Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
USAirways In Big Trouble  
User currently offlineHustler From United States of America, joined Jun 2001, 325 posts, RR: 1
Posted (12 years 6 months 3 weeks 2 days ago) and read 1677 times:

ARLINGTON, Va., Oct. 3, 2001 - US Airways reported today that revenue passenger miles for September 2001 were down 33.4 percent compared to September 2000, while available seat miles for the month decreased 20.6 percent. The passenger load factor for the month was 56.1 percent, a decrease of 10.8 percentage points compared to September 2000.

US Airways' September traffic results were affected dramatically by the events of Sept. 11. Commercial flights throughout the country were suspended almost completely for three days and resumed gradually once the Federal Aviation Administration allowed resumption of operations. While there has been a significant increase in the number of passengers booking on US Airways in recent days, the total remains well below trends that had been established earlier in the year. In response, US Airways has reduced its operations and is implementing a schedule that will reflect a reduction of 23 percent in capacity.


From Sept. 1 to Sept. 10, US Airways' load factor was 65.4 percent. From Sept. 14, when flight operations resumed, through Sept. 22, the load factor was 45.9 percent and that increased during the period Sept. 23
through Sept. 30 to 52.8 percent. That upward trend is continuing. The same trend is reflected in terms of the numbers of passengers carried. On Sept. 14, the first day that flight schedules began to return to a more normal pattern, US Airways carried 51,753 passengers. Beginning Sept. 27, US Airways has carried in excess of 100,000 passengers on most days and forward bookings indicate that trend is continuing. The return to operations at Washington's Ronald Reagan National Airport, albeit on a limited basis, should support this trend.

In response to these developments, US Airways has taken a number of steps to reduce and control costs. As a result of the necessary reduction of capacity by 23 percent, US Airways is sadly reducing its workforce by over 11,000 and is retiring three fleet types - the B-737-200, the F-100 and the MD-80. Four reservations centers have been closed as have more than 40 city ticket offices. Maintenance operations are being further
rationalized to result in greater efficiencies.

As of Sept. 30, 2001, US Airways Group had just over $1.0 billion in cash on hand. In addition, US Airways Group anticipates receiving a further grant in October of approximately $180 million from the U.S. government under the Air Transportation Safety and System Stabilization Act to compensate for losses resulting from the terrorist actions of Sept. 11.

For the third quarter of 2001, revenue passenger miles were down 5.4 percent compared to the same period in 2000, while available seat miles were down 2.9 percent year-over-year. The passenger load factor for the period was 71.1 percent, a decrease of 1.8 percentage points compared to 2000.

Year-to-date revenue passenger miles were up 6.3 percent, compared to the same period in 2000, while available seat miles were up 6.8 percent year-over-year. The passenger load factor for the nine-month period was 70.4 percent, a decrease of 0.3 percentage points compared to 2000.

The four wholly owned subsidiaries of US Airways Group, Inc. -- Allegheny Airlines, Inc.; Piedmont Airlines, Inc.; Potomac Air; and PSA Airlines, Inc. -- reported that revenue passenger miles for September were down 35.1 percent compared to September 2000, while available seat miles for the month were down 16.9 percent. The passenger load factor for the month was 42.7 percent, a decrease of 12.0 percentage points compared to September 2000.

For the second quarter of 2001, US Airways Express revenue passenger miles were down 9.9 percent compared to the same period in 2000, while available seat miles were down 4.0 percent. The passenger load factor for the period was 54.0 percent, a decrease of 3.5 percentage points from 2000.

Year-to-date, US Airways Express revenue passenger miles were down 4.3 percent compared to the same period in 2000, while available seat miles were down 2.1 percent. The passenger load factor for the nine-month period was 55.2 percent, a decrease of 1.3 percentage points from 2000.


++++++++++++++++++++++++++++++++++++++++++

I don't know guys. They're not looking good.

...Hustler.

13 replies: All unread, jump to last
 
User currently offlineAirbus380 From , joined Dec 1969, posts, RR:
Reply 1, posted (12 years 6 months 3 weeks 2 days ago) and read 1536 times:

If they go down, they should sell their A330s to UA or AY.

