US Airways Group, Inc. Reports May Traffic
TEMPE, Ariz., June 6 /PRNewswire-FirstCall/ -- US Airways Group, Inc. (NYSE: LCC) today reported May and year-to-date results for 2007. Revenue passenger miles (RPMs) for the month were 5.6 billion, up 0.1 percent from May 2006. Capacity was 6.8 billion available seat miles (ASMs), down 1.8 percent from May 2006. The passenger load factor for May was a record 81.5 percent versus 79.9 percent in May 2006. (Logo: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO ) "Our consolidated (mainline and Express) passenger revenue per available seat mile was down in May when compared to the same period last year," said US Airways President Scott Kirby. "As we head into the busy summer travel season, we are encouraged by improvements in our overall operational performance. We believe that the customer service improvements recently announced will further enhance our customers' experiences this summer." America West and US Airways report combined operational performance to the Department of Transportation. For the month of May 2007, the combined domestic on-time performance was 68.0 percent with a completion factor of 98.6 percent. The following summarizes US Airways Group's traffic results for the month and five months ended May 2007 and 2006, consisting of America West and US Airways mainline operated flights as well as US Airways Express operated flights consisting of wholly owned subsidiaries PSA Airlines and Piedmont Airlines. Consolidated US Airways Group, Inc. MAY 2007 2006 % Change Consolidated Revenue Passenger Miles (000) Domestic 4,524,608 4,597,373 (1.6) Atlantic 716,269 620,768 15.4 Latin 324,539 339,936 (4.5) Total Consolidated Revenue Passenger Miles 5,565,416 5,558,077 0.1 Consolidated Available Seat Miles (000) Domestic 5,484,882 5,703,406 (3.8) Atlantic 932,421 801,454 16.3 Latin 413,674 453,242 (8.7) Total Consolidated Available Seat Miles 6,830,977 6,958,102 (1.8) Consolidated Load Factor (%) Domestic 82.5 80.6 1.9 pts Atlantic 76.8 77.5 (0.7)pts Latin 78.5 75.0 3.5 pts Total Consolidated Load Factor 81.5 79.9 1.6 pts Consolidated Enplanements Domestic 5,451,675 5,399,198 1.0 Atlantic 181,312 160,448 13.0 Latin 270,807 290,832 (6.9) Total Consolidated Enplanements 5,903,794 5,850,478 0.9 YEAR TO DATE 2007 2006 % Change Consolidated Revenue Passenger Miles (000) Domestic 21,765,113 21,497,141 1.2 Atlantic 2,413,161 2,287,728 5.5 Latin 1,847,735 1,921,689 (3.8) Total Consolidated Revenue Passenger Miles 26,026,009 25,706,558 1.2 Consolidated Available Seat Miles (000) Domestic 27,145,743 27,315,007 (0.6) Atlantic 3,324,952 3,065,363 8.5 Latin 2,416,134 2,602,003 (7.1) Total Consolidated Available Seat Miles 32,886,829 32,982,373 (0.3) Consolidated Load Factor (%) Domestic 80.2 78.7 1.5 pts Atlantic 72.6 74.6 (2.0)pts Latin 76.5 73.9 2.6 pts Total Consolidated Load Factor 79.1 77.9 1.2 pts Consolidated Enplanements Domestic 25,608,853 25,299,915 1.2 Atlantic 613,453 586,406 4.6 Latin 1,470,130 1,557,255 (5.6) Total Consolidated Enplanements 27,692,436 27,443,576 0.9 Notes: 1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. 2) Latin numbers include the Caribbean. US Airways Mainline (US Airways and America West combined) MAY 2007 2006 % Change Mainline Revenue Passenger Miles (000) Domestic 4,314,596 4,350,492 (0.8) Atlantic 716,269 620,768 15.4 Latin 324,539 339,936 (4.5) Total Mainline Revenue Passenger Miles 5,355,404 5,311,196 0.8 Mainline Available Seat Miles (000) Domestic 5,194,049 5,370,610 (3.3) Atlantic 932,421 801,454 16.3 Latin 413,674 453,242 (8.7) Total Mainline Available Seat Miles 6,540,144 6,625,306 (1.3) Mainline Load Factor (%) Domestic 83.1 81.0 2.1 pts Atlantic 76.8 77.5 (0.7)pts Latin 78.5 75.0 3.5 pts Total Mainline Load Factor 81.9 80.2 1.7 pts Mainline Enplanements Domestic 4,689,050 4,593,358 2.1 Atlantic 181,312 160,448 13.0 Latin 270,807 290,832 (6.9) Total Mainline Enplanements 5,141,169 5,044,638 1.9 YEAR TO DATE 2007 2006 % Change Mainline Revenue Passenger Miles (000) Domestic 20,757,832 20,261,510 2.4 Atlantic 2,413,161 2,287,728 5.5 Latin 1,847,735 1,921,689 (3.8) Total Mainline Revenue Passenger Miles 25,018,728 24,470,927 2.2 Mainline Available Seat Miles (000) Domestic 25,699,499 25,492,346 0.8 Atlantic 3,324,952 3,065,363 8.5 Latin 2,416,134 2,602,003 (7.1) Total Mainline Available Seat Miles 31,440,585 31,159,712 0.9 Mainline Load Factor (%) Domestic 80.8 79.5 1.3 pts Atlantic 72.6 74.6 (2.0)pts Latin 76.5 73.9 2.6 pts Total Mainline Load Factor 79.6 78.5 1.1 pts Mainline Enplanements Domestic 22,117,517 21,504,724 2.8 Atlantic 613,453 586,406 4.6 Latin 1,470,130 1,557,255 (5.6) Total Mainline Enplanements 24,201,100 23,648,385 2.3 Notes: 1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. 2) Latin numbers include the Caribbean. US Airways Express (Piedmont Airlines, PSA Airlines, US Airways MidAtlantic Division) MAY 2007 2006 % Change Express Revenue Passenger Miles (000) Domestic 210,012 246,881 (14.9) Express Available Seat Miles (000) Domestic 290,833 332,796 (12.6) Express Load Factor (%) Domestic 72.2 74.2 (2.0)pts Express Enplanements Domestic 762,625 805,840 (5.4) YEAR TO DATE 2007 2006 % Change Express Revenue Passenger Miles (000) Domestic 1,007,281 1,235,631 (18.5) Express Available Seat Miles (000) Domestic 1,446,244 1,822,661 (20.7) Express Load Factor (%) Domestic 69.6 67.8 1.8 pts Express Enplanements Domestic 3,491,336 3,795,191 (8.0) Notes: 1) US Airways Express includes data for US Airways' MidAtlantic division through May 27, 2006. 