March Madness Comes to America West
March 21 2005 - 4:50PM
PR Newswire (US)
March Madness Comes to America West Airline Anticipates Record RASM
Month for March PHOENIX, March 21 /PRNewswire-FirstCall/ -- America
West Airlines (NYSE:AWA) today reported that on Sunday, March 20,
2005 the airline achieved the highest yield, highest revenue per
available seat mile (RASM) and second highest load factor
performance of any day in the airline's history. In addition, the
airline completed 99.8 percent of its scheduled flights on Sunday,
March 20, and 80 percent of the airline's flights arrived within 14
minutes of schedule. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO) "Our
record revenue performance achieved yesterday demonstrates what
America West is capable of when demand is in synch with supply. In
addition, our outstanding team of 13,000 employees did a fantastic
job of running a reliable, on-time operation while transporting
over 90,000 passengers throughout our system," said Scott Kirby,
executive vice president, marketing and sales. "Additionally, due
to strong yields and demand, we anticipate the month of March may
result in the best RASM month in our airline's history." For
additional information regarding the airline's cost guidance and
other statistics, please visit the investor relations update, which
is located in the "About AWA" section of the airline's Web site at
http://www.americawest.com/. Approximately 55,000 customers upgrade
their low-fare experience every day when they get on board America
West. The airline's 13,000 employees are proud to offer a range of
services including more destinations than any other low-cost
carrier, first-class cabins, assigned seating, airport clubs and an
award-winning frequent flyer program. America West operates nearly
1,000 flights daily to 95 destinations in the U.S., Canada, Mexico
and Costa Rica. This press release and additional information on
America West can be accessed at http://www.americawest.com/. (AWAT)
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties that could cause America
West's actual results and financial position to differ materially
from these statements. These forward-looking statements may be
identified by words such as "anticipate," "believe," "estimate,"
"expect," "may," "will," "intend," "plan," "predict," and similar
terms used in connection with statements regarding our outlook, the
RASM environment, and our expected 2005 financial performance. The
risks and uncertainties relating to forward-looking statements
include, but are not limited to, the duration and extent of the
current soft economic conditions; the impact of global instability
including the continuing impact of the continued military presence
in Iraq and Afghanistan and the terrorist attacks of Sept. 11, 2001
and the potential impact of future hostilities, terrorist attacks,
infectious disease outbreaks or other global events; limitations on
our ability to obtain additional financing due to high levels of
debt and the financial and other covenants in our debt instruments;
changes in federal and state laws and regulations; changes in
prevailing interest rates and the availability of and terms of
financing to fund our business; the ability to attract and retain
qualified personnel; the cyclical nature of the airline industry;
competitive practices in the industry, including significant fare
restructuring activities by major airlines; the impact of changes
in fuel prices; relations with unionized employees generally and
the impact and outcome of the labor negotiations and other factors
described from time to time in the company's publicly available SEC
reports. We caution you that these risks may not be exhaustive. We
operate in a continually changing business environment, and new
risks emerge from time to time. The company undertakes no
obligation to publicly update any forward-looking statement to
reflect events or circumstances that may arise after the date of
this press release. Get on Board -AWA-
http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO
http://photoarchive.ap.org/ DATASOURCE: America West Airlines
CONTACT: Elise Eberwein of America West Airlines, +1-480-693-5729
Web site: http://www.americawest.com/
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