21-Jun-2010 10:28 AM

US Airways 'cautiously optimistic' for 2010

US Airways President, Scott Kirby, stated (18-Jun-2010) the revenue environment continues to show strong improvement in 2010 and the carrier is "cautiously optimistic" regarding its performance for the year. Mr Kirby said consolidated total RASM rose 11.1% year-on-year in 1Q2010, leading to a 7.2 ppt growth in pretax margin (excluding special charges). For 2010 and 2011, capital commitments as a percentage of revenue total 6.5% and 5.3%, respectively. [more]