US Airways has cut net aircraft capital expenditure by $20 million in 2012 following the close of a more than $546 million debt deal in December.
The Tempe, Arizona-based carrier anticipates that aircraft capex will be $150 million for the year and $25 million in the fourth quarter, according to an investor update today. It previously reported that full year capex would be $170 million and fourth quarter capex $65 million.
US Airways says that the decline was due to the $546.2 million 2012-2 enhanced equipment trust certificates (EETC) issue that it closed in December. The two-tranche deal financed seven Airbus A321s and four Airbus A330s that will be delivered between May and October.
Capacity, unit cost excluding fuel and special items growth, and fuel cost guidance remained unchanged from the airline's October investor update.