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Airline Traffic Rises in February (LCC, DAL, UAL)

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By Paul Ausick Published

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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About the Author Paul Ausick →

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.

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