Amtran Reports Fourth Quarter and Full-Year Results.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Jan. 29, 2002 Amtran, Inc. (Nasdaq:AMTR AMTR Australian Music Teachers Register AMTR Annual Media and Technology Report AMTR Anterior Medial Temporal Resection AMTR Atlantic Missile Test Range ), parent company of American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Trans Air, Inc. (ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment ), today reported its results for the three and twelve months ended December December: see month. 31, 2001. Fourth Quarter Financial Results: Amtran's net loss to common shareholders was $81.3 million, or $7.05 per share (basic and diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ), in the fourth quarter of 2001. These results include the nonrecurring Non`re`cur´ring a. 1. Nonrecurrent; as, the costs of a layoff are considered as a nonrecurring expense s>. items described in detail later in this release. In comparison, the Company had a net loss to common shareholders of $22.6 million, or $1.96 per share (basic and diluted) in the fourth quarter of 2000. Excluding the nonrecurring items outlined below, the Company had a net loss to common shareholders of $24.9 million, or $2.16 per share (basic and diluted), in the fourth quarter of 2001. Total operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. for the fourth quarter of 2001 were $247.6 million, a 14.4% decrease compared with the same quarter in 2000. Scheduled service revenues decreased 9.5% to $164.6 million. Charter service revenues decreased 21.4% to $67.2 million. Total operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. increased 11.0% to $358.3 million. The Company reported an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $110.6 million, compared with an operating loss of $33.3 million in the fourth quarter of 2000. Included in the results of the fourth quarter of 2001 were non-cash aircraft impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. charges of $77.1 million, special charges of $12.2 million and a government grant of $3.7 million. President's Comments: "As expected, the fourth quarter was a difficult one with many challenges that tested both our airline and the industry," said John Tague Tague can refer to: Places
"Despite the extreme conditions of the last four months of a year which was already proving difficult for the economy and the industry, Amtran's 2001 consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: unit revenue remained constant at 7.88 cents per available seat mile. We have been able, due to our inherent low-cost structure, to continue to provide the value-priced fares that today's consumers demand. This does not happen without the constant vigilance VIGILANCE. Proper attention in proper time. 2. The law requires a man who has a claim to enforce it in proper time, while the adverse party has it in his power to defend himself; and if by his neglect to do so, he cannot afterwards establish such claim, the of our employees. My thanks go to all of ATA's employees who rose to the challenges of 2001. "Our plans for the future of this airline have not altered course as we continue the transition to a fleet of new fuel-efficient fu·el-ef·fi·cient adj. Operable using comparatively little fuel: fuel-efficient cars. fu aircraft. Our customers are enjoying the youngest scheduled service fleet amongst the U.S. major airlines and the many improvements at Chicago-Midway, where our scheduled service continues to grow. Our goal in 2002 is to manage this airline at industry-leading performance levels. And, as always, we will continue to place safety and security at priority-one." Nonrecurring Items: As a result of the events that transpired on September 11th and the subsequent passage of the Air Transportation Safety and System Stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders Act, there were a number of nonrecurring items that the Company has recorded for both the fourth quarter of 2001 and the full year. The following table outlines the impact of all of those nonrecurring items, on an after-tax basis After-tax basis The comparison basis used to analyze the net after-tax returns on a corporate taxable bond and a municipal tax-free bond. :
(in thousands)
----------------------------------------------------------------------
Three Months Ended Twelve Months Ended
December 31, 2001 December 31, 2001
----------------------------------------------------------------------
Net loss available
to common shareholders ($81,337) ($81,885)
----------------------------------------------------------------------
Impairment loss on
Lockheed L1011 fleet 44,747 44,591
