US Airways records slower unit revenue growth in April

Washington DC
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US Airways posted a 6% rise in its unit revenues year-over-year for April, a slowing from 9% recorded in March and the 10% growth the carrier posted in February.

The carrier was expecting slower lower revenue growth last month, recently issuing predictions of a weaker performance in April. During a recent earnings call US Airways president Scott Kirby stated April's unit revenues growth would be slower year-over-year than March.

However, Kirby believes May and June unit revenue growth will return to double digits. "We continue to see a strong pricing environment, improving corporate demand, with strong underlying demand trends," as evidenced by recent successful fare increases, says Kirby.

US Airways' consolidated April traffic grew 4.5% year-over-year on a 4.4% capacity increase. The carrier's load factor was flat at 82.2%. Year-to-date in 2011 US Airways has grown traffic 4.4% on a 3.4% capacity increase.

Rising fuel costs have triggered a capacity revision at US Airways, who now expects overall consolidated capacity in 2011 to grow by 1%.