US Airways Reports July Traffic ARLINGTON, Va., Aug. 4
/PRNewswire-FirstCall/ -- US Airways reported its July 2004
passenger traffic today. Mainline revenue passenger miles for July
2004 increased 3.3 percent on a 2.6 percent increase in available
seat miles compared to July 2003. The passenger load factor was
82.7 percent, which is a 0.6 percentage point increase compared to
July 2003. For the first seven months of 2004, mainline revenue
passenger miles increased 8.6 percent on a 4.9 percent increase in
available seat miles compared to the same period in 2003. The
passenger load factor for January through July 2004 was 75.9
percent, a 2.6 percentage point increase compared to the same
period in 2003. The 82.7 percent July mainline load factor was the
highest load factor for any July and the best load factor for any
month in the company's history. The two wholly owned subsidiaries
of US Airways Group, Inc. -- Piedmont Airlines, Inc., and PSA, Inc.
-- along with MidAtlantic Airways, reported a 60.1 percent increase
in revenue passenger miles for July 2004 on 28.4 percent more
capacity compared to July 2003. The passenger load factor was 70.4
percent, a 13.9 percentage point increase compared to July 2003.
For January through July 2004, revenue passenger miles for the two
wholly owned US Airways Express carriers and MidAtlantic increased
30.4 percent on a 13.5 percent increase in available seat miles
compared to the first seven months of 2003. The passenger load
factor for January through July 2004 was 60.3 percent, a 7.8
percentage point increase compared to the same period in 2003.
Mainline system passenger unit revenue for July 2004 is expected to
decrease between 0.0 percent and 1.0 percent compared to July 2003.
Customer reaction to US Airways' new low GoFares, which were
introduced in Philadelphia in May and in the Washington area in
mid-June, continues to be positive, resulting in an 86.4 percent
mainline July load factor in GoFares markets, compared to an 82.0
percent load factor across the remainder of the US Airways mainline
system. US Airways ended the month of July by completing 98.4
percent of its scheduled departures. Continued heavy rain and
thunderstorm activity in the East during the month of July affected
the company's departure performance. The mileage completion factor
was up 0.3 percentage points to 99.1 percent from 98.8 percent last
July. 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 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 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 July
July Percent 2004 2003 Change Revenue Passenger Miles (000):
Domestic* 2,804,880 2,789,504 0.6 International* 1,109,314 999,753
11.0 Total - Scheduled Service 3,914,193 3,789,257 3.3 Total
(Including Charter) 3,914,193 3,789,312 3.3 Available Seat Miles
(000): Domestic* 3,398,227 3,449,273 (1.5) International* 1,332,311
1,161,188 14.7 Total - Scheduled Service 4,730,537 4,610,461 2.6
Total (Including Charter) 4,730,537 4,610,665 2.6 Passengers
Boarded* 3,862,884 3,913,975 (1.3) System Load Factor* 82.7 82.2
0.6 Average Passenger Journey* 1,013.3 968.1 4.7 * scheduled
service NOTE: Numbers may not add or calculate due to rounding US
AIRWAYS, INC. YEAR-TO-DATE 2004 January- July January-July Percent
2004 2003 Change Revenue Passenger Miles (000): Domestic*
17,383,359 16,612,575 4.6 International* 6,319,126 5,221,134 21.0
Total - Scheduled Service 23,702,485 21,833,708 8.6 Total
(Including Charter) 23,703,645 21,884,876 8.3 Available Seat Miles
(000): Domestic* 23,146,385 22,992,902 0.7 International* 8,090,919
6,788,521 19.2 Total - Scheduled Service 31,237,304 29,781,422 4.9
Total (Including Charter) 31,239,939 29,863,577 4.6 Passengers
Boarded* 24,784,455 24,196,039 2.4 System Load Factor* 75.9 73.3
2.6 Average Passenger Journey* 956.3 902.4 6.0 * scheduled service
NOTE: Numbers may not add or calculate due to rounding US AIRWAYS
EXPRESS** SELECTED TRAFFIC STATISTICS July July Percent 2004 2003
Change Revenue Passenger Miles (000) 195,739 122,227 60.1 Available
Seat Miles (000) 278,075 216,554 28.4 Passengers Boarded* 659,904
550,906 19.8 System Load Factor* 70.4 56.4 13.9 Average Passenger
Journey 296.6 221.9 33.7 US AIRWAYS EXPRESS** YEAR-TO-DATE 2004
January-July January- July Percent 2004 2003 Change Revenue
Passenger Miles (000) 982,498 753,280 30.4 Available Seat Miles
(000) 1,630,414 1,436,774 13.5 Passengers Boarded* 3,831,001
3,401,983 12.6 System Load Factor* 60.3 52.4 7.8 Average Passenger
Journey 256.5 221.4 15.8 *scheduled service **Piedmont Airlines,
Inc., PSA Airlines, Inc. and the MidAtlantic Airways division of US
Airways. The corporate merger of Allegheny Airlines, Inc., and
Piedmont Airlines was effective July 1, 2004. 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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