Impairment loss on
Boeing 727 fleet 6,136 29,249
Special charges associated
with Sept. 11th 8,022 14,153
U.S. government grant (2,455) (43,604)
----------------------------------------------------------------------
Net loss available to
common shareholders excluding
nonrecurring items ($24,887) ($37,496)
----------------------------------------------------------------------
Through December 31, 2001, the Company has recorded $66.3 million from a U.S. government grant in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the Air Transportation Safety and System Stabilization Act. The Company is eligible to receive approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $74 million under the law, in compensation for "direct and incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. losses" arising from the terrorist attacks of September 11th and the subsequent decline in demand for air travel. The Department of Transportation may determine that certain losses recorded under Generally Accepted Accounting Principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting (GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). ) are not eligible for reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. . The Company, along with the Air Transport Association, has requested that the Department use GAAP as the standard for determining losses. If the Department adopts this position, the Company will record an additional government grant in 2002. Fourth Quarter Operating Results: System-wide revenue passenger miles Revenue passenger miles (RPMs) is a measure of a passenger traffic for an airline flight, bus, or train calculated by multiplying the total number of revenue-paying passengers aboard the vehicle by the distance traveled measured in miles. (RPMs) decreased 6.6% to 2.39 billion, and available seat miles Available seat miles (ASM) is a measure of an airline flight's passenger carrying capacity. It is equal to the number of seats available multiplied by the number of miles flown. This measures an airlines capacity for transporting passengers. (ASMs) decreased 5.5% to 3.60 billion. For Amtran, total revenue per available seat mile (RASM RASM Revenue per Available Seat Mile RASM Reliability, Availability, Scalability and Manageability (Red Hat, Inc.) RASM Rear Admiral Submarines (UK) RASM Recorded Announcement Systems Manager ) was 6.87 cents in the fourth quarter of 2001, down 9.5% compared with 2000. Cost per available seat mile (CASM CASM Cost per Available Seat Mile CASM Communities and Small-scale Mining CASM Canadian Academy of Sports Medicine CASM Certificate of Advanced Study in Mathematics (Univeristy of Cambridge, UK) CASM Coherent Adaptive Subcarrier Modulation ) was 9.94 cents, an increase of 17.5%. Excluding nonrecurring items, CASM would have been 7.57 cents, for a decrease of 10.5%, in the fourth quarter of 2001. For ATA's scheduled service, RPMs increased 2.2% to 1.90 billion, ASMs increased 2.5% to 2.69 billion, and passenger load factor decreased 0.3 points to 70.8%. Scheduled service yield declined 11.5% to 8.65 cents and RASM decreased 11.8% to 6.12 cents. For ATA's charter service, ASMs decreased 22.6% to 916.4 million; and block hours In aviation, block hours is the time between an aircraft leaving from the departure gate and ariving at the destination gate. flown decreased 28.4% to 7,512. Charter RASM increased 1.7% to 7.33 cents. ATA flew no subservice block hours in the fourth quarter of 2001, compared with 70 block hours in 2000. The Company's unit fuel costs declined 31.5% in the fourth quarter compared with the same period last year as fuel prices declined 27.9% and the new Boeing (language) BOEING - An early system on the IBM 1130. [Listed in CACM 2(5):16, May 1959]. 737-800s achieved an even better fuel efficiency than anticipated. Scheduled Service Results: The Company's scheduled service business has shown continued improvement since September. A comparison of the Company's operating and unit revenue performance in the last four months of 2001 compared with the last four months of 2000 is shown below:
2001 vs. 2000 Comparison
----------------------------------------------------------------------
Change in: September October November December
ASMs -2.2% -0.5% 2.4% 5.5%
----------------------------------------------------------------------
Revenue -25.3% -15.7% -11.4% -1.9%
----------------------------------------------------------------------
RASM -23.8% -15.3% -13.5% -7.0%
----------------------------------------------------------------------
Load Factor -8.9 points 0.2 points -1.2 points 0.2 points
----------------------------------------------------------------------
Summary of Recent Events: -- In November 2001, the Company was notified by the National Labor Relations Board that it had agreed to the Air Line Pilots Association's (ALPA) request for Federal mediation on a new labor contract. -- In December 2001, the Company entered into a charter contract to provide up to eight aircraft to Funjet, a subsidiary of the Mark Travel Corporation, until May 2002. The Company has also agreed to provide four aircraft to Funjet for the period of May 2002 to December 2003. -- The Company announced an agreement with Pleasant Holidays to fly its new Boeing 757-300 aircraft from Los Angeles and San Francisco to Honolulu and Maui beginning in May 2002. A total of six aircraft will be used and most of the seats will be pre-sold to Pleasant Holidays. -- In December 2001, the Company completed the reinforcement of the cockpit doors on all of its aircraft. -- On January 22, 2002 the Company announced it had recalled over half of the 1,100 employees who were furloughed following the terrorist attacks on September 11th. -- On January 24, 2002 the Company announced it had entered into an agreement with the Boeing Commercial Aircraft and Boeing Capital Corporation for the purchase and financing of two incremental Boeing 757-300 aircraft, for delivery in 2003. -- In the first quarter 2002, ATA will initiate scheduled service to Aruba, Cancun, Grand Cayman and Guadalajara utilizing its international facilities at Chicago-Midway for the first time. Year-to-Date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. Financial Results: The Company had a net loss to common shareholders of $81.9 million, or $7.14 per share (basic and diluted), compared with a net loss to common shareholders of $15.7 million, or $1.31 per share (basic and diluted) in the prior year. Excluding the aircraft impairment losses, special charges and government grant outlined above, the Company had a net loss to common shareholders of $37.5 million, or $3.27 per share (basic and diluted), in 2001. For the full year 2001, total operating revenues decreased 1.2% to $1.28 billion. Scheduled service revenues increased 8.9% to $820.7 million and charter service revenues decreased 17.3% to $359.8 million. Total operating expenses increased 6.1% to $1.37 billion. The Company had an operating loss for the year of $91.9 million, compared with an operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $2.6 million in 2000. Included in the results of 2001 were non-cash impairment charges of $112.3 million, special charges of $21.5 million and a government grant of $66.3 million. Year-to-Date Operating Results: System-wide revenue passenger miles (RPMs) decreased 1.2% to 11.68 billion, and available seat miles (ASMs) decreased 1.2% to 16.19 billion for 2001. For Amtran, total revenue per available seat mile (RASM) remained the same at 7.88 cents. Cost per available seat mile (CASM) was 8.45 cents, an increase of 7.5%. Excluding nonrecurring items, CASM would have been 8.03 cents, an increase of 2.2%, in 2001. For ATA's scheduled service, RPMs increased 12.1% to 8.69 billion, ASMs increased 13.1% to 11.44 billion, and passenger load factor decreased 0.7 points to 76.0%. Scheduled service yield declined 2.8% to 9.44 cents and RASM decreased 3.6% to 7.17 cents. For ATA's charter service, ASMs decreased 23.8% to 4.74 billion; and block hours flown decreased 24.4% to 40,655. Charter RASM increased 8.6% to 7.60 cents. ATA flew 57 subservice block hours in 2001, a decrease of 89.7%. First Quarter 2002 CASM: Looking forward to the first quarter, the Company expects to incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. increased security and insurance costs. However, due to decreasing fuel prices and the transition to the new, more efficient fleet, the Company expects its cost per available seat mile to decline compared with the first quarter of last year. Fleet Plan: The following table outlines ATA's current estimate of the deliveries and retirements of its aircraft through the end of 2002. The Company expects to retire retire v. 1) to stop working at one's occupation. 2) to pay off a promissory note, and thus "retire" the loan. 3) for a jury to go into the jury room to decide on a verdict after all evidence, argument and jury instructions have been completed. its Boeing 727s The Boeing 727 is a mid-size, narrow-body, three-engine commercial jet airliner. It first took to the skies in 1963 and for over a decade was the most produced commercial jet airliner in the world. 1,831 727s were delivered. by June June: see month. 30, 2002, with the exact schedule to be determined by the demand for these aircraft in its charter business.
