America West (NYSE:AWA)
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America West Reports Record June Traffic
PHOENIX, July 1 /PRNewswire-FirstCall/ -- America West Airlines (NYSE:AWA)
today reported traffic statistics for the month of June, second quarter and
year-to-date 2005. Revenue passenger miles (RPMs) for June 2005 were a record
2.2 billion, an increase of 4.1 percent from June 2004. Capacity for June 2005
was a record 2.6 billion available seat miles (ASMs), up 0.2 percent from June
2004. The passenger load factor for the month of June was a record at 83.6
percent versus 80.5 percent in June 2004.
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For the second quarter, America West reported record RPMs of 6.4 billion, an
increase of 8.0 percent over the second quarter of 2004, and ASMs were a record
7.8 billion, an increase of 2.7 percent over the prior year period. America
West also reported record year-to-date RPMs of 12.1 billion, ASMs of 15.1
billion and a load factor of 80.1 percent.
"We posted significant year-over-year improvements in unit revenue during June,
which were driven by our record load factor and double-digit growth in yield.
We are encouraged to see strong customer demand that is translating into
significant revenue increases for America West. Fortunately, the company's
continued strong revenue performance is helping to mitigate the impact of
higher fuel costs," remarked Scott Kirby, executive vice president, sales and
marketing.
The following summarizes America West's June, second quarter and year-to-date
traffic results for 2005 and 2004:
June 2005 June 2004 % Change
Revenue Passenger Miles (000) 2,162,641 2,078,403 4.1
Available Seat Miles (000) 2,587,011 2,581,953 0.2
Load Factor (percent) 83.6 80.5 3.1 pts.
Enplanements 1,961,510 1,859,682 5.5
2Q 2005 2Q 2004 % Change
Revenue Passenger Miles (000) 6,386,594 5,915,491 8.0
Available Seat Miles (000) 7,755,377 7,552,525 2.7
Load Factor (percent) 82.4 78.3 4.1 pts.
Enplanements 5,753,937 5,343,126 7.7
YTD 2005 YTD 2004 % Change
Revenue Passenger Miles (000) 12,057,637 11,221,568 7.5
Available Seat Miles (000) 15,056,538 14,904,254 1.0
Load Factor (percent) 80.1 75.3 4.8 pts.
Enplanements 10,926,100 10,240,675 6.7
Also for June, the airline will report to the Department of Transportation that
its domestic on-time performance was 80.8 percent and its completion factor was
99.0 percent.
For additional information regarding the airline's current cost per available
seat mile (CASM) guidance, fuel hedging positions, and estimated capital
expenditures for 2005, 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/. The investor relations update page also includes
current distribution percentages (information on the airline's distribution
channels) and fleet plan through 2007.
Approximately 60,000 customers upgrade their low-fare experience every day when
they get on board America West. The airline's 14,000 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 more than 900
flights daily to 94 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, expected fuel
costs, 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.
-AWA-
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DATASOURCE: America West Airlines
CONTACT: Phil Gee of America West Airlines, +1-480-693-5729
Web site: http://www.americawest.com/