US Airways (LCC) November Load Factor Rose 1.3 Points
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US Airways Group, Inc. (NYSE: LCC) announced November and year-to-date 2012 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.8 billion, up 4.0 percent versus November 2011. Mainline capacity was 5.7 billion available seat miles (ASMs), up 2.5 percent versus November 2011. Mainline passenger load factor was a record 85.1 percent for the month of November, up 1.3 points versus November 2011.
As previously disclosed, given the effects on travel in the Northeast resulting from Hurricane Sandy, the Company estimates that November PRASM was negatively impacted by approximately 2 percentage points and November earnings by approximately $20 million. Bookings have since returned to normal levels.
US Airways' President Scott Kirby said, "Our November consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) was flat versus the same period last year. As we begin the busy holiday travel season, I would like to thank our 32,000 employees for delivering outstanding service to our customers. Despite record load factors during the week of Thanksgiving, our team delivered stellar operating results, including record-setting performance in on-time arrival rate, baggage handling, and completion factor."
As reported to the U.S. Department of Transportation, US Airways' preliminary on-time performance was 88.1 percent for the month of November with a completion factor of 98.9 percent.
As previously disclosed, given the effects on travel in the Northeast resulting from Hurricane Sandy, the Company estimates that November PRASM was negatively impacted by approximately 2 percentage points and November earnings by approximately $20 million. Bookings have since returned to normal levels.
US Airways' President Scott Kirby said, "Our November consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) was flat versus the same period last year. As we begin the busy holiday travel season, I would like to thank our 32,000 employees for delivering outstanding service to our customers. Despite record load factors during the week of Thanksgiving, our team delivered stellar operating results, including record-setting performance in on-time arrival rate, baggage handling, and completion factor."
As reported to the U.S. Department of Transportation, US Airways' preliminary on-time performance was 88.1 percent for the month of November with a completion factor of 98.9 percent.
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