US Airways Group, Inc. (LCC), Wednesday, reported a 1.3% decline in consolidated traffic for the month of January, on a capacity reduction of 0.6% and a load factor decline of 0.6 percentage points.
For January, consolidated traffic declined 1.3% to 4.44 billion RPMs, or revenue passenger miles, from 4.50 billion RPMs last year.
Consolidated capacity, measured in available seat miles, or ASMs, was 5.96 billion, down 0.6% from 6.00 billion last year. Load factor reduced 0.6 percentage points to 74.4% from 75%. Total consolidated enplanements was down 3.8% to 4.42 billion from 4.60 billion last year.
For Mainline, January traffic decreased 1.4% to 4.29 billion RPMs from 4.35 billion RPMs last year. Capacity was 5.72 billion ASMs, down 0.4% from 5.74 billion ASMs last year. Load factor declined 0.7 percentage points year-over-year to 75.1%.
For US Airways Express, which includes Piedmont Airlines and PSA Airlines, traffic declined 1% to 145.04 million RPMs from 146.43 million RPMs. Capacity dropped 4.7% to 244.13 million ASMs from 256.04 million ASMs last year. Load factor improved 2.2 percentage points to 59.4%.
"Looking forward, the encouraging revenue momentum we saw in late 2009 has carried into 2010 in both corporate revenue and booked yields," said US Airways President Scott Kirby.
LCC shares are currently trading at $5.875 per share, down 1.43% on the NYSE.
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