US Airways reports November 2009 traffic results
US Airways Group, Inc. announced November and year-to-date 2009 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.2 billion, down 1.8 percent versus November 2008. Capacity was 5.4 billion available seat miles (ASMs), down 1.3 percent versus November 2008. Passenger load factor for the month of November was 77.3 percent, down 0.4 points versus November 2008.
US Airways President
Scott Kirby said,
"Our November consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) decreased approximately two percent versus the same period last year while total revenue per available seat mile was flat on a year-over-year basis. The revenue environment continues to show core sequential improvement with strength in close-in bookings. Additionally, both booked yields and corporate revenue are now up on a year-over-year basis."
For the month of November, US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation (DOT) was 87.9 percent with a completion factor of 99.5 percent.
The following summarizes US Airways Group's traffic results for the month and year-to-date ended November 30, 2009 and 2008, consisting of mainline operated flights as well as US Airways Express flights operated by wholly owned subsidiaries PSA Airlines and Piedmont Airlines.
US Airways is also providing a brief update on notable company accomplishments during the month of November:
- Completed a series of transactions with key business partners designed to improve near-term and future liquidity. The Company's actions include the deferral of 54 Airbus aircraft previously scheduled for delivery between 2010 and 2012 that are now to be delivered in 2013 and beyond. The Company has also arranged credit facilities in the amount of $95 million and $180 million of aircraft financing commitments for the 2010 deliveries. In addition, the Company has agreed with Barclays to permanently lower the monthly unrestricted cash condition precedent for the advance purchase of frequent flyer miles and defer for 14 months the amortization of $200 million advanced in connection with the previous purchase of miles. These transactions improve projected year-end 2009 liquidity by approximately $150 million and generate, in aggregate, approximately $450 million of projected liquidity improvements by the end of 2010.
- Announced that the airline will resume flights between Melbourne, Fla. and its Charlotte hub beginning Feb. 11, 2010. The three daily flights will be operated by wholly owned US Airways Express carrier PSA Airlines using 70-seat Bombardier CRJ700 regional jets.
- Expanded choice for Dividend Miles redemption with the introduction of the new GoAwards program beginning January 6, 2010. With these changes, customers will have access to last-seat availability, and will be able to combine Coach, First and Envoy cabins and dates at various mileage levels.
Vicky Karantzavelou
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Monday, December 07, 2009