User currently offlineCedarjet From United Kingdom, joined May 1999, 7945 posts, RR: 54
Reply 2, posted (12 years 6 months 3 weeks 2 days ago) and read 1517 times:

Poor USAir, my favourite US carrier. If it could happen to Swissair, Sabena and Ansett, it could happen to anyone, especially US. Hope they make it.


fly Saha Air 707s daily from Tehran's downtown Mehrabad to Mashhad, Kish Island and Ahwaz
User currently offlineNKP S2 From United States of America, joined Dec 1999, 1714 posts, RR: 5
Reply 3, posted (12 years 6 months 3 weeks 2 days ago) and read 1496 times:

Just how many airlines are NOT in "big trouble" these days...?

User currently offlineTransSwede From United States of America, joined Sep 2001, 993 posts, RR: 0
Reply 4, posted (12 years 6 months 3 weeks 2 days ago) and read 1480 times:

Well, here are some better news:

Report: US Airways Not in Danger
http://dailynews.yahoo.com/h/ap/20011005/bs/us_airways_1.html


User currently offlineTravatl From United States of America, joined Mar 2001, 2173 posts, RR: 7
Reply 5, posted (12 years 6 months 3 weeks 2 days ago) and read 1466 times:

I with NKP S2 on this one. I see no difference in this press release and those released in the last few days by Delta, Continental, and AirTran. Their load factor didn't fall dramatically lower than anyone else, they're not dropping
capacity by a significant amount more than anyone else, and they still have a billion dollars in cash, plus are recieving $180 million more in October.

Like EVERY airline in the US, September 2001 and the third quarter are turning out to be a bleak period, but I don't think it's going to have any MORE of
a negative impact on USAirways than anybody else. It's tough all over.

Travis


User currently offlineAloha 737-200 From , joined Dec 1969, posts, RR:
Reply 6, posted (12 years 6 months 3 weeks 2 days ago) and read 1441 times:

I heard UA and US were the hardest hit by allthis, while the other carriers, AA, DL, etc were fairing a bit better.

Currently the least-hit airline is SWA, who seems to be recovering nicely, and has NO plans to lay off employees and retire aircraft. They found other ways to cut expenses, in reductions in travel agent commission, and cancelling an order for more 737-700s.

I'm not worried in the least by all this. Within a year's time the airline industry will be back up to speed, however lot of nmes might disappear by then, but the survivors will pick up the load. Big grin

I'm still going for that career at Aloha.  Big grin

Aloha 737-200!!; -)


User currently offlineDCA-ROCguy From United States of America, joined Apr 2000, 4467 posts, RR: 34
Reply 7, posted (12 years 6 months 3 weeks 1 day 23 hours ago) and read 1416 times:

US Airways isn't going anywhere. They're kind of like Hyman Roth, Michael Corelone's aging partner in nine-figure crime in "The Godfather Part II." Roth is always sick and claiming to be dying. But as Michael says at one point (I think to Tom Hagen), "Roth has been dying of the same heart attack for twenty years."

US Airways' traffic will continue to recover, especially now that DCA is open again. US still likely has at least $1 billion of the cash reserve they were sitting on this summer. If they continue to retire old a/c types and continue implementing regional jets, US has a much better chance of hanging on for a few years than it seemed like two weeks ago.

A new market reality is spreading on the East Coast--high-quality low-fare air service. If US gets out of the way, and concentrates on their high-yield shuttle and major city routes (which low-fare carriers tend to avoid) they've got several good years left. Even after 9/11.

Jim


User currently offlineFlying-Tiger From Germany, joined Aug 1999, 4151 posts, RR: 37
Reply 8, posted (12 years 6 months 3 weeks 1 day 23 hours ago) and read 1406 times:

Here are the major´s load factors for Sep 00 and 01:
2000 2001
American 69.8 59.6 -10.2
AmWest 64.9 59.8 - 4.2
Continental 72.4 61.4 - 11.0
Delta 68.5 56.2 - 12.3
Northwest 76.5 63.8 - 12.7
United 69.9 61.1 - 8.8
US Airways 66.9 56.8 - 10.8

For me US´ permformance was average compared to the majors. But they were the most affected as one of their hubs, Wasington-National was closed and was only reopend this week.

I think US´ position isn´t that bad. They have a quite young fleet now with most old planes (F100, MD-80, DC-9, F100) being retired, leaving only the 2nd generation 737s, A32X, B757/762 and A330. From what I see a good mix. And they will make a choice for regional jets in the foreseeable future. Don´´t forget that the aviation industry is an industry with long-term investments so they need to invest into their future and RJs will surely help them. Nowadays the slogan is "downsizing, outsourcing" -> which means nothing different than replacing 100/120-seat equipment with RJs (50/70/90-seats), being operated by regional affiliates - or in case of the big ones - already with the main line.

I would be interested in knowing how you folks think are the chances of a tie-up between NW and US: Both operate nearly similar fleets (NW does not have the 767, US does not have the DC-10 and 747), have a complementary network, are not really aligned in one of the world-wide alliances. IF the DL/CO merger really goes ahead and tie between NW and CO will for sure be terminated which would leave two medium-sized majors in the USA being completly unaligened. For me this merger would be far more promising than CO/DL or the former US/UA merger.

Regards
Flying-Tiger
http://fly.to/rorders The regional plane orders site



Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
User currently offlineFlight152 From United States of America, joined Nov 2000, 3369 posts, RR: 6
Reply 9, posted (12 years 6 months 3 weeks 1 day 21 hours ago) and read 1374 times:

Airbus380
If they go down, they should sell their A330s to UA or AY.

Why the heck would UA want them, they have not one airbus widebody in their fleet!  Laugh out loud


User currently offlineHighliner2 From United States of America, joined Nov 2000, 695 posts, RR: 2
Reply 10, posted (12 years 6 months 3 weeks 1 day 19 hours ago) and read 1322 times:

I agree, why would UA want to add another type, and raise costs at a time like this?


Go Cubs!
User currently offlineBoeingfan From United States of America, joined Aug 2001, 385 posts, RR: 1
Reply 11, posted (12 years 6 months 3 weeks 1 day 19 hours ago) and read 1321 times:

US Airways should leverage the demise of Midway Airlines at RDU. Add more regional jets.

User currently offlineTEDSKI From , joined Dec 1969, posts, RR:
Reply 12, posted (12 years 6 months 3 weeks 1 day 16 hours ago) and read 1271 times:

It was the closure of DCA, a major US Air hub which hurt them the most especially with their Shuttle service between Logan, LaGuardia & DCA.

User currently onlineYoungDon From United States of America, joined May 2001, 349 posts, RR: 0
Reply 13, posted (12 years 6 months 3 weeks 1 day 10 hours ago) and read 1229 times:

I don't see how everybody calls the F100s old. They're younger than a lot of US's 733/734's!

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Twitter Joke Lands Briton In BIG Trouble posted Mon Jan 18 2010 20:19:57 by TheCommodore
Timco MX Base In GSO In BIG Trouble posted Sat Mar 12 2005 19:00:02 by Flyibaby
Transjet In BIG Trouble? posted Mon May 20 2002 22:38:30 by NG737PSR
Denver (DEN) In BIG Trouble posted Thu Feb 7 2002 23:47:55 by BA
Canada 3000 In Big Trouble, Royal Back? posted Wed Nov 7 2001 22:54:12 by SafeFlyer
Avianca In Big Trouble posted Sat Oct 6 2001 04:22:48 by Latinplane
Continental Airlines Is IN BIG Trouble posted Thu Sep 28 2000 04:56:19 by Randy1676
Sabena In Big Trouble posted Tue Aug 29 2000 12:37:25 by Sndp
Arik Air In Big Financial Trouble? posted Sat Sep 18 2010 15:33:08 by airbuske
USAirways In Trouble In LAS? posted Wed Mar 12 2008 09:08:52 by AlexInWa