PHOENIX, July 2 /PRNewswire-FirstCall/—America West Airlines
(NYSE: AWA) today reported traffic statistics for the month of June. Revenue
passenger miles (RPMs) for June 2002 were a record 1.8 billion, up 2.3 percent
from June 2001. The passenger load factor for the month of June was
76.7 percent versus 78.1 in June 2001. Capacity for June 2002 was a record
2.4 billion available seat miles (ASMs), up 4.1 percent from June 2001.
America West also reported a record load factor for the second quarter of
75.7 percent up 0.2 points over second quarter last year. RPMs decreased by
0.3 to 5.2 billion for the quarter. ASMs decreased 0.7 percent from last
year`s second quarter to 6.9 billion for this year`s quarter.
Year-to-date load factor was also a record of 73.1 percent, up 0.8 points
from 2001. Year-to-date revenue passenger miles were 9.4 billion, a
6.3 percent decrease from 2001. Available seat miles decreased 7.3 percent
for the current year to 12.9 billion.
America West estimates that its June 2002 revenue per available seat mile
(RASM) declined versus June 2001 at approximately the same rate as the U.S.
domestic airline industry. In April and May, America West`s year-over-year
decline in RASM was significantly less than the domestic industry average due
to the success of its new business-friendly pricing structure introduced on
March 24, 2002. The June results continue to reflect the significant benefits
of the new pricing structure but these benefits are somewhat offset by
aggressive Southwest Airlines pricing impacting America West markets beginning
in late May.
America West Airlines is the nation`s largest low-fare, hub-and-spoke
airline. Founded in 1983, it is the only carrier formed since deregulation to
achieve major airline status. Today, America West is the nation`s eighth-
largest carrier and serves 88 destinations in the U.S., Canada and Mexico.
America West is a wholly owned subsidiary of America West Holdings
Corporation, an aviation and travel services company with 2001 sales of