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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 02.12.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Airborne-YouTube

Airborne 02.12.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

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

AMA Drone Report 02.15.18: AMA Expo East, Skydio R1, TSB Canada Report

Also: DJI Knowledge Quiz, GoFly Competition, Drone ID Rules Coming, FAA Unenthusiastic About Prosecuting? The Academy of Model Aeronautics will host the annual AMA Expo East at the>[...]

Airborne-Unmanned 02.13.18: FAA UAS Symposium, Airbus Delivers, Manned EHANG 184

Also: UAS Pilot Code, FAA Drone Program, SkyWatch Funding, Quantix Hybrid UAS For Farmers The FAA and AUVSI will co-host the 3rd Annual FAA Unmanned Aircraft Systems (UAS) Symposiu>[...]

Airborne 02.16.18: R66 Wire-Strike Protection, Elk v Helo, Trump Budget

Also: Red Bull Picks Hartzell, SNC Dream Chaser, CH-53K Demo's Vehicle Lift, Emirates Firms Up A380 Orders Robinson has added wire strike protection provisions to its R66 options l>[...]

Aero-News: Quote of the Day (02.18.18)

"As drones become more portable, intelligent and accessible, we expect to see more enthusiasts using this technology at home, on their travels and as a complementary tool for their>[...]

ANN's Daily Aero-Linx (02.18.18)

Aero Linx: The Canadian Business Aviation Association (CBAA) The Canadian Business Aviation Association (CBAA) is a non-profit association formed in 1961 as Canada’s voice fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC