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
Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State. While the Conference Board released a report on Friday showing a continued increase by its index of leading U.S. economic indicators in the month of August, the pace of growth showed a significant slowdown compared to the previous month.
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.