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US Airways Group revenue up 7.9%, losses narrow in 1Q2010

28-Apr-2010 2:46 PM

US Airways Group revenue up 7.9% - consolidated financial highlights for the three months ended 31-Mar-2010:

  • Total operating revenue: USD2,651 million, +7.9% year-on-year;
  • Total operating costs: USD2,661 million, +7.3%;
    • Labour: USD556 million, +0.9%;
    • Aircraft fuel: USD534 million, +41.2%;
  • Operating profit (loss): (USD10 million), compared with a loss of USD25 million in the previous corresponding period;
  • Net profit (loss): (USD45 million), compared with a loss of USD103 million in the previous corresponding period;
  • Passenger numbers: 17.9 million, -2.5%;
    • Mainline: 12.0 million, -3.4%;
  • Passenger load factor: 77.2%, +0.5 ppt;
    • Mainline: 78.7%, +0.3 ppt;
  • Yield: USD 15.01 cents, +8.9%;
    • Mainline: USD 13.01 cents, +7.5%;
  • Total revenue per ASM: USD 13.35 cents, +11.1%;
  • Passenger revenue per ASM: USD 11.58 cents, +9.5%;
    • Mainline: USD 10.24 cents, +8.0%;
  • Operating cost per ASM: USD 13.40 cents, +10.4%;
    • Mainline: USD 12.13 cents, +9.8%;
  • Cost per ASM excl fuel and special items: USD 8.88 cents, +2.9%. [more - SEC Filing]

US Airways: "Looking forward, we believe we are well positioned for success in a dynamic and improving industry environment. The steps we have taken to improve our airline - focusing our flying on areas of competitive strength, increasing ancillary revenue generation, establishing industry-leading operating reliability and keeping our costs in check - have clearly made a difference and are now complemented by a much improved industry revenue environment. We anticipate a profitable second quarter and expect our revenue momentum and cost discipline to continue," Doug Parker, Chairman and CEO. Source: US Airways, 27-Apr-2010.