US Airways 2007 Annual Report Download - page 42

Table of Contents
(b) Available seat mile ("ASM") — A basic measure of production. An ASM represents one seat flown one mile.
(c) Load factor — The percentage of available seats that are filled with revenue passengers.
(d) Yield — A measure of airline revenue derived by dividing passenger revenue by revenue passenger miles and expressed in cents
per mile.
(e) Passenger revenue per available seat mile ("PRASM") — Total passenger revenues divided by total available seat miles.
(f) Cost per available seat mile ("CASM") — Total mainline operating expenses divided by total available seat miles.
(g) Passenger enplanements — The number of passengers on board an aircraft including local, connecting and through passengers.
(h) Block hours — The hours measured from the moment an aircraft first moves under its own power, including taxi time, for the
purposes of flight until the aircraft is docked at the next point of landing and its power is shut down.
(i) Average stage length — The average of the distances flown on each segment of every route.
(j) Average passenger journey — The average one-way trip measured in statute miles for one passenger origination.
2007 Compared With 2006
Operating Revenues:
Percent
2007 2006 Change
(In millions)
Operating revenues:
Mainline passenger $ 8,135 $ 7,966 2.1
Express passenger 2,698 2,744 (1.7)
Cargo 138 153 (9.4)
Other 729 694 4.9
Total operating revenues $ 11,700 $ 11,557 1.2
Total operating revenues for 2007 were $11.7 billion as compared to $11.56 billion in 2006. Mainline passenger revenues were
$8.14 billion in 2007, as compared to $7.97 billion in 2006. RPMs increased 0.9% as mainline capacity, as measured by ASMs,
decreased 1.5%, resulting in a 2.0 point increase in load factor to 80.8%. Passenger yield increased 1.2% to 13.28 cents in 2007 from
13.13 cents in 2006. PRASM increased 3.7% to 10.73 cents in 2007 from 10.35 cents in 2006. The increases in yield and PRASM are due
principally to the strong revenue environment in 2007 resulting from reductions in industry capacity and continued capacity and pricing
discipline, industry wide fare increases during the 2007 period and higher passenger demand.
Express passenger revenues were $2.7 billion for 2007, a decrease of $46 million from the 2006 period. Express capacity, as
measured by ASMs, decreased 5.0% in the 2007 period, due primarily to planned reductions in Express flying during 2007. Express
RPMs decreased by 2.6% on lower capacity resulting in a 1.8 point increase in load factor to 73.0%. Passenger yield increased by 1% to
26.12 cents in 2007 from 25.86 cents in 2006.
Cargo revenues were $138 million in 2007, a decrease of $15 million from the 2006 period due to decreases in domestic mail and
freight volumes. Other revenues were $729 million in 2007, an increase of $35 million from the 2006 period. The increase in other
revenues was primarily driven by an increase in revenue associated with higher fuel sales to pro-rate carriers through MSC.
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