Airline Traffic Rises in February (LCC, DAL, UAL)
US airlines are reporting their February traffic counts this morning, and the two we have so far have both shown increases. US Airways Group Inc. (NYSE: LCC) and Delta Air Lines Inc. (NYSE: DAL) report year-over-year traffic increases of 7.9%…
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US airlines are reporting their February traffic counts this morning, and the two we have so far have both shown increases. US Airways Group Inc. (NYSE: LCC) and Delta Air Lines Inc. (NYSE: DAL) report year-over-year traffic increases of 7.9% and 2.6%, respectively.
United Continental Holdings Inc. (NYSE: UAL) has not reported traffic figures yet, but yesterday was not a good day for the world’s largest carrier. The company was converting its two reservation systems into a single system, and a number of problems occurred at airports around the country, mostly involving the company’s check-in kiosks. United reported on-time performance of 83.1% by mid-afternoon, following a drop to 75.5% earlier in the day.
At US Airways, the company reported that revenue per seat mile increased by 7% year-over-year. At Delta revenue per seat mile rose 13%. Delta also reported that it paid an average of $3.12/gallon for fuel in February, not including hedging adjustments.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
