Quick numbers

If you’re wondering how the US carriers did on unit revenue performance basis here’s quick rundown of the four majors and two large LCCs. I didn’t list Southwest, since there was a lot of AirTran noise in its quaterly results.

 For your reference or a quick refresher — Foundations of Airline Finance authored by Bijan Vasigh, Ken Fliming and Liam Mackay lists definitions of PRASM and RASM — yes, a bit dry I realize for a Friday afternoon!

PRASM — the average passenger revenue received per unit of output — calculated by taking total passenger revenues and dividing by ASMs.

RASM — Average total revenue per unit of output — calculated by taking total revenue and dividing by ASMs.

Here are some PRASM numbers from US carriers from Q3

American   8.1% 

Delta         11% 

JetBlue      7.7% 

United-Continental 10.1% 

US Airways          10.4%

American, United-Continental and US Airways are all mainline numbers  

 

 

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