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Last updated on April 18, 2014 at 7:29 EDT

US Airways Reports Record January Load Factor

February 5, 2013

TEMPE, Ariz., Feb. 5, 2013 /PRNewswire/ — US Airways Group, Inc. (NYSE: LCC) today announced January 2013 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.9 billion, up 4.8 percent versus January 2012. Mainline capacity was 6.0 billion available seat miles (ASMs), up 1.8 percent versus January 2012. Mainline passenger load factor was a record 81.1 percent for the month of January, up 2.3 points versus January 2012.

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US Airways’ President Scott Kirby said, “Our January consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately three percent versus the same period last year. I would like to thank our team of 32,000 employees for providing outstanding customer service and continuing our operational excellence. We concluded the month with a record January completion factor and load factor and look forward to delivering more records in the year ahead.”

For the month of January, US Airways’ preliminary on-time performance as reported to the U.S. Department of Transportation was 83.0 percent with a completion factor of 99.2 percent.

The following summarizes US Airways Group’s traffic results for the month ended January 31, 2013 and 2012, 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

    JANUARY
                                                                      2013      2012 Change
                                                                      ----      ---- ------

    Mainline Revenue Passenger
     Miles (000)
                               Domestic                          3,802,137 3,598,619    5.7%
                               Atlantic                            584,300   591,296  (1.2)%
                               Latin                               468,446   442,698    5.8%
                                                                     -----   -------
                                Total Mainline Revenue Passenger
                                Miles                            4,854,883 4,632,613    4.8%

    Mainline Available Seat
     Miles (000)
                               Domestic                          4,565,317 4,393,572    3.9%
                               Atlantic                            843,461   915,734  (7.9)%
                               Latin                               574,324   569,708    0.8%
                                                                     -----   -------
                                Total Mainline Available Seat
                                Miles                            5,983,102 5,879,014    1.8%

    Mainline Load Factor (%)
                               Domestic                               83.3      81.9    1.4  pts
                               Atlantic                               69.3      64.6    4.7  pts
                               Latin                                  81.6      77.7    3.9  pts
                                                                      ----      ----
                               Total Mainline Load Factor             81.1      78.8    2.3  pts

    Mainline Enplanements
                               Domestic                          3,907,977 3,830,464    2.0%
                               Atlantic                            141,234   144,871  (2.5)%
                               Latin                               327,524   316,823    3.4%
                                                                     -----   -------
                               Total Mainline Enplanements       4,376,735 4,292,158    2.0%
    Notes:
                 Canada, Puerto
                 Rico and U.S.
                 Virgin Islands
                 are included
                 in the
                 domestic
            1)   results.
            2)   Latin numbers
                 include the
                 Caribbean.

    US Airways Express (Piedmont Airlines, PSA Airlines)

    JANUARY
                                                            2013    2012 Change
                                                            ----    ---- ------

    Express Revenue Passenger
     Miles (000)
                                  Domestic               186,218 166,653   11.7%

    Express Available Seat Miles
     (000)
                                  Domestic               264,109 255,210    3.5%

    Express Load Factor (%)
                                  Domestic                  70.5    65.3    5.2  pts

    Express Enplanements
                                  Domestic               621,634 589,953    5.4%
    Notes:
            1)   Canada is included in
                 domestic results.

    Consolidated US Airways Group, Inc.

    JANUARY
                                                                         2013      2012 Change
                                                                         ----      ---- ------

    Consolidated Revenue
     Passenger Miles (000)
                                 Domestic                           3,988,355 3,765,272    5.9%
                                 Atlantic                             584,300   591,296  (1.2)%
                                 Latin                                468,446   442,698    5.8%
                                                                        -----   -------
                                  Total Consolidated Revenue
                                  Passenger Miles                   5,041,101 4,799,266    5.0%

    Consolidated Available Seat
     Miles (000)
                                 Domestic                           4,829,426 4,648,782    3.9%
                                 Atlantic                             843,461   915,734  (7.9)%
                                 Latin                                574,324   569,708    0.8%
                                                                        -----   -------
                                  Total Consolidated Available Seat
                                  Miles                             6,247,211 6,134,224    1.8%

    Consolidated Load Factor
     (%)
                                 Domestic                                82.6      81.0    1.6  pts
                                 Atlantic                                69.3      64.6    4.7  pts
                                 Latin                                   81.6      77.7    3.9  pts
                                                                         ----      ----
                                 Total Consolidated Load Factor          80.7      78.2    2.5  pts

    Consolidated Enplanements
                                 Domestic                           4,529,611 4,420,417    2.5%
                                 Atlantic                             141,234   144,871  (2.5)%
                                 Latin                                327,524   316,823    3.4%
                                                                        -----   -------
                                 Total Consolidated Enplanements    4,998,369 4,882,111    2.4%
    Notes:
                    Canada, Puerto
                    Rico and U.S.
                    Virgin Islands
                    are included in
                    the domestic
    1)              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 198 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, operates the world’s largest fleet of Airbus aircraft and is a member of the Star Alliance network, which offers its customers more than 21,900 daily flights to 1,329 airports in 194 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. Aviation Week and Overhaul & Maintenance magazine presented US Airways with the 2012 Aviation Maintenance, Repair and Overhaul (MRO) of the Year Award for demonstrating outstanding achievement and innovation in the area of technical operations. Military Times Edge magazine named US Airways as a Best of Vets employer in 2011 and 2012. US Airways was, for the third year in a row, the only airline included as one of the 50 best companies to work for in the U.S. by LATINA Style magazine’s 50 Report. The airline also earned a 100 percent rating on the Human Rights Campaign Corporate Equality index for six consecutive years. The Corporate Equality index is a leading indicator of companies’ attitudes and policies toward lesbian, gay, bisexual and transgender employees and customers. 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 Company’s 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 Company’s management and are subject to significant risks and uncertainties that could cause the Company’s 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; the impact of the price and availability of fuel and significant disruptions in the supply of aircraft fuel; competitive practices in the industry, including the impact of industry consolidation; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the Company’s high level of fixed obligations and ability to fund general corporate requirements, obtain additional financing and respond to competitive developments; any failure to comply with the liquidity covenants contained in financing arrangements; provisions in credit card processing and other commercial agreements that may affect the Company’s liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; the inability to maintain labor costs at competitive levels; interruptions or disruptions in service at one or more of the Company’s hub airports or focus city; regulatory changes affecting the allocation of slots; the Company’s reliance on third-party regional operators or third-party service providers; the Company’s 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 regulation; the impact of changes to the Company’s business model the loss of key personnel or inability to attract and retain qualified personnel; the impact of conflicts overseas or terrorist attacks, and the impact of ongoing security concerns; the Company’s ability to operate and grow its route network; the impact of environmental regulation; the Company’s reliance on technology and automated systems and the impact of any failure or disruption of, or delay in, these technologies or systems; costs of ongoing data security compliance requirements and the impact of any significant data security breach; the impact of any accident involving the Company’s aircraft or the aircraft of its regional operators; delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity; the Company’s dependence on a limited number of suppliers for aircraft, aircraft engines and parts; the Company’s ability to operate profitably out of Philadelphia International Airport; 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; the Company’s ability to use NOLs and certain other tax attributes; and other risks and uncertainties listed from time to time in the Company’s 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 Company’s Report on Form 10-Q for the quarter ended September 30, 2012 and in the Company’s other filings with the SEC, which are available at www.usairways.com.

-LCC-

SOURCE US Airways


Source: PR Newswire