US Airways : US : AWE

Jeannot a écrit:Lu dans Air et Cosmos 2102 du 3à octobre 2009

L'arrivée de Continental dans la Star Alliance semble géner US Airways qui pourrait quitter la Star Alliance et rejoindre Oneworld.

	Trafic		Capacité		Taux de remplissage
	RPMs	%	ASMs	%	%	Modification
Delta	15,30	-6,5	18,18	-8,3	84,2	1,6
American	10,24	-2,6	12,33	-7,3	83,1	4,0
United	5,43	-3,8	10,06	-6,8	83,8	2,5
Continental	6,47	1,9	7,80	-2,4	83,0	3,5
Southwest	6,33	1,9	7,99	-9,4	79,2	8,8
Us Airways	4,67	-0,8	5,65	-1,6	82,6	0,7
JetBlue	2,02	7,2	2,50	7,1	80,8	0,1
Alaska	1,46	3,0	1,89	-1,6	77,0	3,4
AirTran	1,51	5,2	1,90	7,0	79,2	-1,3

La compagnie aérienne américaine US Airways va reporter à 2013 la livraison de 54 Airbus, prévue au départ entre 2010 et 2012, afin d'améliorer sa trésorerie de 450 millions de dollars d'ici un an, a-t-elle annoncé mardi dans un communiqué.
En outre, US Airways a rappelé qu'il avait reporté à 2017 la livraison de l'Airbus A350 XWB prévue en 2015.
Le groupe espère soulager sa trésorerie de 150 millions de dollars en 2009 pour un objectif de 450 millions au total d'ici la fin 2010.
"Ces décisions font partie de nos efforts visant à renforcer notre bilan et à revenir à la rentabilité", a commenté le PDG Doug Parker.
"Bien que nous ralentissons nos livraisons durant les trois prochaines années, nous continuerons à moderniser notre flotte, qui est déjà l'une des plus jeunes des Etats-Unis", a commenté le directeur financier Derek Kerr.
Le groupe se fera livrer normalement quatre Airbus en 2010 et 24 en 2011 dans la mesure où il dispose des financements nécessaires, ce qui, selon M. Kerr, est une bonne proportion, "compte tenu de l'environnement économique actuel".
Pour les livraisons de 2010, la compagnie a obtenu des crédits s'élevant au total à 275 millions de dollars.
Le groupe a enregistré lors du trimestre achevé le 30 septembre une perte nette de 80 millions de dollars, divisée par dix en un an, ce qui l'a déjà conduit à la suppression d'un millier de postes, soit environ 3% de ses effectifs.

US Airways is the latest US carrier to secure financing to weather economic uncertainty while also deferring 54 [Vous devez être inscrit et connecté pour voir ce lien] narrowbody and widebody deliveries scheduled from 2010 to 2012.
Those aircraft are now scheduled for delivery from 2013 and beyond. Additionally, the carrier has pushed back the launch of [Vous devez être inscrit et connecté pour voir ce lien] operations from 2015 to 2017.
US Airways estimates that by deferring the aircraft it will cut capital expenditures during the next three years by $2.5 billion, and also eliminates the need for the carrier to secure aircraft financing in 2010. The deferrals also reduce near- and medium-term obligations to support aircraft deliveries by roughly $132 million.
"With the economic recession, borrowing has become much less available and much more expensive," carrier management tells employees in an update outlining the latest deferrals.
In total the carrier next year plans to take delivery of two Airbus A320s and two A330s and 24 A320s in 2011 and 2012.
US Airways is cutting [Vous devez être inscrit et connecté pour voir ce lien] deliveries in 2010 from 18 to 2, from 30 to 12 in 2011 and from 24 to 12 in 2012. Its [Vous devez être inscrit et connecté pour voir ce lien] deliveries for 2010 will fall from an original count of 7 to two, while three deliveries in 2011 are being pushed back to 2013 and beyond.
The refined narrowbody schedule shows 16 narrowbody deliveries in 2013 versus no deliveries previously planned for that year. In 2014 the carrier's planned narrowbody deliveries will rise from zero to 18 followed by an increase from zero to 12 deliveries in 2015.
US Airways in deferring the widebodies will now take delivery of five aircraft in 2013, also up from zero planned deliveries and three aircraft in 2014 compared with the previous schedule that showed no planned deliveries.
US Airways has also secured $95 million in new loans and $180 million in aircraft financing commitments, and reached a deal with its affinity card provider Barclays to permanently lower its monthly unrestricted cash obligations for the purchase of frequent flyer miles. Prior to the amended agreement US Airways' deal with Barclays required cash balances of $1.5 billion.
The carrier and Barclays also agreed to defer by 14 months the repayment of $200 million in connection with the advanced purchase of miles.
US Airways estimates these transactions should improve its liquidity by $150 million by the end of 2009 and by $450 million in aggregate by year-end 2010.
Carrier CEO Doug Parker highlights this is third strategic move by US Airways in 100 days following its slot swap transaction with Delta Air Lines at New York's LaGuardia airport and Washington National, and a network realignment to focus on the carrier's Charlotte, Philadelphia and Phoenix hubs and its focus of Washington, DC.
"These moves are part of our continuing efforts to improve our balance sheet and return the company to profitability," says Parker.

