Printer Friendly


 STERLING, Va., Oct. 8 /PRNewswire/ -- Atlantic Coast Airlines, Inc. (NASDAQ-NMS: ACAI), which operates as United Express, reported that its passenger traffic increased 77.1 percent in September, as compared to September 1992, according to preliminary results released today. The carrier's traffic, as measured in revenue passenger miles (RPMs), rose from 20,078,000 in September of last year to 35,557,000 this past month. The airline's capacity, available seat miles (ASMs), increased 99.9 percent, from 40,070,000 to 80,094,000. Load factor, the percentage of available seats filled, declined 5.7 percentage points, from 50.1 percent to 44.4 percent. Atlantic Coast Airlines carried 134,619 passengers in September 1993, 87.1 percent more than the 71,957 carried during the same month last year.
 For the first nine months of 1993, Atlantic Coast Airlines' RPMs have increased 74.6 percent, from 157,251,000 to 274,634,000, while ASMs have risen 73.3 percent, from 344,953,000 to 597,885,000. The carrier's load factor for the first nine months has increased 0.3 percentage points, reaching 45.9 percent vs. 45.6 percent last year. Atlantic Coast Airlines has carried 1,028,454 passengers thus far in 1993 as compared to 561,732 in 1992, an 83.1 percent increase.
 Commenting on the preliminary results, Kerry Skeen, president of Atlantic Coast Airlines, said: "Atlantic Coast Airlines continued to post encouraging passenger traffic gains versus last year. However, we have experienced some deterioraton in yields, largely due to a higher than anticipated rate of frequent flyer redemption." Skeen continued, adding, "Atlantic Coast Airlines will post an operating profit for the third quarter, but we expect to fall short of industry analysts' expectations."
 Atlantic Coast Airlines, based in Sterling, has operated as United Express since December 1989, when service began with six aircraft and six cities from Washington Dulles. Today, Atlantic Coast Airlines serves 56 cities in 19 states and the District of Columbia. The airline operates with a hub at Washington Dulles International Airport, where it offers 170 daily departures, the most of any airline. Atlantic Coast Airlines also maintains a significant presence in Newark and Orlando. Its fleet comprises 61 aircraft; 30 British Aerospace Jetstream Super 31s; 13 Embraer Brasilia 120s; five deHavilland Dash-8 100 series; seven deHavilland Dash-8 300 series; and six British Aerospace Jetstream 41s, with 11 more scheduled for delivery over the next 17 months. Throughout its system, the United Express carrier operates 429 daily departures, for which passengers receive valuable mileage credit in United Airlines' popular Mileage Plus frequent flyer program.
 Atlantic Coast Airlines -- Operating Results
 September 1993 vs. September 1992
 September 1993 September 1992 Pct. Change
 Revenue Passenger Miles (000) 35,557 20,078 77.1 pct.
 Available Seat Miles (000) 80,094 40,070 99.9 pct.
 Load Factor 44.4 pct. 50.1 pct. (5.7) points
 Passengers 134,619 71,957 87.1 pct.
 Atlantic Coast Airlines -- Operating Results
 Nine Months 1993 vs. 1992
 9 Months 9 Months
 1993 1992 Pct. Change
 Revenue Passenger Miles (000) 274,634 157,251 74.6 pct.
 Available Seat Miles (000) 597,885 344,953 73.3 pct.
 Load Factor 45.9 pct. 45.6 pct. 0.3 points
 Passengers 1,028,454 561,732 83.1 pct.
 -0- 10/8/93
 /CONTACT: Barron Beneski, public relations, of Atlantic Coast Airlines, 703-406-6500/

CO: Atlantic Coast Airlines ST: Virginia IN: AIR SU:

DT-KD -- DC039 -- 0365 10/08/93 17:55 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 8, 1993

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters