EX-99.1 2 p71985exv99w1.htm EX-99.1 exv99w1
 

EXHIBIT 99.1
(US AIRWAY LOGO)   (NEWSRELEASE)
For additional information, please contact US Airways Media Relations at 480-693-5729
         
 
  Contact:   Phil Gee
480/693-5729
FOR IMMEDIATE RELEASE
US AIRWAYS GROUP, INC. REPORTS FEBRUARY TRAFFIC
     TEMPE, Ariz., March 6, 2006 — US Airways Group, Inc. (NYSE: LCC) today reported traffic statistics for the month of February 2006. For America West operated flights, revenue passenger miles (RPMs) for the month were 1.7 billion, down 1.7 percent from February 2005. Capacity was 2.1 billion available seat miles (ASMs), down 6.7 percent from February 2005. The passenger load factor for February was a record 79.7 percent versus 75.6 percent in February 2005.
     For US Airways mainline operated flights, RPMs for February 2006 were 2.5 billion, a decrease of 13.9 percent from February 2005. Capacity was 3.4 billion ASMs, down 19.3 percent from February 2005. The passenger load factor for the month of February was a record 74.3 percent versus 69.7 percent in February 2005.
     Executive Vice President, Sales and Marketing Scott Kirby said, “Our unit revenue year-over-year improvements continue. Our February passenger revenue per available seat mile (PRASM) growth accelerated from January’s robust pace. Mainline PRASM for both the east and west networks was up over 20 percent during February 2006 over the same period in 2005. On a consolidated basis (mainline and Express), PRASM was up over 25 percent.”
     Until US Airways operates under one certificate, data regarding America West and US Airways operated flights will continue to be reported separately. Additionally, US Airways Express will continue to report separate data. US Airways Group, Inc., consisting of America West, US Airways mainline and US Airways Express combined operational information will also be reported.
     The following summarizes America West, US Airways mainline, US Airways Express and US Airways Group, Inc. combined February and year-to-date traffic results for 2006 and 2005:

 

 

America West
                                 
    2006     2005     % Change          
REVENUE PSGR MILES (000)
     1,678,279       1,707,588       -1.7          
Domestic
     1,611,036       1,635,025       -1.5          
International
     67,243       72,563       -7.3          
 
                                
AVAILABLE SEAT MILES (000)
     2,106,735       2,257,260       -6.7          
Domestic
     2,019,072       2,162,816       -6.6          
International
     87,663       94,444       -7.2          
 
                                
LOAD FACTOR (%)
     79.7       75.6       4.1     PTS
ENPLANEMENTS
     1,543,429       1,564,430       -1.3          
                                 
YEAR-TO-DATE   2006     2005     % Change          
REVENUE PSGR MILES (000)
     3,540,686       3,526,560       0.4          
Domestic
     3,399,436       3,378,368       0.6          
International
     141,250       148,192       -4.7          
 
                                
AVAILABLE SEAT MILES (000)
     4,565,921       4,705,149       -3.0          
Domestic
     4,378,786       4,508,756       -2.9          
International
     187,135       196,393       -4.7          
 
                                
LOAD FACTOR (%)
     77.5       75.0       2.5     PTS
ENPLANEMENTS
     3,228,311       3,242,599       -0.4          
US Airways Mainline
                                 
    2006     2005     % Change          
REVENUE PSGR MILES (000)
     2,523,638       2,931,690       -13.9          
Domestic
     1,904,749       2,268,023       -16.0          
International
     618,889       663,667       -6.7          
 
                                
AVAILABLE SEAT MILES (000)
     3,394,835       4,208,305       -19.3          
Domestic
     2,459,035       3,255,115       -24.5          
International
     935,800       953,190       -1.8          
 
                                
LOAD FACTOR (%)
     74.3       69.7       4.6     PTS
ENPLANEMENTS
     2,629,735       3,154,277       -16.6          
                                 
YEAR-TO-DATE   2006     2005     % Change          
REVENUE PSGR MILES (000)
     5,091,021       5,838,730       -12.8          
Domestic
     3,813,487       4,470,202       -14.7          
International
     1,277,534       1,368,528       -6.6          

 

 

                                 
YEAR-TO-DATE   2006     2005     % Change          
AVAILABLE SEAT MILES (000)
     7,129,334       8,466,290       -15.8          
Domestic
     5,194,217       6,528,495       -20.4          
International
     1,935,117       1,937,795       -0.1          
 
                                
LOAD FACTOR (%)
     71.4       69.0       2.4     PTS
ENPLANEMENTS
     5,203,619       6,177,280       -15.8          
US Airways Express
                                 
    2006     2005     % Change          
REVENUE PSGR MILES (000)
     232,190       214,894       8.0          
Domestic
     232,190       214,894       8.0          
 
                                
AVAILABLE SEAT MILES (000)
     359,486       390,610       -8.0          
Domestic
     359,486       390,610       -8.0          
 
                                
LOAD FACTOR (%)
     64.6       55.0       9.6     PTS
ENPLANEMENTS
     695,092       611,565       13.7          
                                 
YEAR-TO-DATE   2006     2005     % Change          
REVENUE PSGR MILES (000)
     456,601       414,182       10.2          
Domestic
     456,601       414,182       10.2          
 
                                
AVAILABLE SEAT MILES (000)
     764,176       763,371       0.1          
Domestic
     764,176       763,371       0.1          
 
                                
LOAD FACTOR (%)
     59.8       54.3       5.5     PTS
ENPLANEMENTS
     1,359,370       1,177,723       15.4          
Combined US Airways Group*
                                 
    2006     2005     % Change          
REVENUE PSGR MILES (000)
     4,434,107       4,854,172       -8.7          
Domestic
     3,747,975       4,117,942       -9.0          
International
     686,132       736,230       -6.8          
 
                                
AVAILABLE SEAT MILES (000)
     5,861,056       6,856,175       -14.5          
Domestic
     4,837,593       5,808,541       -16.7          
International
     1,023,463       1,047,634       -2.3          
 
                                
LOAD FACTOR (%)
     75.7       70.8       4.9     PTS
ENPLANEMENTS
     4,868,256       5,330,272       -8.7          
                                 
YEAR-TO-DATE   2006     2005     % Change          
REVENUE PSGR MILES (000)
     9,088,308       9,779,472       -7.1          
Domestic
     7,669,524       8,262,752       -7.2          

 

 

                                 
YEAR-TO-DATE   2006     2005     % Change          
International
     1,418,784       1,516,720       -6.5          
 
                                
AVAILABLE SEAT MILES (000)
     12,459,431       13,934,810       -10.6          
Domestic
     10,337,179       11,800,622       -12.4          
International
     2,122,252       2,134,188       -0.6          
 
                                
LOAD FACTOR (%)
     72.9       70.2       2.7     PTS
ENPLANEMENTS
     9,791,300       10,597,602       -7.6          
Integration Update
     US Airways is also providing a brief update on the integration process between US Airways and America West. Listed below are major accomplishments from the month of February:
•   Recalled 55 furloughed US Airways pilots.
•   Lowered fares in Greensboro/High Point, NC to 33 markets by introducing customer friendly pricing structure.
•   Announced agreement with Embraer for firm orders of 25 EMBRAER 190 aircraft and 32 additional EMBRAER 190 aircraft that are subject to reconfirmation by US Airways. The agreement also includes up to 50 options for other aircraft in the Embraer 170/190 family. Deliveries are scheduled to resume in November 2006.
     America West and US Airways now report combined operational performance numbers to the Department of Transportation. For the month of February 2006, US Airways’ will report a domestic on-time performance of 79.2 percent and a completion factor of 98.2 percent.
     US Airways and America West’s recent merger creates the fifth largest domestic airline employing approximately 35,000 aviation professionals and serving more than 230 destinations. This press release and additional information on US Airways can be found at www.usairways.com or www.americawest.com. (LCCT)
     US Airways is a member of the Star Alliance, which was established in 1997 as the first truly global airline alliance to offer customers worldwide reach and a smooth travel experience. Star Alliance was voted Best Airline Alliance by Skytrax in 2003 and 2005. The members are Air Canada, Air New Zealand, ANA, Asiana Airlines, Austrian, bmi, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines, Spanair, TAP Portugal, THAI, United, US Airways and VARIG Brazilian Airlines. South African Airways and SWISS will be integrated during the first half of 2006. Regional member carriers Adria Airways (Slovenia), Blue1 (Finland) and Croatia Airlines enhance the global network. Overall, Star Alliance offers more than 15,000 daily flights to 790 destinations in 138 countries.
FORWARD-LOOKING STATEMENTS
     Certain of the statements contained herein should be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be

 

 

identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “could,” “should,” and “continue” and similar terms used in connection with statements regarding the outlook of US Airways Group (the “Company”), expected fuel costs, the revenue and pricing environment, and expected financial performance. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including future financial and operating results, the combined companies’ plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties that could cause the Company’s actual results and financial position to differ materially from these statements. Such risks and uncertainties include, but are not limited to, the following: the ability of the Company to obtain and maintain any necessary financing for operations and other purposes (including compliance with financial covenants); the ability of the Company to maintain adequate liquidity; the impact of changes in fuel prices; the impact of economic conditions; changes in prevailing interest rates; the ability to attract and retain qualified personnel; the ability of the Company to attract and retain customers; the ability of the Company to obtain and maintain commercially reasonable terms with vendors and service providers; the cyclical nature of the airline industry; competitive practices in the industry, including significant fare restructuring activities by major airlines; labor costs; security-related and insurance costs; weather conditions; government legislation and regulation; relations with unionized employees generally and the impact and outcome of the labor negotiations; the impact of global instability including the potential impact of current and future hostilities, terrorist attacks, infectious disease outbreaks or other global events; the impact of the resolution of remaining claims in US Airways Group’s Chapter 11 proceedings; the ability of the Company to fund and execute its business plan following the Chapter 11 proceedings and the merger; and other risks and uncertainties listed from time to time in the Company’s reports to the SEC. There may be other factors not identified above of which the Company is not currently aware that may affect matters discussed in the forward-looking statements, and may also cause actual results to differ materially from those discussed. The Company assumes no obligation to publicly update any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law. Additional factors that may affect the future results of the Company are set forth in the section entitled “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 and in the filings of the Company with the SEC, which are available at www.usairways.com.
-LCC-