US Airways revenue down 16.6%

US Airways revenue down 16.6% - consolidated financial highlights for the three months ended 30-Sep-2009:

• Revenue: USD2,719 million, -16.6% year-on-year;
• Costs: USD2,713 million, -31.3%;
• Labour: USD553 million, -2.5%;
• Fuel: USD534 million, -51.9%;
• Operating profit: USD6 million, compared to a loss of USD689 million in the previous corresponding period'
• Net profit (loss): (USD80 million), compared to a loss of USD866 million in the previous corresponding period;
• Passenger numbers: 20.3 million, -4.2%;
• Passenger load factor: 82.6%, +0.3 ppt;
• Yield: USD 13.01 cents, -15.8%;
  • Mainline: USD 11.18 cents, -17.2%;
• Passenger revenue per ASM: USD 10.75 cents, -15.4%;
  • Mainline: USD 9.39 cents, -17.1%;
• Revenue per ASM: USD 12.08 cents, -13.5%;
• Operating cost per ASM: USD 12.06 cents, -28.7%;
  • Mainline: USD 11.00 cents, -31.3%;
• Operating cost per ASM ex-fuel and special items:
  • Mainline: USD 8.06 cents, -0.3%. [more]

US Airways: "Our third quarter financial results reflect the soft, but improving economic environment. Our team is doing an excellent job of managing through this downturn, including reporting industry leading operations performance, maintaining diligent cost control and delivering meaningful a la carte revenue generation. As we look out at the improving demand environment for both business and leisure travel, US Airways is in an excellent position to capitalize on the recovering economy," Doug Parker, Chairman & CEO. Source: US Airways, 22-Oct-2009.