Fleet Plan (Number of aircraft at date)
----------------------------------------------------------------------
Dec. 31, Mar. 31, Jun. 30, Sep. 30, Dec. 31,
2001 2002 2002 2002 2002
----------------------------------------------------------------------
Boeing 737-800s 14 18 24 25 30
----------------------------------------------------------------------
Boeing 757-300s 5 7 8 10 10
----------------------------------------------------------------------
Boeing 757-200s 15 16 16 15 15
----------------------------------------------------------------------
Lockheed L1011-500s 5 5 5 5 5
----------------------------------------------------------------------
Lockheed L1011-50/100s 10 9 7 7 7
----------------------------------------------------------------------
Boeing 727-200s 10 10 0 0 0
----------------------------------------------------------------------
Total 59 65 60 62 67
----------------------------------------------------------------------
Amtran will conduct a conference call to discuss its quarterly results today at 11:00 a.m. Eastern Time. A live broadcast of their conference call will be available via the Company's website at www.ata.com. Caution Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This communication contains certain "forward-looking statements". These statements are based on Amtran management's current expectations and are naturally subject to uncertainty and changes in circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Actual results may vary materially from the expectations contained herein. More detailed information about those factors is set forth in filings made by Amtran with the SEC. Except to the extent required under the federal securities laws, Amtran is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Amtran's common stock trades on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol AMTR. ATA, now in its 29th year of operation, is the nation's 10th largest passenger carrier based A transmission system that generates a fixed frequency (carrier) to contain the data being transmitted. See carrier. on revenue passenger miles and operates significant scheduled service from Chicago-Midway and Indianapolis Indianapolis (ĭn'dēənă`pəlĭs), city (1990 pop. 731,327), state capital and seat of Marion co., central Ind., on the White River; selected 1820 as the site of the state capital (which was moved there in 1825), inc. 1847. . As of December 31, 2001, the Company has a fleet of 14 Boeing 737-800's, 15 Boeing 757-200's, 5 Boeing 757-300's, 10 Boeing 727-200's, and 15 Lockheed “Lockheed” redirects here. For the character in Marvel Comics, see Lockheed (comics). For the current company, see . Lockheed Corporation (originally Loughead Aircraft Manufacturing Company) was an American aerospace company originally founded in 1912 L1011's. Chicago Express Chicago Express Airlines, Inc. (IATA: C8, ICAO: WDY, and Callsign: Windy City) was a regional airline formerly based at Chicago Midway International Airport located in Chicago, Illinois. It operated regional feeder services under the name ATA Connection. Airlines, Inc., the wholly owned commuter airline based at Chicago-Midway Airport, operates 11 Saab-340B's. The entire fleet is supported by the Company's own maintenance and engineering facilities in Indianapolis, Chicago-Midway and other stations worldwide. You can learn more about ATA by visiting its website at www.ata.com.
AMTRAN, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Dollars in thousands, except per share amounts
Three Months Ended
December 31,
2001 2000
(Unaudited) (Unaudited) Change
---------------------------------
Operating revenues:
Scheduled service $164,622 $181,959 -9.5%
Charter service
Commercial charter 22,122 48,609 -54.5%
Military charter 45,045 36,836 22.3%
---------------------------------
Total charter service 67,167 85,445 -21.4%
Other 15,846 21,948 -27.8%
---------------------------------
Total operating revenues 247,635 289,352 -14.4%
Operating expenses:
Salaries, wages and benefits 75,709 79,840 -5.2%
Fuel and oil 45,415 70,116 -35.2%
Depreciation and amortization 19,927 31,042 -35.8%
Aircraft rentals 30,709 20,070 53.0%
Handling, landing and
navigation fees 18,354 23,348 -21.4%
Aircraft maintenance,
materials and repairs 11,330 17,207 -34.2%
Crew and other employee travel 12,583 14,959 -15.9%
Passenger service 8,131 9,181 -11.4%
Ground package cost 5,495 10,649 -48.4%
Special charges 12,158 - nm
Impairment loss 77,119 - nm
U.S. government grant (3,721) - nm
Other 45,073 46,247 -2.5%
---------------------------------
Total operating expenses 358,282 322,659 11.0%
---------------------------------
Operating loss (110,647) (33,307) 232.2%
Other income (expense):
Interest income 1,084 2,235 -51.5%
Interest expense (8,737) (7,719) 13.2%
Other (1,209) 288 -519.8%
---------------------------------
Other income (expense) (8,862) (5,196) 70.6%
Loss before income taxes
and preferred dividends (119,509) (38,503) 210.4%
---------------------------------
Income tax credit (40,657) (16,282) 149.7%
---------------------------------
Net loss (78,852) (22,221) 254.9%
---------------------------------
Preferred dividends (2,485) (375) 562.7%
---------------------------------
Net loss available to
common shareholders ($81,337) ($22,596) 260.0%
Basic earnings per common share:
Average shares outstanding 11,538,183 11,512,436 0.2%
Net loss per share ($7.05) ($1.96) 259.7%
Diluted earnings per common share:
Average shares outstanding 11,538,183 11,512,436 0.2%
Net loss per share ($7.05) ($1.96) 259.7%
Twelve Months Ended
December 31,
2001 2000 Change
---------------------------------
Operating revenues:
Scheduled service $820,666 $753,301 8.9%
Charter service
Commercial charter 192,246 246,705 -22.1%
Military charter 167,524 188,557 -11.2%
---------------------------------
Total charter service 359,770 435,262 -17.3%
Other 95,048 102,990 -7.7%
---------------------------------
Total operating revenues 1,275,484 1,291,553 -1.2%
Operating expenses:
Salaries, wages and benefits 325,153 297,012 9.5%
Fuel and oil 251,333 274,820 -8.5%
Depreciation and amortization 121,327 125,041 -3.0%
Aircraft rentals 98,988 72,145 37.2%
Handling, landing and
navigation fees 88,653 97,414 -9.0%
Aircraft maintenance,
materials and repairs 61,394 70,432 -12.8%
Crew and other employee travel 59,278 65,758 -9.9%
Passenger service 43,856 45,571 -3.8%
Ground package cost 42,160 50,903 -17.2%
Special charges 21,525 - nm
Impairment loss 112,304 - nm
U.S. government grant (66,318) - nm
Other 207,701 189,887 9.4%
---------------------------------
Total operating expenses 1,367,354 1,288,983 6.1%
---------------------------------
Operating income (loss) (91,870) 2,570 -3674.7%
Other income (expense):
Interest income 5,331 8,389 -36.5%
Interest expense (30,082) (31,452) -4.4%
Other 554 562 -1.4%
---------------------------------
Other income (expense) (24,197) (22,501) 7.5%
Loss before income taxes
and preferred dividends (116,067) (19,931) 482.3%
---------------------------------
Income tax credit (39,750) (4,607) 762.8%
---------------------------------
Net loss (76,317) (15,324) 398.0%
