Exhibit 99.1
| | |
Contact: | | Phil Gee |
| | 480/693-5729 |
FOR IMMEDIATE RELEASE
US AIRWAYS GROUP, INC. REPORTS FEBRUARY TRAFFIC
TEMPE, Ariz., Mar. 5, 2008 — US Airways Group, Inc. (NYSE: LCC) today reported February and year-to-date 2008 traffic results. Revenue passenger miles (RPMs) for the month were 4.5 billion, up 2.9 percent from February 2007. Capacity was 5.8 billion available seat miles (ASMs), up 2.2 percent from February 2007. Passenger load factor for the month of February was 77.2 percent, up 0.5 points versus February 2007.
“Our February consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) was up between two and four percent on a year-over-year basis. Additionally, we continue to be pleased with the positive results from our operational improvement plan as we ranked first for the month of January amongst the 10 largest U.S. airlines in on-time performance as measured by the Department of Transportation. This marks the second month in a row that our on-time performance has led the industry. As a result of their hard work, each of our 36,000 employees will receive $50 as part of our 2008 operational incentive plan,” said US Airways’ President, Scott Kirby.
For the month of February 2008, US Airways’ domestic on-time performance was 76.3 percent with a completion factor of 98.0 percent.
The following summarizes US Airways Group’s traffic results for the month and year-to date ended February 2008 and 2007, 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
February
| | | | | | | | | | | | | | | | |
| | 2008 | | 2007 | | % Change | | | | |
Mainline Revenue Passenger Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 3,682,816 | | | | 3,678,671 | | | | 0.1 | | | | | |
Atlantic | | | 391,972 | | | | 313,599 | | | | 25.0 | | | | | |
Latin | | | 382,544 | | | | 339,089 | | | | 12.8 | | | | | |
| | | | | | | | | | | | | | | | |
Total Mainline Revenue Passenger Miles | | | 4,457,332 | | | | 4,331,359 | | | | 2.9 | | | | | |
| | | | | | | | | | | | | | | | |
Mainline Available Seat Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 4,659,880 | | | | 4,651,818 | | | | 0.2 | | | | | |
Atlantic | | | 636,802 | | | | 539,279 | | | | 18.1 | | | | | |
Latin | | | 479,483 | | | | 458,475 | | | | 4.6 | | | | | |
| | | | | | | | | | | | | | | | |
Total Mainline Available Seat Miles | | | 5,776,165 | | | | 5,649,572 | | | | 2.2 | | | | | |
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Mainline Load Factor (%) | | | | | | | | | | | | | | | | |
Domestic | | | 79.0 | | | | 79.1 | | | | (0.1 | ) | | pts |
Atlantic | | | 61.6 | | | | 58.2 | | | | 3.4 | | | pts |
Latin | | | 79.8 | | | | 74.0 | | | | 5.8 | | | pts |
| | | | | | | | | | | | | | | | |
Total Mainline Load Factor | | | 77.2 | | | | 76.7 | | | | 0.5 | | | pts |
| | | | | | | | | | | | | | | | |
Mainline Enplanements | | | | | | | | | | | | | | | | |
Domestic | | | 3,862,184 | | | | 3,920,313 | | | | (1.5 | ) | | | | |
Atlantic | | | 99,165 | | | | 79,915 | | | | 24.1 | | | | | |
Latin | | | 298,058 | | | | 264,781 | | | | 12.6 | | | | | |
| | | | | | | | | | | | | | | | |
Total Mainline Enplanements | | | 4,259,407 | | | | 4,265,009 | | | | (0.1 | ) | | | | |
YEAR TO DATE
| | | | | | | | | | | | | | | | |
| | 2008 | | 2007 | | % Change | | | | |
Mainline Revenue Passenger Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 7,465,283 | | | | 7,612,732 | | | | (1.9 | ) | | | | |
Atlantic | | | 860,144 | | | | 715,091 | | | | 20.3 | | | | | |
Latin | | | 770,937 | | | | 686,017 | | | | 12.4 | | | | | |
| | | | | | | | | | | | | | | | |
Total Mainline Revenue Passenger Miles | | | 9,096,364 | | | | 9,013,840 | | | | 0.9 | | | | | |
| | | | | | | | | | | | | | | | |
Mainline Available Seat Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 9,644,507 | | | | 9,923,967 | | | | (2.8 | ) | | | | |
Atlantic | | | 1,340,061 | | | | 1,123,807 | | | | 19.2 | | | | | |
Latin | | | 964,463 | | | | 948,685 | | | | 1.7 | | | | | |
| | | | | | | | | | | | | | | | |
Total Mainline Available Seat Miles | | | 11,949,031 | | | | 11,996,459 | | | | (0.4 | ) | | | | |
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Mainline Load Factor (%) | | | | | | | | | | | | | | | | |
Domestic | | | 77.4 | | | | 76.7 | | | | 0.7 | | | pts |
Atlantic | | | 64.2 | | | | 63.6 | | | | 0.6 | | | pts |
Latin | | | 79.9 | | | | 72.3 | | | | 7.6 | | | pts |
| | | | | | | | | | | | | | | | |
Total Mainline Load Factor | | | 76.1 | | | | 75.1 | | | | 1.0 | | | pts |
| | | | | | | | | | | | | | | | |
Mainline Enplanements | | | | | | | | | | | | | | | | |
Domestic | | | 7,755,816 | | | | 8,045,615 | | | | (3.6 | ) | | | | |
Atlantic | | | 219,271 | | | | 182,231 | | | | 20.3 | | | | | |
Latin | | | 602,094 | | | | 535,829 | | | | 12.4 | | | | | |
| | | | | | | | | | | | | | | | |
Total Mainline Enplanements | | | 8,577,181 | | | | 8,763,675 | | | | (2.1 | ) | | | | |
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)
February
| | | | | | | | | | | | | | | | |
| | 2008 | | 2007 | | % Change | | | | |
Express Revenue Passenger Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 163,546 | | | | 182,005 | | | | (10.1 | ) | | | | |
| | | | | | | | | | | | | | | | |
Express Available Seat Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 247,197 | | | | 266,556 | | | | (7.3 | ) | | | | |
| | | | | | | | | | | | | | | | |
Express Load Factor (%) | | | | | | | | | | | | | | | | |
Domestic | | | 66.2 | | | | 68.3 | | | | (2.1 | ) | | pts |
| | | | | | | | | | | | | | | | |
Express Enplanements | | | | | | | | | | | | | | | | |
Domestic | | | 581,014 | | | | 620,937 | | | | (6.4 | ) | | | | |
YEAR TO DATE
| | | | | | | | | | | | | | | | |
| | 2008 | | 2007 | | % Change | | | | |
Express Revenue Passenger Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 320,419 | | | | 370,029 | | | | (13.4 | ) | | | | |
| | | | | | | | | | | | | | | | |
Express Available Seat Miles (000) | | | | | | | . | | | | | | | | | |
Domestic | | | 514,222 | | | | 568,732 | | | | (9.6 | ) | | | | |
| | | | | | | | | | | | | | | | |
Express Load Factor (%) | | | | | | | | | | | | | | | | |
Domestic | | | 62.3 | | | | 65.1 | | | | (2.8 | ) | | pts |
| | | | | | | | | | | | | | | | |
Express Enplanements | | | | | | | | | | | | | | | | |
Domestic | | | 1,149,668 | | | | 1,254,055 | | | | (8.3 | ) | | | | |
Notes:
| | |
1) | | Canada is included in domestic results. |
Consolidated US Airways Group, Inc.
February
| | | | | | | | | | | | | | | | |
| | 2008 | | 2007 | | % Change | | | | |
Consolidated Revenue Passenger Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 3,846,362 | | | | 3,860,676 | | | | (0.4 | ) | | | | |
Atlantic | | | 391,972 | | | | 313,599 | | | | 25.0 | | | | | |
Latin | | | 382,544 | | | | 339,089 | | | | 12.8 | | | | | |
| | | | | | | | | | | | | | | | |
Total Consolidated Revenue Passenger Miles | | | 4,620,878 | | | | 4,513,364 | | | | 2.4 | | | | | |
| | | | | | | | | | | | | | | | |
Consolidated Available Seat Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 4,907,077 | | | | 4,918,374 | | | | (0.2 | ) | | | | |
Atlantic | | | 636,802 | | | | 539,279 | | | | 18.1 | | | | | |
Latin | | | 479,483 | | | | 458,475 | | | | 4.6 | | | | | |
| | | | | | | | | | | | | | | | |
Total Consolidated Available Seat Miles | | | 6,023,362 | | | | 5,916,128 | | | | 1.8 | | | | | |
| | | | | | | | | | | | | | | | |
Consolidated Load Factor (%) | | | | | | | | | | | | | | | | |
Domestic | | | 78.4 | | | | 78.5 | | | | (0.1 | ) | | pts |
Atlantic | | | 61.6 | | | | 58.2 | | | | 3.4 | | | pts |
Latin | | | 79.8 | | | | 74.0 | | | | 5.8 | | | pts |
| | | | | | | | | | | | | | | | |
Total Consolidated Load Factor | | | 76.7 | | | | 76.3 | | | | 0.4 | | | pts |
| | | | | | | | | | | | | | | | |
Consolidated Enplanements | | | | | | | | | | | | | | | | |
Domestic | | | 4,443,198 | | | | 4,541,250 | | | | (2.2 | ) | | | | |
Atlantic | | | 99,165 | | | | 79,915 | | | | 24.1 | | | | | |
Latin | | | 298,058 | | | | 264,781 | | | | 12.6 | | | | | |
| | | | | | | | | | | | | | | | |
Total Consolidated Enplanements | | | 4,840,421 | | | | 4,885,946 | | | | (0.9 | ) | | | | |
YEAR TO DATE
| | | | | | | | | | | | | | | | |
| | 2008 | | 2007 | | % Change | | | | |
Consolidated Revenue Passenger Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 7,785,702 | | | | 7,982,761 | | | | (2.5 | ) | | | | |
Atlantic | | | 860,144 | | | | 715,091 | | | | 20.3 | | | | | |
Latin | | | 770,937 | | | | 686,017 | | | | 12.4 | | | | | |
| | | | | | | | | | | | | | | | |
Total Consolidated Revenue Passenger Miles | | | 9,416,783 | | | | 9,383,869 | | | | 0.4 | | | | | |
| | | | | | | | | | | | | | | | |
Consolidated Available Seat Miles (000) | | | | | | | | | | | | | | | | |
Domestic | | | 10,158,730 | | | | 10,492,699 | | | | (3.2 | ) | | | | |
Atlantic | | | 1,340,061 | | | | 1,123,807 | | | | 19.2 | | | | | |
Latin | | | 964,463 | | | | 948,685 | | | | 1.7 | | | | | |
| | | | | | | | | | | | | | | | |
Total Consolidated Available Seat Miles | | | 12,463,254 | | | | 12,565,191 | | | | (0.8 | ) | | | | |
| | | | | | | | | | | | | | | | |
Consolidated Load Factor (%) | | | | | | | | | | | | | | | | |
Domestic | | | 76.6 | | | | 76.1 | | | | 0.5 | | | pts |
Atlantic | | | 64.2 | | | | 63.6 | | | | 0.6 | | | pts |
Latin | | | 79.9 | | | | 72.3 | | | | 7.6 | | | pts |
| | | | | | | | | | | | | | | | |
Total Consolidated Load Factor | | | 75.6 | | | | 74.7 | | | | 0.9 | | | pts |
| | | | | | | | | | | | | | | | |
Consolidated Enplanements | | | | | | | | | | | | | | | | |
Domestic | | | 8,905,484 | | | | 9,299,670 | | | | (4.2 | ) | | | | |
Atlantic | | | 219,271 | | | | 182,231 | | | | 20.3 | | | | | |
Latin | | | 602,094 | | | | 535,829 | | | | 12.4 | | | | | |
| | | | | | | | | | | | | | | | |
Total Consolidated Enplanements | | | 9,726,849 | | | | 10,017,730 | | | | (2.9 | ) | | | | |
Notes:
| | |
1) | | Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. |
|
2) | | Latin numbers include the Caribbean. |
Other Notable Accomplishments
US Airways is also providing a brief update on notable company accomplishments during the month of February:
| • | | Announced new non-stop service between Austin and San Antonio, Texas and our Charlotte Hub. Service is scheduled to begin on May 4 on an 86-seat CRJ900 aircraft operated by US Airways Express carrier Mesa Airlines. |
|
| • | | Announced new transcontinental service between Philadelphia and Vancouver, British Columbia; Philadelphia and Sacramento, Calif. and Charlotte, N.C. and Tucson, Ariz all on Airbus A320 family aircraft. |
|
| • | | Announced plans to begin building a new, environmentally friendly and state-of- the-art ground equipment maintenance facility at Philadelphia International Airport. |
US Airways is the fifth largest domestic airline employing more than 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. US Airways is a member of the Star Alliance network, which offers our customers 17,000 daily flights to 897 destinations in 160 countries worldwide. This press release and additional information on US Airways can be found at 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,” “anticipate,” “believe,” “estimate,” “plan,” “could,” “should,” and “continue” and similar terms used in connection with statements regarding the outlook, expected fuel costs, revenue and pricing environment, and expected financial performance of US Airways Group (the “Company”). Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including 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 changes in fuel prices and significant disruptions in fuel supply; the ability to integrate management, operations and labor groups following the merger; labor costs, relations with unionized employees generally and the impact and outcome of the labor negotiations; the impact of global instability including the potential impact of current and future hostilities, terrorist attacks, infectious disease outbreaks or other global events; reliance on automated systems and the impact of any failure or disruption of those systems; the impact of future significant operating losses; changes in prevailing interest rates; our high level of fixed obligations (including compliance with financial covenants related to those obligations) and the ability of the Company to obtain and maintain any necessary financing for
operations and other purposes; the ability of the Company to obtain and maintain commercially reasonable terms with vendors and service providers and reliance on those vendors and service providers; security-related and insurance costs; government legislation and regulation; competitive practices in the industry, including significant fare restructuring activities, capacity reductions or other restructuring or consolidation activities by major airlines; interruptions or disruptions in service at one or more of our hub airports; weather conditions; the ability to use pre-merger NOLs and certain other tax attributes; the ability of the Company to maintain adequate liquidity; the ability to maintain contracts critical to the Company’s operations; the ability of the Company to attract and retain customers; the cyclical nature of the airline industry; the ability to attract and retain qualified personnel; the impact of economic conditions; and other risks and uncertainties listed from time to time in the Company’s reports to the 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 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 Annual Report on Form 10-K for the year ended December 31, 2007 and in the Company’s filings with the SEC, which are available at www.usairways.com
-LCC-