US Airways 2008 Annual Report Download - page 54

Table of Contents
2008 Compared With 2007
Operating Revenues:
Percent
2008 2007 Change
(In millions)
Operating revenues:
Mainline passenger $ 8,183 $ 8,135 0.6
Express passenger 2,879 2,698 6.7
Cargo 144 138 3.7
Other 1,038 842 23.3
Total operating revenues $ 12,244 $ 11,813 3.6
Total operating revenues in 2008 were $12.24 billion as compared to $11.81 billion in 2007. Mainline passenger revenues were
$8.18 billion in 2008, as compared to $8.14 billion in 2007. RPMs decreased 1.1% as mainline capacity, as measured by ASMs,
decreased 2.2%, resulting in a 0.9 point increase in load factor to 81.7%. Passenger yield increased 1.7% to 13.51 cents in 2008 from
13.28 cents in 2007. PRASM increased 2.9% to 11.04 cents in 2008 from 10.73 cents in 2007. Yield and PRASM increased in 2008 due
principally to strong passenger demand, continued capacity and pricing discipline and fare increases in substantially all markets during
2008.
Express passenger revenues were $2.88 billion in 2008, an increase of $181 million from the 2007 period. Express capacity, as
measured by ASMs, increased 5.6% in 2008 due principally to the year-over-year increase in capacity purchased from an affiliate
Express carrier. Express RPMs increased by 5.1% on this higher capacity resulting in a 0.4 point decrease in load factor to 72.6%.
Passenger yield increased by 1.6% to 26.52 cents in 2008 from 26.12 cents in 2007. PRASM increased 1% to 19.26 cents in 2008 from
19.06 cents in 2007. The increase in Express yield and PRASM are the result of the same favorable industry pricing environment
discussed in the mainline operations above.
Other revenues were $1.04 billion in 2008, an increase of $196 million from 2007 due primarily to US Airways' new revenue
initiatives, principally its first and second checked bag fees, which were implemented in the third quarter of 2008.
52