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US Airways says 2009 profit is possible
By, Joshua Freed - Mar. 24, 2009 11:17 AM
Associated Press
TEMPE, Ariz. -- An executive at US Airways Group Inc. says his carrier could turn a profit this year even if passenger revenue falls 15 percent.
President Scott Kirby says the capacity cuts and lower fuel prices could offset the drop in revenue per available seat mile, or the money the airline collects for each seat it flew one mile.
The airline may get a chance to test its belief that it can be profitable even with such a revenue drop. The International Air Transport Association says worldwide airline revenues will fall 12 percent this year.
Kirby also repeated an earlier statement that passenger bookings appear to have bottomed out in mid-February. While about as many passengers are flying, they're getting deep discounts on their tickets.
By, Joshua Freed - Mar. 24, 2009 11:17 AM
Associated Press
TEMPE, Ariz. -- An executive at US Airways Group Inc. says his carrier could turn a profit this year even if passenger revenue falls 15 percent.
President Scott Kirby says the capacity cuts and lower fuel prices could offset the drop in revenue per available seat mile, or the money the airline collects for each seat it flew one mile.
The airline may get a chance to test its belief that it can be profitable even with such a revenue drop. The International Air Transport Association says worldwide airline revenues will fall 12 percent this year.
Kirby also repeated an earlier statement that passenger bookings appear to have bottomed out in mid-February. While about as many passengers are flying, they're getting deep discounts on their tickets.