
                       
Domestic
    12,050,543       11,639,864       3.5 %
Atlantic
    761,773       705,120       8.0 %
Latin
    986,381       1,035,910       (4.8 )%
 
                   
Total Mainline Enplanements
    13,798,697       13,380,894       3.1 %
YEAR TO DATE
                         
    2011     2010     Change  
 
                       
Mainline Revenue Passenger Miles (000)
                       
Domestic
    22,265,839       21,426,187       3.9 %
Atlantic
    4,857,269       4,317,108       12.5 %
Latin
    2,706,842       2,840,093       (4.7 )%
 
                   
Total Mainline Revenue Passenger Miles
    29,829,950       28,583,388       4.4 %
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    26,529,577       25,817,350       2.8 %
Atlantic
    6,256,460       5,488,584       14.0 %
Latin
    3,364,963       3,712,903       (9.4 )%
 
                   
Total Mainline Available Seat Miles
    36,151,000       35,018,837       3.2 %
 
                       
Mainline Load Factor (%)
                       
Domestic
    83.9       83.0     0.9 pts
Atlantic
    77.6       78.7     (1.1 )pts
Latin
    80.4       76.5     3.9 pts
 
                   
Total Mainline Load Factor
    82.5       81.6     0.9 pts
 
                       
Mainline Enplanements
                       
Domestic
    23,108,029       22,176,920       4.2 %
Atlantic
    1,189,907       1,066,163       11.6 %
Latin
    2,005,050       2,123,030       (5.6 )%
 
                   
Total Mainline Enplanements
    26,302,986       25,366,113       3.7 %
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)
JUNE
                         
    2011     2010     Change  
 
                       
Express Revenue Passenger Miles (000)
                       
Domestic
    205,599       200,833       2.4 %
 
                       
Express Available Seat Miles (000)
                       
Domestic
    267,698       269,925       (0.8 )%
 
                       
Express Load Factor (%)
                       
Domestic
    76.8       74.4     2.4 pts
 
                       
Express Enplanements
                       
Domestic
    703,240       715,568       (1.7 )%
QUARTER TO DATE
                         
    2011     2010     Change  
 
                       
Express Revenue Passenger Miles (000)
                       
Domestic
    609,707       566,321       7.7 %
 
                       
Express Available Seat Miles (000)
                       
Domestic
    808,195       779,260       3.7 %
 
                       
Express Load Factor (%)
                       
Domestic
    75.4       72.7     2.7 pts
 
                       
Express Enplanements
                       
Domestic
    2,082,133       2,086,058       (0.2 )%
YEAR TO DATE
                         
    2011     2010     Change  
 
                       
Express Revenue Passenger Miles (000)
                       
Domestic
    1,133,008       1,022,821       10.8 %
 
                       
Express Available Seat Miles (000)
                       
Domestic
    1,580,692       1,487,007       6.3 %
 
                       
Express Load Factor (%)
                       
Domestic
    71.7       68.8     2.9 pts
 
                       
Express Enplanements
                       
Domestic
    3,873,695       3,756,672       3.1 %
Notes:
     
1)   Canada is included in domestic results.

 

 


 

Consolidated US Airways Group, Inc.
JUNE
                         
    2011     2010     Change  
 
                       
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    4,320,324       4,177,392       3.4 %
Atlantic
    1,200,237       1,172,742       2.3 %
Latin
    419,079       442,211       (5.2 )%
 
                   
Total Consolidated Revenue Passenger Miles
    5,939,640       5,792,345       2.5 %
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    4,958,492       4,833,480       2.6 %
Atlantic
    1,393,104       1,327,948       4.9 %
Latin
    497,904       540,006       (7.8 )%
 
                   
Total Consolidated Available Seat Miles
    6,849,500       6,701,434       2.2 %
 
                       
Consolidated Load Factor (%)
                       
Domestic
    87.1       86.4     0.7 pts
Atlantic
    86.2       88.3     (2.1 )pts
Latin
    84.2       81.9     2.3 pts
 
                   
Total Consolidated Load Factor
    86.7       86.4     0.3 pts
 
                       
Consolidated Enplanements
                       
Domestic
    4,780,254       4,672,876       2.3 %
Atlantic
    289,134       289,303       (0.1 )%
Latin
    318,383       343,415       (7.3 )%
 
                   
Total Consolidated Enplanements
    5,387,771       5,305,594       1.5 %
QUARTER TO DATE
                         
    2011     2010     Change  
 
                       
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    12,437,479       11,894,783       4.6 %
Atlantic
    3,116,824       2,854,688       9.2 %
Latin
    1,315,705       1,347,020       (2.3 )%
 
                   
Total Consolidated Revenue Passenger Miles
    16,870,008       16,096,491       4.8 %
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    14,614,234       14,118,818       3.5 %
Atlantic
    3,696,970       3,367,067       9.8 %
Latin
    1,613,116       1,733,631       (7.0 )%
 
                   
Total Consolidated Available Seat Miles
    19,924,320       19,219,516       3.7 %
 
                       
Consolidated Load Factor (%)
                       
Domestic
    85.1       84.2     0.9 pts
Atlantic
    84.3       84.8     (0.5 )pts
Latin
    81.6       77.7     3.9 pts
 
                   
Total Consolidated Load Factor
    84.7       83.8     0.9 pts
 
                       
Consolidated Enplanements
                       
Domestic
    14,132,676       13,725,922       3.0 %
Atlantic
    761,773       705,120       8.0 %
Latin
    986,381       1,035,910       (4.8 )%
 
                   
Total Consolidated Enplanements
    15,880,830       15,466,952       2.7 %
YEAR TO DATE
                         
    2011     2010     Change  
 
                       
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    23,398,847       22,449,008       4.2 %
Atlantic
    4,857,269       4,317,108       12.5 %
Latin
    2,706,842       2,840,093       (4.7 )%
 
                   
Total Consolidated Revenue Passenger Miles
    30,962,958       29,606,209       4.6 %
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    28,110,269       27,304,357       3.0 %
Atlantic
    6,256,460       5,488,584       14.0 %
Latin
    3,364,963       3,712,903       (9.4 )%
 
                   
Total Consolidated Available Seat Miles
    37,731,692       36,505,844       3.4 %
 
                       
Consolidated Load Factor (%)
                       
Domestic
    83.2       82.2     1.0 pts
Atlantic
    77.6       78.7     (1.1 )pts
Latin
    80.4       76.5     3.9 pts
 
                   
Total Consolidated Load Factor
    82.1       81.1     1.0 pts
 
                       
Consolidated Enplanements
                       
Domestic
    26,981,724       25,933,592       4.0 %
Atlantic
    1,189,907       1,066,163       11.6 %
Latin
    2,005,050       2,123,030       (5.6 )%
 
                   
Total Consolidated Enplanements
    30,176,681       29,122,785       3.6 %
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 3,300 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 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. 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 March 31, 2011 and in the Company’s other filings with the SEC, which are available at www.usairways.com.
-LCC-