US Airways' Kirby Says Market May Be Stabilizing | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

 

Wed, Mar 18, 2009

US Airways' Kirby Says Market May Be Stabilizing

"Moderately Encouraged" By Future Bookings

There was more measured optimism expressed Monday on a JP Morgan Chase & Co. analyst conference call, by US Airways President Scott Kirby. He said while the airline cut international capacity 2 percent for the coming summer travel season in the face of a rapid decline in demand for first- and business-class seats, the market is stabilizing.

Kirby added while international flights were thinned, no cities had service cut completely. "We didn't pull out of any markets," Kirby said, before thoughfully adding, "We are evaluating the September-and-beyond period."

The Philadelphia Inquirer reports Kirby told analysts that in February, revenue for booked flights began to "stabilize" at levels below 2008's fourth quarter, and have been up slightly in March.

"We are moderately encouraged for April and beyond," Kirby said.

US Airways has announced further capacity cuts of 4-to-6 percent of its domestic capacity in 2009. Kirby moved to clarify earlier statements by CEO Doug Parker that the airline could cut only so much capacity without violating its contract with pilots.

"That really is not the constraining factor," he said. "We do have some fleet flexibility as we move forward."

He also confirmed that a fare war has broken out among US domestic airlines for summer travel, as capacity cuts have not kept pace with falling demand for seats. That's good news for passengers... but less so for airlines hoping to eke out profits amidst a global economic downturn.

FMI: www.usairways.com

Advertisement

More News

ANN Special Report: Colorado NIMBYs Defeated... For Now

Vicious Campaign Against Skydiving Operation By Small, But Vocal, Group Loses Court Case News/Analysis by ANN CEO/Editor-In-Chief, Jim Campbell Those of us who work and play in the>[...]

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Deadline For $30 Million Google Lunar XPRIZE Extended To End Of 2017

Progress Continues To Be Made To Return Humanity To The Moon XPRIZE and Google have officially confirmed a further extension of the $30 million Google Lunar XPRIZE. XPRIZE notes th>[...]

Aero-News: Quote Of The Day (05.25.15)

“It is the Sikorsky Innovations charter to identify the toughest challenges in vertical flight, and to demonstrate solutions to them. Getting an all-new aircraft into flight,>[...]

S-97 Raider Starts Flight Test Program

CoAxial Helo Heralds Development Of Exciting New Rotorcraft We knew it was close... and now it's real. Sikorsky has confirmed the successful first flight of the S-97 RAIDER helicop>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC