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8-K - FORM 8-K - US AIRWAYS GROUP INC | c22175e8vk.htm |
Exhibit 99.1
Contact: | US Airways | |||
Dan Cravens | ||||
480-693-5729 |
FOR IMMEDIATE RELEASE
US AIRWAYS REPORTS RECORD AUGUST LOAD FACTOR
TEMPE, Ariz. Sept. 6, 2011 US Airways Group, Inc. (NYSE: LCC) today announced August and
year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.6
billion, up 1.2 percent versus August 2010. Mainline capacity was 6.4 billion available seat miles
(ASMs), down 1.3 percent versus August 2010. Mainline passenger load factor was a record 87.4
percent for the month of August, up 2.2 points versus August 2010.
US Airways President Scott Kirby said, Our August consolidated (mainline and Express)
passenger revenue per available seat mile (PRASM) increased approximately 9 percent versus the same
period last year.
US Airways August operations were negatively impacted by the hurricane. Due to the size and
severity of the storm, flight operations were suspended at Philadelphia, Washington National, New
York City, and Boston airports. As a result, the Company cancelled approximately a quarter of its
9,100 scheduled flights from Aug. 27 through Aug. 29. The Companys preliminary estimate is that
the hurricane resulted in a reduction in operating income of approximately $8 million to $10 million.
In response to managing the operational challenges presented
by Hurricane Irene, Kirby said Our 32,000 team members did a terrific job. Thanks to the preparation and planning work that went
into this significant weather event, no one was injured and our facilities, aircraft and infrastructure were not damaged. We were
also able to re-activate our fleet and get the airline up and running at full capacity safely and quickly with minimal impact
to our customers following the storm.
These
hurricane-related cancellations drove a completion factor for August of 96.5 percent. For
the month of August, US Airways preliminary on-time performance as reported to the U.S. Department
of Transportation was 74.2 percent.
The following summarizes US Airways Groups traffic results for the month and year-to-date
ended August 31, 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
AUGUST
2011 | 2010 | Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
3,970,623 | 3,918,288 | 1.3 | % | ||||||||
Atlantic |
1,220,805 | 1,173,464 | 4.0 | % | ||||||||
Latin |
406,450 | 440,142 | (7.7 | )% | ||||||||
Total Mainline Revenue Passenger Miles |
5,597,878 | 5,531,894 | 1.2 | % | ||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
4,532,087 | 4,585,239 | (1.2 | )% | ||||||||
Atlantic |
1,410,017 | 1,389,579 | 1.5 | % | ||||||||
Latin |
466,415 | 516,838 | (9.8 | )% | ||||||||
Total Mainline Available Seat Miles |
6,408,519 | 6,491,656 | (1.3 | )% | ||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
87.6 | 85.5 | 2.1 | pts | ||||||||
Atlantic |
86.6 | 84.4 | 2.2 | pts | ||||||||
Latin |
87.1 | 85.2 | 1.9 | pts | ||||||||
Total Mainline Load Factor |
87.4 | 85.2 | 2.2 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
3,984,717 | 4,002,398 | (0.4 | )% | ||||||||
Atlantic |
294,517 | 290,151 | 1.5 | % | ||||||||
Latin |
303,198 | 331,897 | (8.6 | )% | ||||||||
Total Mainline Enplanements |
4,582,432 | 4,624,446 | (0.9 | )% |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
30,485,337 | 29,375,419 | 3.8 | % | ||||||||
Atlantic |
7,350,226 | 6,688,144 | 9.9 | % | ||||||||
Latin |
3,599,153 | 3,768,875 | (4.5 | )% | ||||||||
Total Mainline Revenue Passenger Miles |
41,434,716 | 39,832,438 | 4.0 | % | ||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
35,886,722 | 35,115,016 | 2.2 | % | ||||||||
Atlantic |
9,110,676 | 8,263,135 | 10.3 | % | ||||||||
Latin |
4,368,793 | 4,806,436 | (9.1 | )% | ||||||||
Total Mainline Available Seat Miles |
49,366,191 | 48,184,587 | 2.5 | % | ||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
84.9 | 83.7 | 1.2 | pts | ||||||||
Atlantic |
80.7 | 80.9 | (0.2 | ) pts | ||||||||
Latin |
82.4 | 78.4 | 4.0 | pts | ||||||||
Total Mainline Load Factor |
83.9 | 82.7 | 1.2 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
31,228,089 | 30,177,130 | 3.5 | % | ||||||||
Atlantic |
1,805,781 | 1,652,584 | 9.3 | % | ||||||||
Latin |
2,681,713 | 2,825,732 | (5.1 | )% | ||||||||
Total Mainline Enplanements |
35,715,583 | 34,655,446 | 3.1 | % |
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)
AUGUST
2011 | 2010 | Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
198,598 | 202,988 | (2.2 | )% | ||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
270,395 | 278,982 | (3.1 | )% | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
73.4 | 72.8 | 0.6 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
681,028 | 721,003 | (5.5 | )% |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
1,536,072 | 1,427,801 | 7.6 | % | ||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
2,125,386 | 2,043,823 | 4.0 | % | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
72.3 | 69.9 | 2.4 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
5,253,643 | 5,186,834 | 1.3 | % |
Notes: |
||
1) | Canada is included in domestic results. |
Consolidated US Airways Group, Inc.
