Loading
6-Oct-2010 11:56 AM

US Airways expects to be profitable in FY2010, capacity to increase

US Airways stated (05-Oct-2010) it expects to end the Sep-2010 quarter with USD2,370 million in total cash and investments, including USD380 million in restricted cash. The carrier also expects to pay between USD2.15 and USD2.20 per gallon of mainline jet fuel (including taxes). US Airways provided the following guidance for its mainline operations:

  • 3Q2010 forecast:
    • Revenue:
      • Cargo: USD35 million;
      • Other revenue*: USD315 million;
    • Capacity (ASMs): 17.4 billion;
    • Cost per ASM excl fuel**: -1% to +1%;
  • FY2010 forecast:
    • Revenue:
      • Cargo: USD140 million;
      • Other revenue*: USD1,300 million;
    • Capacity: 71.5 billion;
    • Cost per ASM excl fuel**: -1% to +1%. [more]

*Includes ticket change fees, excess / overweight baggage fees, first and second bag fees, contract services, simulator rental, airport clubs, Materials Services Company (MSC), and inflight service revenues
**Excluding special items and profit sharing

US Airways: "For 2010, total system capacity is expected to be up slightly. Mainline is forecast to be up approximately 1%, with domestic down approximately 1% and international up approximately 8% … For the full-year 2010, the company expects to be profitable and will use NOL to reduce federal and state taxable income," Company statement. Source: US Airways, 05-Oct-2010.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More