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8-K - FORM 8-K - US AIRWAYS GROUP INC | c25549e8vk.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. 5, 2011 US Airways Group, Inc. (NYSE: LCC) today announced November and
year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.7
billion, up 3.4 percent versus November 2010. Mainline capacity was 5.6 billion available seat
miles (ASMs), down 0.6 percent versus November 2010. Mainline passenger load factor was a record
83.8 percent for the month of November, up 3.2 points versus November 2010.
US Airways President Scott Kirby said, Our November consolidated (mainline and Express)
passenger revenue per available seat mile (PRASM) increased approximately 13 percent versus the
same period last year.
I would like to thank our 32,000 team members for doing an outstanding job of taking care of
our customers during the busy Thanksgiving holiday travel period. Despite the high volume of
passengers and full flights, our team delivered its best Thanksgiving holiday weekend on-time
performance since our merger in 2005.
For the month of November, US Airways preliminary on-time performance as reported to the U.S.
Department of Transportation was 87.5 percent with a completion factor of 99.3 percent.
The following summarizes US Airways Groups traffic results for the month and year-to-date
ended November 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
NOVEMBER
2011 | 2010 | Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
3,644,236 | 3,540,066 | 2.9 | % | ||||||||
Atlantic |
653,014 | 618,160 | 5.6 | % | ||||||||
Latin |
359,900 | 347,949 | 3.4 | % | ||||||||
Total Mainline Revenue Passenger Miles |
4,657,150 | 4,506,175 | 3.4 | % | ||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
4,236,284 | 4,310,254 | (1.7 | )% | ||||||||
Atlantic |
880,103 | 839,570 | 4.8 | % | ||||||||
Latin |
440,445 | 441,684 | (0.3 | )% | ||||||||
Total Mainline Available Seat Miles |
5,556,832 | 5,591,508 | (0.6 | )% | ||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
86.0 | 82.1 | 3.9 | pts | ||||||||
Atlantic |
74.2 | 73.6 | 0.6 | pts | ||||||||
Latin |
81.7 | 78.8 | 2.9 | pts | ||||||||
Total Mainline Load Factor |
83.8 | 80.6 | 3.2 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
3,940,486 | 3,811,192 | 3.4 | % | ||||||||
Atlantic |
157,295 | 152,567 | 3.1 | % | ||||||||
Latin |
263,563 | 263,502 | | % | ||||||||
Total Mainline Enplanements |
4,361,344 | 4,227,261 | 3.2 | % |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Mainline Revenue Passenger Miles (000) |
||||||||||||
Domestic |
41,286,438 | 40,252,237 | 2.6 | % | ||||||||
Atlantic |
10,096,606 | 9,316,829 | 8.4 | % | ||||||||
Latin |
4,485,962 | 4,667,689 | (3.9 | )% | ||||||||
Total Mainline Revenue Passenger Miles |
55,869,006 | 54,236,755 | 3.0 | % | ||||||||
Mainline Available Seat Miles (000) |
||||||||||||
Domestic |
48,594,094 | 48,290,660 | 0.6 | % | ||||||||
Atlantic |
12,534,998 | 11,504,263 | 9.0 | % | ||||||||
Latin |
5,478,263 | 5,925,607 | (7.5 | )% | ||||||||
Total Mainline Available Seat Miles |
66,607,355 | 65,720,530 | 1.3 | % | ||||||||
Mainline Load Factor (%) |
||||||||||||
Domestic |
85.0 | 83.4 | 1.6 | pts | ||||||||
Atlantic |
80.5 | 81.0 | (0.5 | )pts | ||||||||
Latin |
81.9 | 78.8 | 3.1 | pts | ||||||||
Total Mainline Load Factor |
83.9 | 82.5 | 1.4 | pts | ||||||||
Mainline Enplanements |
||||||||||||
Domestic |
42,766,665 | 41,778,192 | 2.4 | % | ||||||||
Atlantic |
2,488,975 | 2,304,315 | 8.0 | % | ||||||||
Latin |
3,331,122 | 3,493,139 | (4.6 | )% | ||||||||
Total Mainline Enplanements |
48,586,762 | 47,575,646 | 2.1 | % |
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)
NOVEMBER
2011 | 2010 | Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
188,879 | 193,305 | (2.3 | )% | ||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
252,731 | 264,532 | (4.5 | )% | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
74.7 | 73.1 | 1.6 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
654,096 | 676,022 | (3.2 | )% |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Express Revenue Passenger Miles (000) |
||||||||||||
Domestic |
2,116,754 | 2,031,267 | 4.2 | % | ||||||||
Express Available Seat Miles (000) |
||||||||||||
Domestic |
2,896,512 | 2,848,690 | 1.7 | % | ||||||||
Express Load Factor (%) |
||||||||||||
Domestic |
73.1 | 71.3 | 1.8 | pts | ||||||||
Express Enplanements |
||||||||||||
Domestic |
7,261,136 | 7,324,648 | (0.9 | )% |
Notes:
1) | Canada is included in domestic results. |
Consolidated US Airways Group, Inc.
