03 Jul 2004
America West Airlines (NYSE: AWA) today reported traffic statistics for June 2004. Revenue passenger miles (RPMs) for June 2004 were a record 2.1 billion, an increase of 9.5 percent from June 2003. Capacity for June 2004 was a record 2.6 billion available seat miles (ASMs). The passenger load factor for the month of June was 80.5 percent.
For the second quarter, America West reported record RPMs of 5.9 billion, an increase of 7.5 percent over the second quarter of 2003, and ASMs were a record 7.6 billion, an increase of 8.3 percent over the prior year period. America West also reported record year-to-date RPMs of 11.2 billion, record year-to-date ASMs of 14.9 billion and a record year-to-date load factor of 75.3 percent.
"We are pleased to report record revenue passenger miles for June. However, we experienced a slight year-over-year decrease in load factor as well as a decline in yields. This downward pressure on unit revenues is driven by a double-digit increase in industry domestic capacity versus last year, which is well in excess of the growth in demand. We expect the industry revenue environment to remain depressed through at least the back half of 2004, unless industry capacity is reduced," said Scott Kirby, executive vice president, sales and marketing.
Also for June, the airline will report to the Department of Transportation that its domestic on-time performance was 72.9 percent and its completion factor was 98.4 percent.
The following summarizes America West's June, second quarter and year-to-date traffic results for 2004 and 2003:
June 2004 June 2003 % Change Revenue Passenger Miles (000) 2,079,401 1,899,353 9.5 Available Seat Miles (000) 2,581,953 2,324,167 11.1 Load Factor (percent) 80.5 81.7 (1.2) pts. Enplanements 1,861,744 1,789,159 4.1
2Q 2004 2Q 2003 % Change Revenue Passenger Miles (000) 5,916,489 5,501,524 7.5 Available Seat Miles (000) 7,552,525 6,974,155 8.3 Load Factor (percent) 78.3 78.9 (0.6) pts. Enplanements 5,345,188 5,184,872 3.1
YTD 2004 YTD 2003 % Change Revenue Passenger Miles (000) 11,222,566 10,373,966 8.2 Available Seat Miles (000) 14,904,254 13,825,742 7.8 Load Factor (percent) 75.3 75.0 0.3 pts. Enplanements 10,242,737 9,840,152 4.1
America West Airlines is the nation's second largest low-fare airline and the only carrier formed since deregulation to achieve major airline status. America West's 13,000 employees serve nearly 55,000 customers a day in 96 destinations in the U.S., Canada, Mexico and Costa Rica.
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Media Contact: Shaun Breese +1 480-693-5729 shaun.breese@americawest.com