US Airways 2011 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2011 US Airways annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 171

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171

Table of Contents
2010 Compared With 2009
Operating Revenues:
Percent
Increase
2010 2009 (Decrease)
(In millions)
Operating revenues:
Mainline passenger $ 7,645 $ 6,752 13.2
Express passenger 2,821 2,503 12.7
Cargo 149 100 48.8
Other 1,440 1,254 14.8
Total operating revenues $ 12,055 $ 10,609 13.6
Total operating revenues in 2010 were $12.06 billion as compared to $10.61 billion in 2009, an increase of $1.45 billion or 13.6%. Significant changes
in the components of operating revenues are as follows:
• Mainline passenger revenues were $7.65 billion in 2010, as compared to $6.75 billion in 2009. Mainline RPMs increased 1.9% as mainline
capacity, as measured by ASMs, increased 1.2%, resulting in a 0.5 point increase in load factor to 82.4%. Mainline passenger yield increased
11.1% to 12.96 cents in 2010 from 11.66 cents in 2009. Mainline PRASM increased 11.9% to 10.68 cents in 2010 from 9.55 cents in 2009. These
increases in mainline yield and PRASM were due principally to the strengthened pricing environment driven by the improved economy and
continued industry capacity discipline.
• Express passenger revenues were $2.82 billion in 2010, as compared to $2.50 billion in 2009. Express RPMs increased 0.4% as Express capacity,
as measured by ASMs, decreased 1.0%, resulting in a 1.0 point increase in load factor to 74.6%. Express passenger yield increased 12.2% to
26.57 cents in 2010 from 23.68 cents in 2009. Express PRASM increased 13.8% to 19.83 cents in 2010 from 17.42 cents in 2009. The increases
in Express yield and PRASM were the result of the same strengthened pricing environment discussed in mainline passenger revenues above.
• Cargo revenues were $149 million in 2010, an increase of $49 million, or 48.8%, from 2009. The increase in cargo revenues was driven primarily
by an increase in international freight volume as a result of the improved economic environment.
• Other revenues were $1.44 billion in 2010, an increase of $186 million, or 14.8%, from 2009. Ancillary revenues, principally checked bag fees,
comprised approximately half of the increase. The remaining increase is primarily related to higher revenues associated with US Airways'
frequent flyer program, including increased marketing revenues related to miles sold to business partners and increased revenues from partner
airline frequent flyer award redemptions on US Airways.
58