US Airways will defer 54 Airbus aircraft deliveries scheduled between 2010 and 2012 until at least 2013 and push back its [Vous devez être inscrit et connecté pour voir ce lien] launch from 2015 to 2017 to boost liquidity, the company [Vous devez être inscrit et connecté pour voir ce lien] Tuesday.
The changes and deferrals of debt repayments will improve projected liquidity by about $150 million by the end of this year and about $450 million by the end of 2010, US Airways said. The order deferrals also could help Airbus land a big order from United Airlines.
"This is our third major strategic move in the past 100 days, following announcements of our innovative slot transaction with Delta Air Lines and the realignment of our network to focus on our most profitable flying," said US Airways Chairman and Chief Executive Doug Parker said in a statement. "These moves are part of our continuing efforts to improve our balance sheet and return the company to profitability. Our employees are continuing to run a great airline and doing a terrific job taking care of our customers and, with these strategic initiatives behind us, we believe US Airways is well positioned to take full advantage of the recovering economy."
US Airways Executive Vice President and Chief Financial Officer Derek Kerr said the order deferrals "also have eliminated the need to fund a fleet replacement program in capital markets that continue to be uncertain and expensive."
The carrier still will take delivery of two A320 and two A330 aircraft next year and 24 more A320 family aircraft in 2011 and 2012, Kerr noted. "We have financing commitments for all 28 aircraft and believe this is a more manageable delivery rate given the current economic environment."
The deferrals actually could help Airbus win a coveted order from United Airlines, analyst Scott Hamilton [Vous devez être inscrit et connecté pour voir ce lien] Tuesday. The Chicago Tribune [Vous devez être inscrit et connecté pour voir ce lien] last week that United was close to choosing between the A350 and Boeing [Vous devez être inscrit et connecté pour voir ce lien] for an upcoming wide-body order. (More on that [Vous devez être inscrit et connecté pour voir ce lien].)
"The A350 deferral by US Airways opens up early delivery positions in 2015 for United," Hamilton noted.
"The lack of early delivery slots has been on on-going problem for both Airbus and Boeing, with the large backlogs for the A350 and 787 programs," he added. "The now-open 2015 slots for the A350 could be a tipping point in the campaign unless Boeing can do better."

Executive management at Delta Air Lines expects to receive regulatory approval for its slot swap with US Airways in New York and Washington by the end of January.
In August of 2009 the two carriers announced a strategic swap that entailed US Airways agreeing to transfer 125 pairs of its Express slots at New York's LaGuardia airport to Delta, which would result in Delta transitioning the airport into a hub. In turn, Delta agreed to transfer 42 pairs of its slots at Washington National airport to US Airways.
A pair of slots equal one roundtrip flight.

At the time the deal was announced US Airways said the agreement would allow it to grow passenger enplanements at Washington National by 30%-35%, while Delta emphasised it would double the number of destinations it serves from LaGuardia by adding or sustaining flights to 30 small and medium-sized communities.

Today during an earnings call Delta executives explained the US Department of Justice is reviewing the transaction and that "it should come to a head this month". Management says it expects the country's Transportation Department to weigh in within the same time period.

Delta expects a resolution from both agencies by early February, says the carrier.
The airline is also targeting to complete the swaps in June, say executives. They explain if there are delays in gaining approval the date could be pushed back, but currently the carrier believes the June target still stands.

CHICAGO, 22 avril (Reuters) -

US Airways Group a annoncé jeudi avoir mis un terme aux discussions concernant un projet de fusion avec UAL Corp , maison-mère de United Airlines, tout en estimant que les opérations de consolidation avaient du sens dans le secteur de l'aérien.
"Après un examen attentif et une réflexion approfondie, notre conseil d'administration a décidé de mettre un terme à ces discussions", fait savoir US Airways dans un communiqué.

En publiant ce texte, la compagnie aérienne américaine reconnait pour la première fois l'existence de discussions avec UAL.
Ce dernier serait également en négociations avec Continental Airlines en vue d'une fusion.

"Nous restons d'avis que la consolidation a du sens dans un secteur aussi fragmenté que le nôtre", souligne le
transporteur.

A 15h42 GMT, le titre US Airways abandonnait 4,3% à 6,47 dollars à la Bourse de New York. UAL cédait dans le même temps 1,3% à 21,15 dollars.

(Kyle Peterson, Gwénaelle Barzic pour le service français, édité par Jean-Michel Bélot)

US Airways is holding discussions with [Vous devez être inscrit et connecté pour voir ce lien] to supply its input to the airframer for the potential re-engining of the [Vous devez être inscrit et connecté pour voir ce lien], says carrier President Scott Kirby.

Addressing the MRO Americas conference on 20 April, Kirby says although the carrier is having
technical discussions with Airbus about re-engining, the carrier is essentially "agnostic" about how the airframers reach greater narrowbody efficiency.

Kirby acknowledges the "two differing opinions" in the [Vous devez être inscrit et connecté pour voir ce lien] geared turbofan and CFM Leap X that could potentially power A320s and [Vous devez être inscrit et connecté pour voir ce lien] 737s.
He believes the geared turbofan remains somewhat of an unknown quantity, and poses the question, "Will it be so sophisticated that it is difficult to maintain?"

But he also believes the [Vous devez être inscrit et connecté pour voir ce lien] CSeries powered by the geared turbofan has supplied Boeing and Airbus incentive to move quickly to offer customers improved efficiency in narrowbody aircraft.
"I'm glad to see some competition in this space," says Kirby.

US Airways' mainline fleet will be reduced by 10 net aircraft to 339 by year end, representing the removal of 14 aircraft and the addition of four, according to Executive VP and CFO Derek Kerr.

Speaking at the carrier's media day in Phoenix, he said the airline will retire five of its 24 737-300s and five of 28 757-200s as well as four E-190s of 19, all of which are dedicated to the East Coast shuttles.

It added two A320s and two A330-200s in the first quarter, the only aircraft it will take in 2010.

It will add 12 A320s each in 2011 and 2012. Kerr told ATWOnline that US will be out of its 737 Classics within five
years while it will retain around 23 757s dedicated to its transatlantic and Hawaiian networks.

Last year it deferred delivery of 54 Airbus aircraft.

by Perry Flint

US Airways Group, Inc. (NYSE: LCC) today announced May and year-to-date

2010 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.2 billion, up 1.8 percent versus May 2009.
Mainline capacity was 6.3 billion available seat miles (ASMs), up 1.7 percent versus May 2009.

Passenger load factor was a record 82.9 percent for the month of May, up 0.1 points versus May 2009.

US Airways President Scott Kirby said, "Our May consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 18 percent versus the same period last year while total revenue per available seat mile increased approximately 19 percent on a year-over-year basis.

As we head into the busy summer travel period, we continue to be optimistic as the revenue environment remains robust with continued strength in close-in bookings and overall yields."

For the month, US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation (DOT) was 85.3 percent with a completion factor of 99.4 percent, up 6.1 points and 0.3 points respectively from May 2009.

US Airways Group, Inc. (NYSE: LCC) today announced July and year-to-date 2010 traffic results.

Mainline revenue passenger miles (RPMs) for the month were 5.7 billion, up 1.1 percent versus July 2009.

Mainline capacity was 6.7 billion available seat miles (ASMs), up 2.0 percent versus July 2009.

Mainline passenger load factor was 85.7 percent for the month of July, down 0.7 points versus July 2009.

US Airways President Scott Kirby said, "Our July consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 16 percent versus the same period last year while total revenue per available seat mile increased approximately 17 percent on a year-over-year basis.

This improvement was largely driven by continued year-over-year strength in business demand and yield."

For the month, US Airways' preliminary on-time performance as reported to the U.S. Department of Transportation (DOT) was 82.1 percent with a completion factor of 98.9 percent.

US Airways swings to $240 million third-quarter profit

US Airways posted third-quarter net income of $240 million, reversed from an $80 million net deficit in the year-ago period, saying the combination of "a modestly improving economy," capacity discipline and "moderate" fuel prices are creating an environment conducive to profitability.
Chairman and CEO Doug Parker noted the net profit was the highest ever in a third quarter for the company including past performances by both America West Airlines and the former US Airways. He said achieving "record results" despite the economy only "slowly and begrudgingly pulling out of a recession" is "concrete evidence that fundamental restructuring has taken place" in the US airline industry.
"We have to show our investors and ourselves that this is for real," he added, commenting that carriers can't "give into temptations" to raise capacity or spend too much capital. "Crises force discipline," he told analysts and reporters. "Unfortunately, when the crisis subsides, [in the past] we tended to give into temptation…[But] I think it's dramatically different this time through…We're coming out of the cycle a much more consolidated industry and I think CEOs have gotten the message [that cost and capacity management are critical]."
He continued, "There's never been a period when the industry is generating record results when other businesses are struggling [as is the case now]. The question is, 'Can it last?' Or will we fall back into the traps of the past."
He promised US will keep capacity growth tight. CFO Derek Kerr said US's 2011 mainline capacity will be up by "just under 2%" compared to 2010. "At this time, we expect [2011] domestic capacity to be flat" with 8% growth in international RPMs.
Third-quarter revenue lifted 16.9% to $3.18 billion while expenses increased 5.6% to $2.86 billion, producing operating income of $315 million, significantly widened from a $6 million operating profit in the 2009 September quarter. President Scott Kirby said the airline's rising revenue performance is "being driven largely by improved business demand," noting that "business-oriented markets significantly outperformed leisure markets." He said passenger traffic demand on flights to Florida and Hawaii is "essentially flat year-over-year."
US's third-quarter mainline traffic heightened 2.8% year-over-year to 16.16 billion RPMs on a 2.3% rise in capacity to 19.14 billion ASMs. Load factor was up 0.4 point to 84.4%. Yield increased 14.4% to 12.79 cents as PRASM rose 15% to 10.79 cents and CASM grew 3.1% to 11.34 cents. CASM ex-fuel was flat at 8.06 cents.

US Airways is holding discussions with [Vous devez être inscrit et connecté pour voir ce lien] to supply its input to the airframer for the potential re-engining of the [Vous devez être inscrit et connecté pour voir ce lien], says carrier President Scott Kirby.

Addressing the MRO Americas conference on 20 April, Kirby says although the carrier is having
technical discussions with Airbus about re-engining, the carrier is essentially "agnostic" about how the airframers reach greater narrowbody efficiency.

Kirby acknowledges the "two differing opinions" in the [Vous devez être inscrit et connecté pour voir ce lien] geared turbofan and CFM Leap X that could potentially power A320s and [Vous devez être inscrit et connecté pour voir ce lien] 737s.
He believes the geared turbofan remains somewhat of an unknown quantity, and poses the question, "Will it be so sophisticated that it is difficult to maintain?"

But he also believes the [Vous devez être inscrit et connecté pour voir ce lien] CSeries powered by the geared turbofan has supplied Boeing and Airbus incentive to move quickly to offer customers improved efficiency in narrowbody aircraft.
"I'm glad to see some competition in this space," says Kirby.

US Airways to upgrade entire V2500 fleet with SelectTwo

US Airways, the largest operator of the Airbus A320 family of aircraft has signed a memorandum of understanding to upgrade its fleet of V2500-powered Airbus A320 family aircraft with the recently unveiled V2500 SelectTwo fuel burn improvement package from International Aero Engines.

Goodbye Norma Jean
Though I never knew you at all
You had the grace to hold yourself
While those around you crawled
They crawled out of the woodwork
And they whispered into your brain
They set you on the treadmill
And they made you change your name


And it seems to me you lived your life
Like a candle in the wind
Never knowing who to cling to
When the rain set in
And I would have liked to have known you
But I was just a kid
Your candle burned out long before
Your legend never did

As part of this agreement, US Airways would purchase kits to upgrade 92 aircraft in its fleet and to convert 60 aircraft on order to the newest engine configuration prior to aircraft delivery.

“Since the start of our relationship more than two decades ago, US Airways and IAE have benefited through our collaborative cultures,” said Ian Aitken, president and chief executive officer of IAE. “To have US Airways retrofit its V2500 fleet with the SelectTwo demonstrates the value of the upgrade package and once again proves our philosophy of continuous improvement.”

IAE’s long relationship with US Airways began with America West Airlines, which placed three V2500 powered Airbus A320 aircraft into service in February 1991.
“US Airways has been proud to partner of International Aero Engines for more than 20
years and is pleased to be acquiring this environmentally friendly and fuel-efficient
enhancement to V2500 engines, which is installed on many of our narrow body Airbus fleet,” said US Airways’ Chief Operating Officer, Robert Isom. “IAE is an important business partner that is customer focused and has executed a strategy of consistently upgrading the capabilities of the V2500 engines to provide us with the most efficient powerplant possible.”

US Airways currently has a fleet of 106 aircraft powered by V2500 engines, including 39 A319s; 49 A320s, and 18 A321s. A US Airways engine holds a time on wing record for the V2500, completing 30,520 flying hours on its first run.

US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,300 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers 21,000 daily flights to 1,160 airports in 181 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year.

IAE is a multinational aero engine consortium whose shareholders include Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L.), Japanese Aero Engines Corporation and MTU Aero Engines. Presently, there are more than 5,500 V2500 engines in service or on firm order with nearly 200 customers around the world.

US Airways Group, Inc. (NYSE: LCC) today reported its second quarter 2011 financial results.

The Company reported a net profit excluding special items for the second quarter 2011 of $106 million, or $0.56 per diluted share.

This compares to the second quarter 2010 net profit excluding special items of $265 million, or $1.34 per diluted share.

On a GAAP basis, the Company reported a net profit for the second quarter 2011 of $92 million, or $0.49 per diluted share.

This compares to the second quarter 2010 net profit of $279 million, or $1.41 per diluted share.

See the accompanying notes in the Financial Tables section of this press release for a reconciliation of GAAP financial information to non-GAAP financial information.

US Airways Group, Inc. Chairman and CEO Doug Parker stated, "We are pleased to report a profit for the second quarter 2011 - particularly in spite of a 47 percent year-over-year increase in fuel price. Overall demand for our services remained strong during the quarter with revenues up more than ten percent, while our mainline unit cost excluding special items, fuel and profit sharing increased only one percent.

"Looking forward, our team is doing an excellent job of managing through a challenging environment and we believe their efforts combined with continued capacity discipline, revenue management and cost discipline have us well positioned for the future."

Revenue and Cost Comparisons


A strong demand environment led to improved revenue performance.

Total revenues in the second quarter were approximately $3.5 billion, up 10.5 percent versus the second quarter 2010 on a 3.3 percent increase in total available seat miles (ASMs).

Total revenue per available seat mile was 15.36 cents, up 6.9 percent versus the same period last year driven primarily by a 6.5 percent increase in passenger yields.

Total operating expenses in the second quarter were $3.3 billion, up 18.8 percent over the same period last year due primarily to a $424 million increase in consolidated fuel expense.

Mainline CASM was 13.15 cents, up 14.6 percent.

Excluding special items, fuel and profit sharing, mainline CASM was 8.16 cents, up only 1.0 percent versus the same period last year.

Express CASM excluding special items and fuel was 14.21 cents, up 5.4 percent on a 1.6 percent increase in ASMs, largely due to our PSA CRJ-200 fleet coming off their maintenance honeymoon.