Wiskey Driver
Return of the Hub Raider
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AP
US Airways' Feb. Traffic Rises
Tuesday March 6, 12:59 pm ET US Airways' Feb. Traffic Climbs, but Winter Storms Drag on Unit Revenue and Boost Costs
TEMPE, Ariz. (AP) -- US Airways Group Inc. said Tuesday its February traffic rose 1.9 percent on stronger domestic traffic, as overall capacity expanded by 0.9 percent.
The carrier also said unit revenue, an important financial gauge for the industry, rose over February 2006. President Scott Kirby, though, said in a statement that winter storms during the middle of the month dragged on revenue and boosted unit costs. The airline gave no other details.
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US Airways said overall traffic grew to 4.51 billion revenue passenger miles from 4.43 billion in the prior year's February. A revenue passenger mile is an industry unit measuring one paying passenger flown one mile.
Domestic traffic rose 3.2 percent to 3.87 billion revenue passenger miles, offsetting declines in European and Latin American traffic.
Overall capacity expanded to 5.92 billion available seat miles from 5.86 billion, as gains domestically and to Europe offset less capacity to Latin America.
Occupancy improved to 76.3 percent from 75.6 percent.
So far this year, traffic is up 3.3 percent to 9.39 billion revenue passenger miles on a 0.8 percent capacity gain to 12.56 billion available seat miles. Occupancy is up to 74.7 percent from 72.9 percent.
US Airways shares rose 14 cents to $50.23 on the New York Stock Exchange.
WD.
US Airways' Feb. Traffic Rises
Tuesday March 6, 12:59 pm ET US Airways' Feb. Traffic Climbs, but Winter Storms Drag on Unit Revenue and Boost Costs
TEMPE, Ariz. (AP) -- US Airways Group Inc. said Tuesday its February traffic rose 1.9 percent on stronger domestic traffic, as overall capacity expanded by 0.9 percent.
The carrier also said unit revenue, an important financial gauge for the industry, rose over February 2006. President Scott Kirby, though, said in a statement that winter storms during the middle of the month dragged on revenue and boosted unit costs. The airline gave no other details.
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Domestic traffic rose 3.2 percent to 3.87 billion revenue passenger miles, offsetting declines in European and Latin American traffic.
Overall capacity expanded to 5.92 billion available seat miles from 5.86 billion, as gains domestically and to Europe offset less capacity to Latin America.
Occupancy improved to 76.3 percent from 75.6 percent.
So far this year, traffic is up 3.3 percent to 9.39 billion revenue passenger miles on a 0.8 percent capacity gain to 12.56 billion available seat miles. Occupancy is up to 74.7 percent from 72.9 percent.
US Airways shares rose 14 cents to $50.23 on the New York Stock Exchange.
WD.