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US Airways Group Inc. told investors this week it ended 2008 in the red and plans to cut capacity this year.
The Tempe, Ariz.-based carrier, the second-busiest at Port Columbus International Airport, said in a filing with the Securities and Exchange Commission that it expects to trim domestic mainline capacity by as much as 8 percent over the year. Total mainline capacity, which includes international flights, will be reduced by as much as 6 percent, the airline said.
US Airways, one of many carriers hit hard last year by high fuel prices and the global economic crisis, also said it plans to report a loss for 2008. The company didn’t disclose how much it fell into the red for the year but for the first nine months of 2008, it showed a $1.7 billion net loss.
The airline separately announced that December traffic dipped by 1.1 percent compared with the year before, bringing its full-year decline to 1.1 percent as well.
The Tempe, Ariz.-based carrier, the second-busiest at Port Columbus International Airport, said in a filing with the Securities and Exchange Commission that it expects to trim domestic mainline capacity by as much as 8 percent over the year. Total mainline capacity, which includes international flights, will be reduced by as much as 6 percent, the airline said.
US Airways, one of many carriers hit hard last year by high fuel prices and the global economic crisis, also said it plans to report a loss for 2008. The company didn’t disclose how much it fell into the red for the year but for the first nine months of 2008, it showed a $1.7 billion net loss.
The airline separately announced that December traffic dipped by 1.1 percent compared with the year before, bringing its full-year decline to 1.1 percent as well.