---------------------------------
Preferred dividends (5,568) (375) 1384.8%
---------------------------------
Net loss available to
common shareholders ($81,885) ($15,699) 421.6%
Basic earnings per common share:
Average shares outstanding 11,464,125 11,956,532 -4.1%
Net loss per share ($7.14) ($1.31) 445.0%
Diluted earnings per common share:
Average shares outstanding 11,464,125 11,956,532 -4.1%
Net loss per share ($7.14) ($1.31) 445.0%
AMTRAN, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
December 31, December 31,
2001 2000
------------ ------------
Cash and cash equivalents $ 184,439 $ 129,137
Total current assets 345,204 260,208
Property and equipment, net 485,653 662,046
Other assets 172,105 110,176
Total assets 1,002,962 1,032,430
Short-term debt 5,820 6,865
Total current liabilities 310,828 271,076
Long-term debt 491,772 451,084
Other liabilities 76,230 105,616
Redeemable preferred stock 80,000 80,000
Shareholders' equity 44,132 124,654
Total liabilities and
shareholders' equity $ 1,002,962 $ 1,032,430
AMTRAN, INC. AND SUBSIDIARIES
OPERATING STATISTICS
Three Months Ended
December 31,
2001 2000 Change
------------------------------
Consolidated:
Revenue passenger miles (000s) 2,385,956 2,554,451 -6.6%
Available seat miles (000s) 3,604,262 3,814,478 -5.5%
Revenue passengers carried 1,826,306 1,883,723 -3.0%
Average passenger trip length (miles) 1,306 1,356 -3.7%
Block hours flown 45,300 46,838 -3.3%
Operating revenue per ASM (cents) 6.87 7.59 -9.5%
Operating cost per ASM (cents) 9.94 8.46 17.5%
Gallons of fuel consumed (thousands) 50,726 62,875 -19.3%
Commercial Charter Service:
Available seat miles (000s) 349,541 711,181 -50.9%
Block hours flown 3,108 6,981 -55.5%
Operating revenue per ASM (cents) 6.33 6.84 -7.5%
Military Charter Service
Available seat miles (000s) 566,851 473,375 19.7%
Block hours flown 4,404 3,508 25.5%
Operating revenue per ASM (cents) 7.95 7.78 2.2%
Scheduled Service:
Revenue passenger miles (000s) 1,903,920 1,862,694 2.2%
Available seat miles (000s) 2,687,870 2,621,157 2.5%
Passenger load factor 70.8% 71.1% -0.3 pts
Revenue passengers carried 1,666,216 1,580,440 5.4%
Average passenger trip length (miles) 1,143 1,179 -3.1%
Block hours flown 37,788 36,279 4.2%
Operating revenue per RPM (cents) 8.65 9.77 -11.5%
Operating revenue per ASM (cents) 6.12 6.94 -11.8%
Sub-service:
Block hours flown 0 70 nm
Twelve Months Ended
December 31,
2001 2000 Change
------------------------------
Consolidated:
Revenue passenger miles (000s) 11,675,742 11,816,804 -1.2%
Available seat miles (000s) 16,187,687 16,390,101 -1.2%
Revenue passengers carried 8,635,225 8,006,139 7.9%
Average passenger trip length (miles) 1,352 1,476 -8.4%
Block hours flown 197,043 191,532 2.9%
Operating revenue per ASM (cents) 7.88 7.88 0.0%
Operating cost per ASM (cents) 8.45 7.86 7.5%
Gallons of fuel consumed (thousands) 257,867 273,693 -5.8%
Commercial Charter Service:
Available seat miles (000s) 2,588,780 3,610,413 -28.3%
Block hours flown 24,495 34,356 -28.7%
Operating revenue per ASM (cents) 7.43 6.83 8.8%
Military Charter Service
Available seat miles (000s) 2,147,248 2,605,791 -17.6%
Block hours flown 16,160 19,443 -16.9%
Operating revenue per ASM (cents) 7.80 7.24 7.7%
Scheduled Service:
Revenue passenger miles (000s) 8,694,323 7,757,308 12.1%
Available seat miles (000s) 11,443,304 10,119,974 13.1%
Passenger load factor 76.0% 76.7% -0.7 pts
Revenue passengers carried 7,279,489 6,193,660 17.5%
Average passenger trip length (miles) 1,194 1,252 -4.6%
Block hours flown 156,331 137,181 14.0%
Operating revenue per RPM (cents) 9.44 9.71 -2.8%
Operating revenue per ASM (cents) 7.17 7.44 -3.6%
Sub-service:
Block hours flown 57 552 -89.7%
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion