US Airways Group (LCC) Reports August Load Factor Up 0.7
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US Airways Group, Inc. (NYSE: LCC) reported August and year-to-date 2008 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.7 billion, down 0.5% from August 2007. Passenger load factor for the month of August was a record 85.8%, up 0.7 points versus August 2007.
US Airways President Scott Kirby said, "August consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased between two and four percent versus the same period last year. Looking forward, we remain encouraged as our a la carte revenue initiatives are gaining momentum and industry capacity cuts are beginning to take effect, which we believe will have a positive influence on yields in the coming months.
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