AUGUST
2011 | 2010 | Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
4,169,221 | 4,121,276 | 1.2 | % | ||||||||
Atlantic |
1,220,805 | 1,173,464 | 4.0 | % | ||||||||
Latin |
406,450 | 440,142 | (7.7 | )% | ||||||||
Total Consolidated Revenue Passenger Miles |
5,796,476 | 5,734,882 | 1.1 | % | ||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
4,802,482 | 4,864,221 | (1.3 | )% | ||||||||
Atlantic |
1,410,017 | 1,389,579 | 1.5 | % | ||||||||
Latin |
466,415 | 516,838 | (9.8 | )% | ||||||||
Total Consolidated Available Seat Miles |
6,678,914 | 6,770,638 | (1.4 | )% | ||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
86.8 | 84.7 | 2.1 | pts | ||||||||
Atlantic |
86.6 | 84.4 | 2.2 | pts | ||||||||
Latin |
87.1 | 85.2 | 1.9 | pts | ||||||||
Total Consolidated Load Factor |
86.8 | 84.7 | 2.1 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
4,665,745 | 4,723,401 | (1.2 | )% | ||||||||
Atlantic |
294,517 | 290,151 | 1.5 | % | ||||||||
Latin |
303,198 | 331,897 | (8.6 | )% | ||||||||
Total Consolidated Enplanements |
5,263,460 | 5,345,449 | (1.5 | )% |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
32,021,409 | 30,803,220 | 4.0 | % | ||||||||
Atlantic |
7,350,226 | 6,688,144 | 9.9 | % | ||||||||
Latin |
3,599,153 | 3,768,875 | (4.5 | )% | ||||||||
Total Consolidated Revenue Passenger Miles |
42,970,788 | 41,260,239 | 4.1 | % | ||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
38,012,108 | 37,158,839 | 2.3 | % | ||||||||
Atlantic |
9,110,676 | 8,263,135 | 10.3 | % | ||||||||
Latin |
4,368,793 | 4,806,436 | (9.1 | )% | ||||||||
Total Consolidated Available Seat Miles |
51,491,577 | 50,228,410 | 2.5 | % | ||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
84.2 | 82.9 | 1.3 | pts | ||||||||
Atlantic |
80.7 | 80.9 | (0.2 | )pts | ||||||||
Latin |
82.4 | 78.4 | 4.0 | pts | ||||||||
Total Consolidated Load Factor |
83.5 | 82.1 | 1.4 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
36,481,732 | 35,363,964 | 3.2 | % | ||||||||
Atlantic |
1,805,781 | 1,652,584 | 9.3 | % | ||||||||
Latin |
2,681,713 | 2,825,732 | (5.1 | )% | ||||||||
Total Consolidated Enplanements |
40,969,226 | 39,842,280 | 2.8 | % |
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 3,200
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
more than 21,000 daily flights to 1,185 airports in 185 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 magazines 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 Companys 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 Companys management and are subject to significant risks and uncertainties that could cause
the Companys 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 Companys Report on Form 10-Q for the quarter ended
June 30, 2011 and in the Companys other filings with the SEC, which are available at
www.usairways.com.
-LCC-