NOVEMBER
2011 | 2010 | Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
3,833,115 | 3,733,371 | 2.7 | % | ||||||||
Atlantic |
653,014 | 618,160 | 5.6 | % | ||||||||
Latin |
359,900 | 347,949 | 3.4 | % | ||||||||
Total Consolidated Revenue Passenger Miles |
4,846,029 | 4,699,480 | 3.1 | % | ||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
4,489,015 | 4,574,786 | (1.9 | )% | ||||||||
Atlantic |
880,103 | 839,570 | 4.8 | % | ||||||||
Latin |
440,445 | 441,684 | (0.3 | )% | ||||||||
Total Consolidated Available Seat Miles |
5,809,563 | 5,856,040 | (0.8 | )% | ||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
85.4 | 81.6 | 3.8 | pts | ||||||||
Atlantic |
74.2 | 73.6 | 0.6 | pts | ||||||||
Latin |
81.7 | 78.8 | 2.9 | pts | ||||||||
Total Consolidated Load Factor |
83.4 | 80.3 | 3.1 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
4,594,582 | 4,487,214 | 2.4 | % | ||||||||
Atlantic |
157,295 | 152,567 | 3.1 | % | ||||||||
Latin |
263,563 | 263,502 | | % | ||||||||
Total Consolidated Enplanements |
5,015,440 | 4,903,283 | 2.3 | % |
YEAR TO DATE
2011 | 2010 | Change | ||||||||||
Consolidated Revenue Passenger Miles (000) |
||||||||||||
Domestic |
43,403,192 | 42,283,504 | 2.6 | % | ||||||||
Atlantic |
10,096,606 | 9,316,829 | 8.4 | % | ||||||||
Latin |
4,485,962 | 4,667,689 | (3.9 | )% | ||||||||
Total Consolidated Revenue Passenger Miles |
57,985,760 | 56,268,022 | 3.1 | % | ||||||||
Consolidated Available Seat Miles (000) |
||||||||||||
Domestic |
51,490,606 | 51,139,350 | 0.7 | % | ||||||||
Atlantic |
12,534,998 | 11,504,263 | 9.0 | % | ||||||||
Latin |
5,478,263 | 5,925,607 | (7.5 | )% | ||||||||
Total Consolidated Available Seat Miles |
69,503,867 | 68,569,220 | 1.4 | % | ||||||||
Consolidated Load Factor (%) |
||||||||||||
Domestic |
84.3 | 82.7 | 1.6 | pts | ||||||||
Atlantic |
80.5 | 81.0 | (0.5 | )pts | ||||||||
Latin |
81.9 | 78.8 | 3.1 | pts | ||||||||
Total Consolidated Load Factor |
83.4 | 82.1 | 1.3 | pts | ||||||||
Consolidated Enplanements |
||||||||||||
Domestic |
50,027,801 | 49,102,840 | 1.9 | % | ||||||||
Atlantic |
2,488,975 | 2,304,315 | 8.0 | % | ||||||||
Latin |
3,331,122 | 3,493,139 | (4.6 | )% | ||||||||
Total Consolidated Enplanements |
55,847,898 | 54,900,294 | 1.7 | % |
Notes:
1) | Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. |
|
2) | Latin numbers include the Caribbean. |
US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,000 flights
per day and serves 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the
Caribbean, Central and South America. The airline employs more than 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, 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 September 30,
2011 and in the Companys other filings with the SEC, which are available at www.usairways.com.
-LCC-