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 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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 05.27.16: More MH370 Debris, Airport 4 Sale, Hurricane Hunters

Also: PWC PW307D, Icon Scandal, Memorial Day, IASO, Nat'l Warplane Museum, Gogo Cloud, Orbital ATK, Honor Flight Austin The Australia's Minister for Infrastructure and Transport, D>[...]

Bill Gordon Lost In Hudson River P-47 Ditching

Despite What Appeared To Be A Decent Ditching Effort, An Outstanding Pilot Was Lost The airshow community has suffered its second tragedy in nearly as many weeks. Long-time warbird>[...]

TrainingPort.net Partners With AeroEx To Offer Online Training For NCC Operators

European Business Aircraft Operators Must Comply With New EASA Air Operations Covering Non-Commercial Flights By August 2016 TrainingPort.net has announced that it is partnering wi>[...]

Hawk Lead-In Fighter Fleet Reaches 100,000 Flying Hours

Aircraft Entered Service In 2001 The Australian Hawk 127 Lead-In fighter fleet has achieved 100,000 flying hours since entering service in 2001.>[...]

Frasca Flight Simulator To Be Used In Georgia Tech Research Study

Mentor AATD Will Be Configured To Simulate A Cessna 172 The Georgia Institute of Technology, (also known as Georgia Tech) Atlanta, has contracted with Frasca International, Inc. to>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC