US Airways Reports June Traffic ARLINGTON, Va., July 6
/PRNewswire-FirstCall/ -- US Airways reported its June 2004
passenger traffic today. Mainline revenue passenger miles for June
2004 increased 5.4 percent on a 1.5 percent increase in available
seat miles compared to June 2003. The passenger load factor was
81.6 percent, which is a 3.0 percentage point increase compared to
June 2003. For the second quarter 2004, mainline revenue passenger
miles increased 8.7 percent on a 4.0 percent increase in available
seat miles compared to the same period in 2003. The passenger load
factor for the quarter 2004 was 78.9 percent, a 3.5 percentage
point increase compared to the second quarter 2003. Mainline
revenue passenger miles for the first six months of 2004 increased
9.7 percent on a 5.3 percent increase in available seat miles
compared to the same period in 2003. The passenger load factor for
the first six months of 2004 was 74.7 percent, a 3.0 percentage
point increase compared to the same period in 2003. The three
wholly owned subsidiaries of US Airways Group, Inc. -- Allegheny
Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc. -- along
with MidAtlantic Airways, reported a 55.8 percent increase in
revenue passenger miles for June 2004 on 29.7 percent more capacity
compared to June 2003. The passenger load factor was 67.6 percent,
an 11.3 percentage point increase compared to June 2003. Second
quarter 2004 revenue passenger miles for the three wholly owned US
Airways Express carriers and MidAtlantic increased 42.8 percent on
a 22.7 percent increase in available seat miles compared to the
second quarter 2003. The passenger load factor for the second
quarter 2004 was 63.6 percent, an 8.9 percentage point increase
compared to the same period in 2003. For the first six months of
2004, revenue passenger miles for the three wholly owned US Airways
Express carriers and MidAtlantic increased 24.7 percent on a 10.8
percent increase in available seat miles compared to the first six
months of 2003. The passenger load factor for the first six months
of the year was 58.2 percent, a 6.5 percentage point increase
compared to the same period in 2003. Mainline system passenger unit
revenue for June 2004 is expected to increase between 2.0 percent
and 3.0 percent compared to June 2003. Customer reaction to US
Airways' new low GoFares, which were introduced in Philadelphia in
May and in the Washington area in mid-June, has been positive,
resulting in an 85.2 percent June load factor in Philadelphia
GoFares markets, compared to an 81.1 percent mainline load factor
across the rest of the US Airways system. The 81.6 percent June
mainline load factor was the highest load factor for any June in
the company's history. The 78.9 percent second quarter load factor
was also a record load factor for US Airways in any second quarter,
and marks the fourth consecutive record quarterly load factor. US
Airways ended the month of June by completing 99.1 percent of its
scheduled departures. Certain of the statements contained herein
should be considered "forward- looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
which reflect the current views of US Airways Group, Inc. (US
Airways Group or the company) with respect to current events and
financial performance. You can identify these statements by
forward-looking words such as "may," "will," "expect," "intend,"
"anticipate," "believe," "estimate," "plan," "could," "should," and
"continue" or similar words. These forward- looking statements may
also use different phrases. Such forward-looking statements are and
will be, as the case may be, subject to many risks, uncertainties
and factors relating to the company's operations and business
environment which may cause the actual results of the company to be
materially different from any future results, express or implied,
by such forward-looking statements. Factors that could cause actual
results to differ materially from these forward-looking statements
include, but are not limited to, the following: the ability of the
company to operate pursuant to the terms of its financing
facilities (particularly the financial covenants); the ability of
the company to obtain and maintain normal terms with vendors and
service providers; the company's ability to maintain contracts that
are critical to its operations; the ability of the company to fund
and execute its business plan; the ability of the company to
implement its transformation plan absent a judicial restructuring;
the ability of the company to attract, motivate and/or retain key
executives and associates; the ability of the company to attract
and retain customers; the ability of the company to maintain
satisfactory labor relations; demand for transportation in the
markets in which the company operates; economic conditions; labor
costs; financing availability and costs; aviation fuel costs;
security-related and insurance costs; competitive pressures on
pricing (particularly from lower-cost competitors) and on demand
(particularly from low-cost carriers and multi-carrier alliances);
weather conditions; government legislation and regulation; impact
of the Iraqi war and the Iraqi occupation; other acts of war or
terrorism; ongoing market acceptance of the company's new Class A
Common Stock; 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 update
such estimates to reflect actual results, changes in assumptions or
changes in other factors affecting such estimates other than as
required by law. US AIRWAYS, INC. SELECTED TRAFFIC STATISTICS June
June Percent 2004 2003 Change Revenue Passenger Miles (000):
Domestic* 2,659,193 2,583,911 2.9 International* 1,071,675 955,526
12.2 Total - Scheduled Service 3,730,869 3,539,437 5.4 Total
(Including Charter) 3,730,940 3,539,465 5.4 Available Seat Miles
(000): Domestic* 3,297,166 3,385,974 (2.6) International* 1,276,805
1,118,536 14.1 Total - Scheduled Service 4,573,971 4,504,510 1.5
Total (Including Charter) 4,574,070 4,504,604 1.5 Passengers
Boarded* 3,709,562 3,695,452 0.4 System Load Factor* 81.6 78.6 3.0
Average Passenger Journey* 1,005.7 957.8 5.0 * scheduled service
NOTE: Numbers may not add or calculate due to rounding US AIRWAYS,
INC. SECOND QUARTER 2004 April - June April - June Percent 2004
2003 Change Revenue Passenger Miles (000): Domestic* 7,747,678
7,418,468 4.4 International* 2,921,610 2,392,826 22.1 Total -
Scheduled Service 10,669,289 9,811,294 8.7 Total (Including
Charter) 10,669,415 9,840,370 8.4 Available Seat Miles (000):
Domestic* 9,856,292 9,979,740 (1.2) International* 3,662,660
3,025,104 21.1 Total - Scheduled Service 13,518,952 13,004,844 4.0
Total (Including Charter) 13,519,134 13,050,433 3.6 Passengers
Boarded* 11,070,114 10,855,227 2.0 System Load Factor* 78.9 75.4
3.5 Average Passenger Journey* 963.8 903.8 6.6 * scheduled service
NOTE: Numbers may not add or calculate due to rounding. US AIRWAYS,
INC. YEAR-TO-DATE 2004 Jan. - June Jan. - June Percent 2004 2003
Change Revenue Passenger Miles (000): Domestic* 14,578,479
13,823,070 5.5 International* 5,209,812 4,221,381 23.4 Total -
Scheduled Service 19,788,291 18,044,451 9.7 Total (Including
Charter) 19,789,452 18,095,564 9.4 Available Seat Miles (000):
Domestic* 19,748,158 19,543,629 1.0 International* 6,758,609
5,627,333 20.1 Total - Scheduled Service 26,506,767 25,170,961 5.3
Total (Including Charter) 26,509,402 25,252,912 5.0 Passengers
Boarded* 20,921,571 20,282,064 3.2 System Load Factor* 74.7 71.7
3.0 Average Passenger Journey* 945.8 889.7 6.3 * scheduled service
NOTE: Numbers may not add or calculate due to rounding US AIRWAYS
EXPRESS** SELECTED TRAFFIC STATISTICS June June Percent 2004 2003
Change Revenue Passenger Miles (000) 183,298 117,658 55.8 Available
Seat Miles (000) 271,156 209,138 29.7 Passengers Boarded* 656,407
529,841 23.9 System Load Factor* 67.6 56.3 11.3 Average Passenger
Journey 222.1 25.7 279.2 * scheduled service ** Allegheny Airlines,
Inc., Piedmont Airlines, Inc., PSA Airlines, Inc., and the
MidAtlantic Airways division of US Airways US AIRWAYS EXPRESS**
SECOND QUARTER 2004 April - June April - June Percent 2004 2003
Change Revenue Passenger Miles (000) 484,642 339,440 42.8 Available
Seat Miles (000) 761,960 620,916 22.7 Passengers Boarded* 1,842,395
1,535,909 20.0 System Load Factor* 63.6 54.7 8.9 Average Passenger
Journey 263.0 221.0 19.0 * scheduled service ** Allegheny Airlines,
Inc., Piedmont Airlines, Inc., PSA Airlines, Inc., and the
MidAtlantic Airways division of US Airways NOTE: Numbers may not
add or calculate due to rounding. US AIRWAYS EXPRESS** YEAR-TO-DATE
2004 Jan. - June Jan. - June Percent 2004 2003 Change Revenue
Passenger Miles (000) 786,758 631,054 24.7 Available Seat Miles
(000) 1,352,339 1,220,219 10.8 Passengers Boarded* 3,171,097
2,851,077 11.2 System Load Factor* 58.2 51.7 6.5 Average Passenger
Journey 248.1 221.3 12.1 * scheduled service ** Allegheny Airlines,
Inc., Piedmont Airlines, Inc., PSA Airlines, Inc., and the
MidAtlantic Airways division of US Airways NOTE: Numbers may not
add or calculate due to rounding. DATASOURCE: US Airways CONTACT:
David Castelveter of US Airways, +1-703-872-5100 Web site:
http://www.usairways.com/
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