US Airways' April Traffic Slips Modestly
Monday May 7, 4:02 pm ET US Airways' April Traffic Slips by 0.1 Percent, Unit Revenue Weakens From Year-Ago Period
TEMPE, Ariz. (AP) -- US Airways Group Inc. said Monday its April traffic slipped 0.1 percent, as weaker Latin American traffic offset growth to Europe and flat domestic results.
President Scott Kirby also said in a statement that US Airways' overall unit revenue -- an important financial gauge for the industry -- fell in April from the year-ago period. Other airlines have warned of softening unit-revenue trends, and concerns about weaker domestic results have led to a series of analyst downgrades in recent weeks.
US Airways said its overall traffic slipped to 5.45 billion revenue passenger miles from 5.46 billion in last year's April. A revenue passenger mile is an industry unit measuring one paying passenger flown one mile.
European traffic grew 4.8 percent to 498.1 million revenue passenger miles, domestic traffic rose 0.1 percent to 4.55 billion revenue passenger miles and Latin American traffic fell 7.3 percent to 408.2 million revenue passenger miles.
Overall capacity shrank by 0.2 percent to 6.63 billion available seat miles, as declines in domestic and Latin American capacity offset growth on European routes.
Occupancy improved to 82.2 percent from 82.1 percent.
So far this year, overall traffic has risen 1.5 percent to 20.46 billion revenue passenger miles on 0.1 percent capacity growth to 26.06 billion available seat miles. Occupancy has improved to 78.5 percent from 77.4 percent.
US Airways' shares fell $1.10, or 3 percent, to $35.05 in afternoon trading.
Monday May 7, 4:02 pm ET US Airways' April Traffic Slips by 0.1 Percent, Unit Revenue Weakens From Year-Ago Period
TEMPE, Ariz. (AP) -- US Airways Group Inc. said Monday its April traffic slipped 0.1 percent, as weaker Latin American traffic offset growth to Europe and flat domestic results.
President Scott Kirby also said in a statement that US Airways' overall unit revenue -- an important financial gauge for the industry -- fell in April from the year-ago period. Other airlines have warned of softening unit-revenue trends, and concerns about weaker domestic results have led to a series of analyst downgrades in recent weeks.
US Airways said its overall traffic slipped to 5.45 billion revenue passenger miles from 5.46 billion in last year's April. A revenue passenger mile is an industry unit measuring one paying passenger flown one mile.
European traffic grew 4.8 percent to 498.1 million revenue passenger miles, domestic traffic rose 0.1 percent to 4.55 billion revenue passenger miles and Latin American traffic fell 7.3 percent to 408.2 million revenue passenger miles.
Overall capacity shrank by 0.2 percent to 6.63 billion available seat miles, as declines in domestic and Latin American capacity offset growth on European routes.
Occupancy improved to 82.2 percent from 82.1 percent.
So far this year, overall traffic has risen 1.5 percent to 20.46 billion revenue passenger miles on 0.1 percent capacity growth to 26.06 billion available seat miles. Occupancy has improved to 78.5 percent from 77.4 percent.
US Airways' shares fell $1.10, or 3 percent, to $35.05 in afternoon trading.
