US Airways Reports 77.1 Percent August Load Factor

ARLINGTON, Va., Sept. 4, 2002—US Airways reported today that revenue passenger miles for August 2002 declined 17.3 percent compared to August 2001, while available seat miles for the month were down 18.2 percent compared to the same period last year. The passenger load factor for August 2002 was 77.1 percent, an increase of 0.9 percentage points compared to August 2001.
Revenue passenger miles for the first eight months of the year decreased 17.6 percent compared to the same period in 2001, while available seat miles were down 19.2 percent year-over-year. The passenger load factor for the period was 73.2 percent, an increase of 1.5 percentage points compared to the same period in 2001.
The three wholly owned subsidiaries of US Airways Group, Inc.—Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc.,—reported that revenue passenger miles for August 2002 increased 3.4 percent compared to August 2001, while available seat miles increased 8.3 percent. The passenger load factor for the month was 55.8 percent, a decrease of 2.6 percentage points compared to the same period in 2001.
Revenue passenger miles for the first eight months of the year for the three US Airways Express wholly owned subsidiaries increased 3.7 percent compared to the same period in 2001, while available seat miles were up 10.0 percent. The passenger load factor for the second quarter was 53.2 percent, a decrease of 3.3 percentage points compared to the same period in 2001.
“I am extremely proud of our employees for another month of outstanding operations across our system,” said US Airways President and Chief Executive Officer David Siegel.
In August, 86.6 percent of US Airways flights arrived on time, which was the best August in the Company’s history. US Airways also completed 99.2 percent of its flights, another Company best for the month. “Our hubs have been running smoothly and we have operated every scheduled transatlantic flight since May,” said Siegel.
Mainline passenger unit revenues continue to fall, with an expected decline of between 8.5 percent and 9.5 percent for August 2002, compared to August 2001.
——-