Join        Login             Stock Quote

US Airways (LCC) December Traffic Rise 1.8%

 January 04, 2013 10:04 AM

(By Balaseshan) US Airways Group Inc. (NYSE: LCC) reported increase in traffic, capacity and load factor for the month of December, helped by improved performance at the mainline segment.

"I would like to thank and congratulate our team of 32,000 employees for doing an outstanding job of taking care of our customers in 2012 while setting numerous operating records, including on-time departures and arrivals, completion factor, and baggage handling. We look forward to continuing this trend into the New Year and beyond," said US Airways' President Scott Kirby.

Consolidated revenue passenger miles, or traffic, rose 1.8% to 5.18 billion, while capacity measured in terms of available seat miles marginally increased 0.2% to 6.26 billion. Load factor gained 1.3 percentage points to 82.7%. Consolidated enplanements grew 1.7%.

[Related -Delta Air Lines, Inc. (DAL), US Airways Group Inc (LCC): Why Invest In These Two Airline Stocks?]

US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation was 82.8% for the month of December with a completion factor of 99.3%.

Mainline traffic grew 1.3% to 4.97 billion with a 2.3 percent growth in domestic traffic. Mainline capacity marginally declined 0.2% to 5.98 billion. Domestic capacity rose 0.6%, while Atlantic capacity fell 7.6%.

Mainline passenger load factor increased 1.2 percentage points to 83.1%. Domestic load factor grew 1.4 points. Mainline enplanements rose 0.7% to 4.40 million.

[Related -Delta Air Lines, Inc. (DAL), US Airways Group Inc (LCC): High Flyers?]

For US Airways Express including Piedmont Airlines and PSA Airlines, traffic grew 15.4% and capacity increased 9.2% while load factor rose 4.0 percentage points.

The company, along with US Airways Shuttle and US Airways Express, operates more than 3,000 flights per day, serving more than 195 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America.

LCC is trading up 1.76% at $13.90 on Friday. The stock has been trading between $5.07 and $14.51 for the past 52 weeks.



Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageWorld Growth: Mediocre or Pathetic?

The recent disappointing performance of the world economy has been labelled as the "new mediocre" by read on...

article imageSurvey Data For US Services Sector Hint At Mild Q2 Rebound

Yesterday’s discouraging numbers on job growth in April via the ADP Employment Report raise doubts about a read on...

article imageADP: US Job Growth Stumbled In April

Employment growth at US companies slowed in April to the weakest gain in three years, according to this read on...

article imageBogle Says Indexing Destined To Win The Battle Of The Quants

Vanguard founder John Bogle gave a powerful speech last month at the Q Group’s Spring Seminar that lays out read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.