logo
Plus   Neg
Share
Email

US Airways Group November Consolidated Traffic Up 3.1% - Update

Airline operator US Airways Group, Inc. (LCC) reported Monday operational results for the airlines for the month of November. Consolidated traffic grew 3.1 percent, and load factor increased 3.1 percentage points, while capacity edged down 0.8. The airlines' performance was positively impacted by the busy Thanksgiving holiday travel in the last week of the month.

The airline also said its preliminary on-time performance as reported to the U.S. Department of Transportation was 87.5 percent in November, with a completion factor of 99.3 percent that was positively impacted by the busy Thanksgiving holiday travel.

"Our November consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 13 percent versus the same period last year," President Scott Kirby said in a statement.

Tempe, Arizona-based US Airways' consolidated November traffic, measured in revenue passenger miles, or RPMs, grew 3.1 percent to 4.85 billion from the same month last year. American region traffic increased 2.7 percent, Atlantic region traffic rose 5.6 percent, and Latin region traffic grew 3.4 percent.

Consolidated capacity, measured in terms of available seat miles, or ASMs, edged down 0.8 percent to 5.81 billion from November 2010. American region capacity declined 1.9 percent, and Latin region capacity edged down 0.3 percent, while Atlantic region capacity grew 4.8 percent.

Consolidated passenger load factor for the month of November reached 83.4 percent, up 3.1 percentage points from 80.3 percent in the year-ago month. American region load factor grew 3.8 percentage points, Atlantic region load factor increased 0.6 percentage points, and Latin region load factor rose 2.9 percentage points.

Total enplanements in November increased 2.3 percent to 5.02 million from November last year. Enplanements for American region grew 2.4 percent, and Atlantic region advanced 3.1 percent, while Latin region remained flat with last year.

US Airways mainline November traffic advanced 3.4 percent to 4.66 billion RPMs from the year-ago, while mainline capacity edged down 0.6 percent to 5.56 billion ASMs from November 2010.

Mainline load factor for the month of November rose 3.2 percentage points to 83.8 percent from the same month last year. Total mainline enplanements in November increased 3.2 percent to 4.36 million from November last year.

November traffic for US Airways express, covering only American region and operated by Piedmont Airlines and PSA Airlines, decreased 2.3 percent to 188.88 million RPMs from the year-ago month. Express capacity declined 4.5 percent to 252.73 million ASMs from November 2010.

However, Express load factor for the month of November grew 1.6 percentage points to 74.7 percent from the same month last year. Meanwhile, total express enplanements in November decreased 3.2 percent to 654,096 from November last year.

For the year-to-date period, US Airways' consolidated traffic grew 3.1 percent to 57.99 billion RPMs from the year-ago period, and consolidated capacity increased 1.4 percent to 69.50 billion ASMs from the prior-year period. Consolidated load factor for the period also rose 1.3 percentage points to 83.4 percent from the same period last year.

LCC closed Friday's regular trading session at $4.84, down $0.16 on a volume of 6.18 million shares.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT