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US Airways seeing "strong improvement" in revenue environment in 2010

10-Mar-2010 10:58 AM

US Airways Group COO, Robert Isom, at the JP Morgan Aviation, Transportation & Defense Conference, announced (09-Mar-2010) the following details regarding its operations:

  • Revenue environment: Stated the revenue environment "continues to show strong improvement" in 2010;
  • "A la carte" revenue: Expects to generate more than USD500 million in "a la carte" revenue in 2010, up from USD424.2 million in 2009;
  • Network realignment: The carrier has realigned its network so than 99% of its flying is in hub/focus cities by late 2010, up from 83% in 2006 and 89% in 2008;
  • Financing transactions: During 2009, US Airways financed USD1.1 billion in aircraft deliveries and deferred 54 Airbus aircraft for three years, to eliminate the need to access capital
    markets in 2010. This will have a USD300 million impact on the carrier's liquidity in 2010;
  • Capacity management: System capacity is expected to be in line with the industry's 0.8% increase in full-year systemwide capacity growth. [more]