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8-K - FORM 8-K - US AIRWAYS GROUP INC | c23043e8vk.htm |
Exhibit 99.1
Contact: | US Airways | |||
Dan Cravens | ||||
480-693-5729 |
FOR IMMEDIATE RELEASE
US AIRWAYS REPORTS RECORD SEPTEMBER LOAD FACTOR
TEMPE, Ariz. Oct. 5, 2011 US Airways Group, Inc. (NYSE: LCC) today announced September,
quarter and year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the
month were 4.9 billion, down 0.9 percent versus September 2010. Mainline capacity was 5.8 billion
available seat miles (ASMs), down 2.7 percent versus September 2010. Mainline passenger load factor
was a record 83.6 percent for the month of September, up 1.5 points versus September 2010.
US Airways President Scott Kirby said, Our September consolidated (mainline and Express)
passenger revenue per available seat mile (PRASM) increased approximately 14 percent versus the
same period last year.
For the month of September, US Airways preliminary on-time performance as reported to the
U.S. Department of Transportation was 80.7 percent with a completion factor of 99.1 percent.
The following summarizes US Airways Groups traffic results for the month, quarter and
year-to-date ended September 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
SEPTEMBER
2011 | 2010 | Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
3,488,244 | 3,546,454 | (1.6 | )% | ||||||||
Atlantic |
1,145,351 | 1,110,513 | 3.1 | % | ||||||||
Latin |
232,586 | 252,579 | (7.9 | )% | ||||||||
Total Mainline Revenue Passenger Miles |
4,866,181 | 4,909,546 | (0.9 | )% | ||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
4,142,933 | 4,340,971 | (4.6 | )% | ||||||||
Atlantic |
1,373,587 | 1,316,566 | 4.3 | % | ||||||||
Latin |
301,653 | 319,702 | (5.6 | )% | ||||||||
Total Mainline Available Seat Miles |
5,818,173 | 5,977,239 | (2.7 | )% | ||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
84.2 | 81.7 | 2.5 | pts | ||||||||
Atlantic |
83.4 | 84.3 | (0.9 | )pts | ||||||||
Latin |
77.1 | 79.0 | (1.9 | )pts | ||||||||
Total Mainline Load Factor |
83.6 | 82.1 | 1.5 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
3,666,620 | 3,739,779 | (2.0 | )% | ||||||||
Atlantic |
278,255 | 275,712 | 0.9 | % | ||||||||
Latin |
162,520 | 182,274 | (10.8 | )% | ||||||||
Total Mainline Enplanements |
4,107,395 | 4,197,765 | (2.2 | )% |
QUARTER TO DATE
2011 | 2010 | Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
11,707,721 | 11,495,686 | 1.8 | % | ||||||||
Atlantic |
3,638,419 | 3,481,548 | 4.5 | % | ||||||||
Latin |
1,124,905 | 1,181,361 | (4.8 | )% | ||||||||
Total Mainline Revenue Passenger Miles |
16,471,045 | 16,158,595 | 1.9 | % | ||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
13,500,079 | 13,638,637 | (1.0 | )% | ||||||||
Atlantic |
4,227,803 | 4,091,117 | 3.3 | % | ||||||||
Latin |
1,305,484 | 1,413,235 | (7.6 | )% | ||||||||
Total Mainline Available Seat Miles |
19,033,366 | 19,142,989 | (0.6 | )% | ||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
86.7 | 84.3 | 2.4 | pts | ||||||||
Atlantic |
86.1 | 85.1 | 1.0 | pts | ||||||||
Latin |
86.2 | 83.6 | 2.6 | pts | ||||||||
Total Mainline Load Factor |
86.5 | 84.4 | 2.1 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
11,786,403 | 11,739,989 | 0.4 | % | ||||||||
Atlantic |
894,501 | 862,133 | 3.8 | % | ||||||||
Latin |
839,057 | 884,976 | (5.2 | )% | ||||||||
Total Mainline Enplanements |
13,519,961 | 13,487,098 | 0.2 | % | ||||||||
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
33,973,541 | 32,921,873 | 3.2 | % | ||||||||
Atlantic |
8,495,548 | 7,798,657 | 8.9 | % | ||||||||
Latin |
3,831,759 | 4,021,455 | (4.7 | )% | ||||||||
Total Mainline Revenue Passenger Miles |
46,300,848 | 44,741,985 | 3.5 | % | ||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
40,029,654 | 39,455,988 | 1.5 | % | ||||||||
Atlantic |
10,484,263 | 9,579,701 | 9.4 | % | ||||||||
Latin |
4,670,447 | 5,126,139 | (8.9 | )% | ||||||||
Total Mainline Available Seat Miles |
55,184,364 | 54,161,828 | 1.9 | % | ||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
84.9 | 83.4 | 1.5 | pts | ||||||||
Atlantic |
81.0 | 81.4 | (0.4 | )pts | ||||||||
Latin |
82.0 | 78.4 | 3.6 | pts | ||||||||
Total Mainline Load Factor |
83.9 | 82.6 | 1.3 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
34,884,381 | 33,916,909 | 2.9 | % | ||||||||
Atlantic |
2,091,199 | 1,928,296 | 8.4 | % | ||||||||
Latin |
2,847,257 | 3,008,006 | (5.3 | )% | ||||||||
Total Mainline Enplanements |
39,822,837 | 38,853,211 | 2.5 | % |
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)
SEPTEMBER
2011 | 2010 | Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
189,623 | 197,041 | (3.8 | )% | ||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
252,918 | 266,962 | (5.3 | )% | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
75.0 | 73.8 | 1.2 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
656,124 | 701,118 | (6.4 | )% |
QUARTER TO DATE
2011 | 2010 | Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
592,691 | 602,020 | (1.5 | )% | ||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
797,614 | 823,779 | (3.2 | )% | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
74.3 | 73.1 | 1.2 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
2,036,068 | 2,131,280 | (4.5 | )% |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
1,725,699 | 1,624,842 | 6.2 | % | ||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
2,378,307 | 2,310,786 | 2.9 | % | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
72.6 | 70.3 | 2.3 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
5,909,779 | 5,887,952 | 0.4 | % |
Notes:
1) | Canada is included in domestic results. |
Consolidated US Airways Group, Inc.
SEPTEMBER
2011 | 2010 | Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
3,677,867 | 3,743,495 | (1.8 | )% | ||||||||
Atlantic |
1,145,351 | 1,110,513 | 3.1 | % | ||||||||
Latin |
232,586 | 252,579 | (7.9 | )% | ||||||||
Total Consolidated Revenue Passenger Miles |
5,055,804 | 5,106,587 | (1.0 | )% | ||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
4,395,851 | 4,607,933 | (4.6 | )% | ||||||||
Atlantic |
1,373,587 | 1,316,566 | 4.3 | % | ||||||||
Latin |
301,653 | 319,702 | (5.6 | )% | ||||||||
Total Consolidated Available Seat Miles |
6,071,091 | 6,244,201 | (2.8 | )% | ||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
83.7 | 81.2 | 2.5 | pts | ||||||||
Atlantic |
83.4 | 84.3 | (0.9 | )pts | ||||||||
Latin |
77.1 | 79.0 | (1.9 | )pts | ||||||||
Total Consolidated Load Factor |
83.3 | 81.8 | 1.5 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
4,322,744 | 4,440,897 | (2.7 | )% | ||||||||
Atlantic |
278,255 | 275,712 | 0.9 | % | ||||||||
Latin |
162,520 | 182,274 | (10.8 | )% | ||||||||
Total Consolidated Enplanements |
4,763,519 | 4,898,883 | (2.8 | )% |
QUARTER TO DATE
2011 | 2010 | Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
12,300,412 | 12,097,706 | 1.7 | % | ||||||||
Atlantic |
3,638,419 | 3,481,548 | 4.5 | % | ||||||||
Latin |
1,124,905 | 1,181,361 | (4.8 | )% | ||||||||
Total Consolidated Revenue Passenger Miles |
17,063,736 | 16,760,615 | 1.8 | % | ||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
14,297,693 | 14,462,416 | (1.1 | )% | ||||||||
Atlantic |
4,227,803 | 4,091,117 | 3.3 | % | ||||||||
Latin |
1,305,484 | 1,413,235 | (7.6 | )% | ||||||||
Total Consolidated Available Seat Miles |
19,830,980 | 19,966,768 | (0.7 | )% | ||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
86.0 | 83.6 | 2.4 | pts | ||||||||
Atlantic |
86.1 | 85.1 | 1.0 | pts | ||||||||
Latin |
86.2 | 83.6 | 2.6 | pts | ||||||||
Total Consolidated Load Factor |
86.0 | 83.9 | 2.1 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
13,822,471 | 13,871,269 | (0.4 | )% | ||||||||
Atlantic |
894,501 | 862,133 | 3.8 | % | ||||||||
Latin |
839,057 | 884,976 | (5.2 | )% | ||||||||
Total Consolidated Enplanements |
15,556,029 | 15,618,378 | (0.4 | )% |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
35,699,240 | 34,546,715 | 3.3 | % | ||||||||
Atlantic |
8,495,548 | 7,798,657 | 8.9 | % | ||||||||
Latin |
3,831,759 | 4,021,455 | (4.7 | )% | ||||||||
Total Consolidated Revenue Passenger Miles |
48,026,547 | 46,366,827 | 3.6 | % | ||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
42,407,961 | 41,766,774 | 1.5 | % | ||||||||
Atlantic |
10,484,263 | 9,579,701 | 9.4 | % | ||||||||
Latin |
4,670,447 | 5,126,139 | (8.9 | )% | ||||||||
Total Consolidated Available Seat Miles |
57,562,671 | 56,472,614 | 1.9 | % | ||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
84.2 | 82.7 | 1.5 | pts | ||||||||
Atlantic |
81.0 | 81.4 | (0.4 | )pts | ||||||||
Latin |
82.0 | 78.4 | 3.6 | pts | ||||||||
Total Consolidated Load Factor |
83.4 | 82.1 | 1.3 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
40,794,160 | 39,804,861 | 2.5 | % | ||||||||
Atlantic |
2,091,199 | 1,928,296 | 8.4 | % | ||||||||
Latin |
2,847,257 | 3,008,006 | (5.3 | )% | ||||||||
Total Consolidated Enplanements |
45,732,616 | 44,741,163 | 2.2 | % |
Notes:
1) | Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. |
|
2) | Latin numbers include the Caribbean. |
US Airways
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 and 2011. The
airline also earned a 100 percent rating on the Human Rights Campaign Corporate Equality index for
the sixth year in a row. The Corporate Equality index is 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, would, 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, booking practices 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 or our focus
city; our reliance on third-party regional operators or third-party service providers; our reliance
on and costs, rights and functionality of third-party distribution channels, including those
provided by global distribution systems, conventional travel agents 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 or
reductions in available insurance coverage; 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-