Breaking News
FONT-SIZE Plus   Neg
Share SHARE

US Airways Group June Consolidated Traffic, Capacity, Load Factor Improve

Airline operator US Airways Group, Inc. (LCC: Quote), which is in a merger with American Airlines' parent AMR Corp. (AAMRQ), reported Wednesday operational results for the airline for the month of June. Consolidated traffic grew 7.0 percent, capacity was up 4.9 percent and load factor improved 1.7 percentage points.

The airline said its preliminary on-time performance as reported to the U.S. Department of Transportation was 73.0 percent in June, with a completion factor of 98.6 percent.

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

Tempe, Arizona-based US Airways' consolidated June traffic, measured in revenue passenger miles or RPMs, grew 7.0 percent to 6.46 billion from the same month last year. American region traffic rose 6.8 percent, Latin region traffic increased 12.2 percent, and Atlantic region traffic improved 5.6 percent.

Consolidated capacity, measured in terms of available seat miles, or ASMs, grew 4.8 percent to 7.36 billion from June 2012. American region capacity increased 4.4 percent, Latin region capacity grew 13.4 percent, and Atlantic region capacity improved 3.6 percent.

Consolidated passenger load factor for the month of June reached 87.8 percent, up 1.7 percentage points from 86.1 percent in the year-ago month. American region grew 2.0 percentage points, and Atlantic region was up 1.6 percentage points, while Latin region declined 0.9 percentage points.

Total enplanements in June grew 6.1 percent to 5.72 million from June last year. Enplanements for American region was up 6.1 percent, rose 7.0 percent for Latin region, and improved 4.5 percent for Atlantic region.

US Airways mainline June traffic was up 7.3 percent to 6.25 billion RPMs from the year-ago, and mainline capacity grew 5.3 percent to 7.09 billion ASMs from June 2012. Load factor was up 1.7 percentage points to 88.2 percent from last year.

Meanwhile, June traffic for US Airways Express, covering only American region and operated by Piedmont Airlines and PSA Airlines, decreased 1.8 percent to 207.24 million RPMs from the year-ago month. Capacity also declined 4.0 percent to 265.76 million ASMs, while load factor improved 1.8 percentage points to 78.0 percent from the same month last year.

For the year-to-date six-month period, US Airways' consolidated traffic grew 5.1 percent to 33.46 billion RPMs from the year-ago period, and consolidated capacity also increased 2.7 percent to 39.76 billion ASMs from the prior-year period. Consolidated load factor for the period improved 1.9 percentage point to 84.2 percent from the same period last year.

LCC closed Thursday's regular trading session at $16.43, down $0.35 on a volume of 4.01 million shares.

Register
To receive FREE breaking news email alerts for US Airways Group and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.