Porter reveals load factor gains

Washington DC
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Porter Airlines has started the second half of 2010 with double-digit gains in load factor.

The Toronto-based carrier says today that it "will be releasing monthly traffic statistics in order to share information about its growth and progress."

"Beginning a standard disclosure process summarizing our monthly traffic will help inform the market about Porter's competitive positioning," says Porter CEO Robert Deluce.

In August, the carrier saw traffic increase 105% year-over-year, while capacity increased 69%. Load factor for the month was 63.9%, 11.4 points higher than August 2009.

Load factor in July was 62%, 13 points higher than the same month a year ago. Traffic increased 105% and capacity was 62% higher.

"The improvements shown in 2010, particularly in the second half of the year, largely reflect a fully deployed 20-aircraft fleet as of this spring. Capacity is being absorbed rapidly as new routes and additional flight frequencies mature in the market," says Deluce.

"Porter's industry-leading break-even load factor of 49% in 2009 puts us in a very good position for the rest of this year given the type of numbers we are posting," he adds.

In the second quarter, Porter's load factor was 49.6%, 2.9 points higher than the same period a year ago, as traffic and capacity rose 122% and 109%, respectively

Meanwhile, for the first half of 2010, load factor was 48.5%, 4.2 higher than the first half of 2009. Traffic increased 133%, and capacity was increased 113%.