Sandy erases November revenue gain for US Airways
TEMPE, Ariz. (AP) — Superstorm Sandy wiped out November revenue gains for US Airways.
The storm caused airlines to cancel more than 20,000 flights, and many northeast airports were shut down, including US Airways' hub at Philadelphia. Sandy hit the New York area on Oct. 29, and airline disruptions lasted into early November.
US Airways said per-seat passenger revenue for the month was flat, but it would have risen 2 percent if not for Sandy. The Tempe, Ariz., airline has previously said that Sandy cut November profits by $20 million.
US Airways' November traffic rose 4.4 percent to 5.06 billion revenue passenger mile, or one paying passenger flown one mile. Its flying capacity rose 2.8 percent to 5.97 billion available seat miles.
Because it added more passengers than seats, planes were fuller. Load factor rose 1.4 percentage points to 84.8 percent.
Through the first 11 months of the year, US Airways traffic is up 3 percent to 59.7 billion revenue passenger miles. Available seats are up 2.5 percent to 71.25 billion available seat miles. Load factor has risen 0.4 percentage points to 83.8 percent.
Shares fell 40 cents, or 3.2 percent, to $11.98 in afternoon trading.