US Airways Reports Record March Load Factor
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130403:nPnLA87765 TEMPE, Ariz., April 3, 2013 /PRNewswire/ -- US Airways Group, Inc. (NYSE: LCC) today announced March and year-to-date 2013 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.6 billion, up 5.1 percent versus March 2012. Mainline capacity was 6.5 billion available seat miles (ASMs), up 3.2 percent versus March 2012. Mainline passenger load factor was a record 86.1 percent for the month of March, up 1.5 points versus March 2012. (Logo: http://photos.prnewswire.com/prnh/20120103/LA28814LOGO) US Airways' President Scott Kirby said, "Our March consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) was flat versus the same period last year. I would like to thank our team of 32,000 dedicated professionals, who again delivered outstanding operational results for our customers throughout the month, which included the busy spring break travel period." The Company's March PRASM results are lower than previous guidance due to reduced close-in demand believed to be driven largely by the sequester. For the month of March, US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation was 82.1 percent with a completion factor of 98.6 percent. The following summarizes US Airways Group's traffic results for the month and year-to-date ended March 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 MARCH 2013 2012 Change Mainline Revenue Passenger Miles (000) Domestic 4,338,583 4,095,713 5.9 % Atlantic 709,001 724,673 (2.2) % Latin 566,531 521,927 8.5 % Total Mainline Revenue Passenger Miles 5,614,115 5,342,313 5.1 % Mainline Available Seat Miles (000) Domestic 4,985,802 4,750,192 5.0 % Atlantic 859,147 933,824 (8.0) % Latin 672,741 631,331 6.6 % Total Mainline Available Seat Miles 6,517,690 6,315,347 3.2 % Mainline Load Factor (%) Domestic 87.0 86.2 0.8 pts Atlantic 82.5 77.6 4.9 pts Latin 84.2 82.7 1.5 pts Total Mainline Load Factor 86.1 84.6 1.5 pts Mainline Enplanements Domestic 4,446,007 4,280,487 3.9 % Atlantic 173,347 179,259 (3.3) % Latin 415,096 386,798 7.3 % Total Mainline Enplanements 5,034,450 4,846,544 3.9 % YEAR TO DATE 2013 2012 Change Mainline Revenue Passenger Miles (000) Domestic 11,635,437 11,112,148 4.7 % Atlantic 1,772,422 1,799,357 (1.5) % Latin 1,478,361 1,388,835 6.4 % Total Mainline Revenue Passenger Miles 14,886,220 14,300,340 4.1 % Mainline Available Seat Miles (000) Domestic 13,702,616 13,292,148 3.1 % Atlantic 2,457,894 2,690,273 (8.6) % Latin 1,800,886 1,736,053 3.7 % Total Mainline Available Seat Miles 17,961,396 17,718,474 1.4 % Mainline Load Factor (%) Domestic 84.9 83.6 1.3 pts Atlantic 72.1 66.9 5.2 pts Latin 82.1 80.0 2.1 pts Total Mainline Load Factor 82.9 80.7 2.2 pts Mainline Enplanements Domestic 12,008,041 11,833,394 1.5 % Atlantic 436,560 442,942 (1.4) % Latin 1,066,361 1,009,937 5.6 % Total Mainline Enplanements 13,510,962 13,286,273 1.7 % 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) MARCH 2013 2012 Change Express Revenue Passenger Miles (000) Domestic 208,932 191,073 9.3 % Express Available Seat Miles (000) Domestic 282,860 270,885 4.4 % Express Load Factor (%) Domestic 73.9 70.5 3.4 pts Express Enplanements Domestic 687,831 652,811 5.4 % YEAR TO DATE 2013 2012 Change Express Revenue Passenger Miles (000) Domestic 575,995 525,682 9.6 % Express Available Seat Miles (000) Domestic 792,336 773,642 2.4 % Express Load Factor (%) Domestic 72.7 67.9 4.8 pts Express Enplanements Domestic 1,914,104 1,829,602 4.6 % Notes: 1) Canada is included in domestic results. Consolidated US Airways Group, Inc. MARCH 2013 2012 Change Consolidated Revenue Passenger Miles (000) Domestic 4,547,515 4,286,786 6.1 % Atlantic 709,001 724,673 (2.2) % Latin 566,531 521,927 8.5 % Total Consolidated Revenue Passenger Miles 5,823,047 5,533,386 5.2 % Consolidated Available Seat Miles (000) Domestic 5,268,662 5,021,077 4.9 % Atlantic 859,147 933,824 (8.0) % Latin 672,741 631,331 6.6 % Total Consolidated Available Seat Miles 6,800,550 6,586,232 3.3 % Consolidated Load Factor (%) Domestic 86.3 85.4 0.9 pts Atlantic 82.5 77.6 4.9 pts Latin 84.2 82.7 1.5 pts Total Consolidated Load Factor 85.6 84.0 1.6 pts Consolidated Enplanements Domestic 5,133,838 4,933,298 4.1 % Atlantic 173,347 179,259 (3.3) % Latin 415,096 386,798 7.3 % Total Consolidated Enplanements 5,722,281 5,499,355 4.1 % YEAR TO DATE 2013 2012 Change Consolidated Revenue Passenger Miles (000) Domestic 12,211,432 11,637,830 4.9 % Atlantic 1,772,422 1,799,357 (1.5) % Latin 1,478,361 1,388,835 6.4 % Total Consolidated Revenue Passenger Miles 15,462,215 14,826,022 4.3 % Consolidated Available Seat Miles (000) Domestic 14,494,952 14,065,790 3.1 % Atlantic 2,457,894 2,690,273 (8.6) % Latin 1,800,886 1,736,053 3.7 % Total Consolidated Available Seat Miles 18,753,732 18,492,116 1.4 % Consolidated Load Factor (%) Domestic 84.2 82.7 1.5 pts Atlantic 72.1 66.9 5.2 pts Latin 82.1 80.0 2.1 pts Total Consolidated Load Factor 82.4 80.2 2.2 pts Consolidated Enplanements Domestic 13,922,145 13,662,996 1.9 % Atlantic 436,560 442,942 (1.4) % Latin 1,066,361 1,009,937 5.6 % Total Consolidated Enplanements 15,425,066 15,115,875 2.0 % Notes: 1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic 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, Phoenix and Washington, D.C. 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; 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; risks relating to the Company's anticipated merger with AMR Corporation; 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-K for the year ended December 31, 2012 and in the Company's other filings with the SEC, which are available at www.usairways.com. -LCC- SOURCE US Airways Group, Inc. US Airways, Dan Cravens, +1-480-693-5729