2) Canada is included in domestic results. Integration Update US Airways is also providing a brief update on the integration process between US Airways and America West. Listed below are major accomplishments or announcements from the month of May: * Reached a final transition agreement involving pre-merger America West flight crew training instructors represented by the Transportation Workers Union (TWU) to the contract covering their pre-merger US Airways counterparts. * The airline's flight attendant workgroup completed all integration training items identified by the FAA to certify as one carrier in anticipation for a single operating certificate later this year. * 92 percent of the former America West aircraft have been painted in the new US Airways livery. Only 10 aircraft remain to be painted with an estimated completion date of October 2007. US Airways is the fifth largest domestic airline employing nearly 36,000 aviation professionals worldwide. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. The new US Airways -- the product of a merger between America West and US Airways in September 2005 -- is a member of the Star Alliance network, which offers our customers 16,000 daily flights to 855 destinations in 155 countries worldwide. This press release and additional information on US Airways can be found at http://www.usairways.com. (LCCT) FORWARD-LOOKING STATEMENTS Certain of the statements contained herein should be considered "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," "indicate," "anticipate," "believe," "forecast," "estimate," "plan," "guidance," "outlook," "could," "should," "continue" and similar terms used in connection with statements regarding the outlook of US Airways Group, Inc. (the "Company"). Such statements include, but are not limited to, statements about expected fuel costs, the revenue and pricing environment, the Company's expected financial performance and operations, future financing plans and needs, overall economic conditions and the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including future financial and operating results and the combined companies' plans, objectives, expectations and intentions. Other forward-looking statements that do not relate solely to historical facts include, without limitation, statements that discuss the possible future effects of current known trends or uncertainties or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. Such 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 the Company's expectations. Such risks and uncertainties include, but are not limited to, the following: the impact of high fuel costs, significant disruptions in the supply of aircraft fuel and further significant increases to fuel prices; our high level of fixed obligations and our ability to obtain and maintain financing for operations and other purposes; our ability to achieve the synergies anticipated as a result of the merger and to achieve those synergies in a timely manner; our ability to integrate the management, operations and labor groups of US Airways Group and America West Holdings; labor costs and relations with unionized employees generally and the impact and outcome of labor negotiations; the impact of global instability, including the current instability in the Middle East, the continuing impact of the military presence in Iraq and Afghanistan and the terrorist attacks of September 11, 2001 and the potential impact of future hostilities, terrorist attacks, infectious disease outbreaks or other global events that affect travel behavior; reliance on automated systems and the impact of any failure or disruption of these systems; the impact of future significant operating losses; changes in prevailing interest rates; our ability to obtain and maintain commercially reasonable terms with vendors and service providers and our reliance on those vendors and service providers; security-related and insurance costs; changes in government legislation and regulation; our ability to use pre-merger NOLs and certain other tax attributes; competitive practices in the industry, including significant fare restructuring activities, capacity reductions and in court or out of court restructuring by major airlines; continued existence of prepetition liabilities; interruptions or disruptions in service at one or more of our hub airports; weather conditions; our ability to obtain and maintain any necessary financing for operations and other purposes; our ability to maintain adequate liquidity; our ability to maintain contracts that are critical to our operations; our ability to operate pursuant to the terms of our financing facilities (particularly the financial covenants); our ability to attract and retain customers; the cyclical nature of the airline industry; our ability to attract and retain qualified personnel; economic conditions; and other risks and uncertainties listed from time to time in our reports to the Securities and Exchange Commission. 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. All forward-looking statements are based on information currently available to the Company. The Company assumes no obligation to publicly update or revise any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates. Additional factors that may affect the future results of the Company are set forth in the section entitled "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2007, which is available at http://www.usairways.com. -LCC-RELATED LINKS
SOURCE US Airways Group, Inc.