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/NBAA2014 10.22.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.22.14 **
** Airborne/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **

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

Airborne at NBAA-10.22.14: Legacy 500, Universal InSight, BendixKing AeroWave

Also: GE Honda, Sagem's Active SideStick, Syberjet Update, Techno Aerospace Knows How to Party The FAA handed over certification papers for Embraer's Legacy 500 executive jet durin>[...]

ANN's Daily Aero-Linx (10.24.14)

Homebuilt Homepage: Clubs And Newsletters This page lists Homebuilt related Clubs and Newsletters.>[...]

ANN's Daily Aero-Term (10.24.14): Phase Separation – Aviation Fuel

Phase separation is when a combined liquid separates into two different liquids and may occur when autogas is used for aviation fuel.>[...]

Aero-News: Quote Of The Day (10.24.14)

“I’m excited and humbled by the trust that the ALPA Board of Directors has placed in me with this election.” Source: ALPA President-Elect Tim Canoll.>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC