Today, US Airways announced that its total revenue passenger miles stood at 4.8 billion in November, a decrease of 0.1% relative to November of last year. Its available seat miles increased by 6.1%, from 5.7 billion to 6.0 billion miles. This resulted in a dramatic decrease in its load factor, which fell by five percentage points, from 85.1% to 80.1%.
"Our November consolidated passenger revenue per available seat mile (PRASM) decreased approximately four percent versus the same period last year," said US Airways' President, Scott Kirby. He continued, "Our November PRASM results fell below our expectations due to the timing of the Thanksgiving holiday."
The breakout of passenger and seat miles, as well as load factor by region, is available in the chart below:
Source: US Airways
While the Revenue Passenger Miles and Load Factor were each down in November, year to date, the company has seen its revenue passenger miles increase by 4.8% versus last year, and its load factor is up to 84.7% from 84.2%.
While November's results were slightly disappointing, Kirby continued noting: "We currently expect that our December PRASM will exceed the high end of our guidance. As a result, our combined November/December PRASM will fall within the range of our prior guidance."
The article US Airways Traffic Falls in November originally appeared on Fool.com.Fool contributor Patrick Morris has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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