EX-99.1 2 p75483exv99w1.htm EX-99.1 exv99w1
 

EXHIBIT 99.1
(NEWS RELEASE)
         
 
  Contact:   Phil Gee
 
      480/693-5729
FOR IMMEDIATE RELEASE
US AIRWAYS GROUP, INC. REPORTS APRIL TRAFFIC
     TEMPE, Ariz., May 5, 2008 — US Airways Group, Inc. (NYSE: LCC) today reported April and year-to-date 2008 traffic results. Revenue passenger miles (RPMs) for the month were 5.1 billion, down 2.0 percent from April 2007. Capacity was 6.2 billion available seat miles (ASMs), down 2.6 percent from April 2007. Passenger load factor for the month of April was 83.2 percent, up 0.5 points versus April 2007.
     “Our April traffic comparison reflects the Easter holiday shift (in 2007 it occurred in April, in 2008 it occurred in March). Consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) was flat to down 2 percent when compared to the same period last year. Bookings remained strong in April and are also robust as we look forward in the second quarter,” said US Airways President Scott Kirby.
     In addition, US Airways’ 36,000 employees continued to drive the airline to industry leading on-time results. For the month of April 2008, preliminary US Airways’ domestic on-time performance (arrivals within 14 minutes or A14) was 81.3 percent with a completion factor of 98.9 percent.
     “These are exceptional numbers that reflect an outstanding performance by our employees,” Kirby said. “Since December, we have ranked in the top three among the 10 largest U.S. airlines for on-time performance as measured by the Department of Transportation (DOT), and believe we will again record an industry leading performance when DOT releases the industry’s March numbers later this week.”
     The following summarizes US Airways Group’s traffic results for the month and year-to date ended April, 30 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
April
                         
    2008   2007   % Change
Mainline Revenue Passenger Miles (000)
                       
Domestic
    4,104,952       4,338,400       (5.4 )
Atlantic
    616,987       498,125       23.9  
Latin
    419,584       408,644       2.7  
 
                       
Total Mainline Revenue Passenger Miles
    5,141,523       5,245,169       (2.0 )
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    4,873,898       5,202,133       (6.3 )
Atlantic
    797,167       629,449       26.6  
Latin
    508,014       513,200       (1.0 )
 
                       
Total Mainline Available Seat Miles
    6,179,079       6,344,782       (2.6 )
 
                       
Mainline Load Factor (%)
                       
Domestic
    84.2       83.4     0.8 pts
Atlantic
    77.4       79.1     (1.7) pts
Latin
    82.6       79.6     3.0 pts
 
                       
Total Mainline Load Factor
    83.2       82.7     0.5 pts
 
                       
Mainline Enplanements
                       
Domestic
    4,260,789       4,626,546       (7.9 )
Atlantic
    156,056       126,956       22.9  
Latin
    334,899       326,444       2.6  
 
                       
Total Mainline Enplanements
    4,751,744       5,079,946       (6.5 )
YEAR TO DATE
                         
    2008   2007   % Change
Mainline Revenue Passenger Miles (000)
                       
Domestic
    15,903,188       16,443,358       (3.3 )
Atlantic
    2,056,373       1,696,892       21.2  
Latin
    1,671,400       1,523,073       9.7  
 
                       
Total Mainline Revenue Passenger Miles
    19,630,961       19,663,323       (0.2 )
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    19,627,443       20,505,586       (4.3 )
Atlantic
    2,847,699       2,392,531       19.0  
Latin
    2,038,892       2,002,324       1.8  
 
                       
Total Mainline Available Seat Miles
    24,514,034       24,900,441       (1.6 )
 
                       
Mainline Load Factor (%)
                       
Domestic
    81.0       80.2     0.8 pts
Atlantic
    72.2       70.9     1.3 pts
Latin
    82.0       76.1     5.9 pts
 
                       
Total Mainline Load Factor
    80.1       79.0     1.1 pts
 
                       
Mainline Enplanements
                       
Domestic
    16,445,203       17,428,579       (5.6 )
Atlantic
    524,726       432,141       21.4  
Latin
    1,317,750       1,199,211       9.9  
 
                       
Total Mainline Enplanements
    18,287,679       19,059,931       (4.1 )
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)
April
                         
    2008   2007   % Change
Express Revenue Passenger Miles (000)
                       
Domestic
    184,463       209,631       (12.0 )
 
                       
Express Available Seat Miles (000)
                       
Domestic
    271,431       289,892       (6.4 )
 
                       
Express Load Factor (%)
                       
Domestic
    68.0       72.3     (4.3) pts
 
                       
Express Enplanements
                       
Domestic
    659,557       730,583       (9.7 )
YEAR TO DATE
                         
    2008   2007   % Change
Express Revenue Passenger Miles (000)
                       
Domestic
    691,803       797,269       (13.2 )
 
                       
Express Available Seat Miles (000)
                       
Domestic
    1,055,350       1,155,411       (8.7 )
 
                       
Express Load Factor (%)
                       
Domestic
    65.6       69.0     (3.4) pts
 
                       
Express Enplanements
                       
Domestic
    2,471,341       2,728,711       (9.4 )
Notes:
1) Canada is included in domestic results.

 


 

Consolidated US Airways Group, Inc.
April
                         
    2008   2007   % Change
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    4,289,415       4,548,031       (5.7 )
Atlantic
    616,987       498,125       23.9  
Latin
    419,584       408,644       2.7  
 
                       
Total Consolidated Revenue Passenger Miles
    5,325,986       5,454,800       (2.4 )
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    5,145,329       5,492,025       (6.3 )
Atlantic
    797,167       629,449       26.6  
Latin
    508,014       513,200       (1.0 )
 
                       
Total Consolidated Available Seat Miles
    6,450,510       6,634,674       (2.8 )
 
                       
Consolidated Load Factor (%)
                       
Domestic
    83.4       82.8     0.6 pts
Atlantic
    77.4       79.1     (1.7) pts
Latin
    82.6       79.6     3.0 pts
 
                       
Total Consolidated Load Factor
    82.6       82.2     0.4 pts
 
                       
Consolidated Enplanements
                       
Domestic
    4,920,346       5,357,129       (8.2 )
Atlantic
    156,056       126,956       22.9  
Latin
    334,899       326,444       2.6  
 
                       
Total Consolidated Enplanements
    5,411,301       5,810,529       (6.9 )
YEAR TO DATE
                         
    2008   2007   % Change
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    16,594,991       17,240,627       (3.7 )
Atlantic
    2,056,373       1,696,892       21.2  
Latin
    1,671,400       1,523,073       9.7  
 
                       
Total Consolidated Revenue Passenger Miles
    20,322,764       20,460,592       (0.7 )
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    20,682,793       21,660,997       (4.5 )
Atlantic
    2,847,699       2,392,531       19.0  
Latin
    2,038,892       2,002,324       1.8  
 
                       
Total Consolidated Available Seat Miles
    25,569,384       26,055,852       (1.9 )
 
                       
Consolidated Load Factor (%)
                       
Domestic
    80.2       79.6     0.6 pts
Atlantic
    72.2       70.9     1.3 pts
Latin
    82.0       76.1     5.9 pts
 
                       
Total Consolidated Load Factor
    79.5       78.5     1.0 pts
 
                       
Consolidated Enplanements
                       
Domestic
    18,916,544       20,157,290       (6.2 )
Atlantic
    524,726       432,141       21.4  
Latin
    1,317,750       1,199,211       9.9  
 
                       
Total Consolidated Enplanements
    20,759,020       21,788,642       (4.7 )
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 April:
    Introduced upgraded and enhanced Envoy (trans-Atlantic premium class) product with more personalized in-flight service, better-quality menus and greater choice.
 
    Promoted Captain Lyle Hogg to vice president, flight operations and named James Olson vice president, corporate communications.
 
    Inaugurated new service at Fort Walton Beach and Panama City, Fla. to the airline’s Charlotte hub.
 
    Broke ground on a new, state-of-the-art, environmentally friendly, 58,000 square foot ground service equipment 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 3,500 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 18,000 daily flights to 965 destinations in 162 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-