MESA AIRLINES REPORTS AUGUST TRAFFIC
MESA AIRLINES REPORTS AUGUST TRAFFIC FARMINGTON, N.M., Sept. 14 /PRNewswire/ -- Mesa Airlines Inc.
(NASDAQ: MESA) today released its traffic figures for August 1992. Including recently acquired WestAir, passengers carried totaled 399,184, an increase of 240 percent over the like period last year. Revenue passenger miles were up 218 percent to 81,195,000 and available seat miles increased 166 percent to 142,892,000. Load factor increased 9.2 percentage points to 56.8 percent versus 47.6 percent in 1991.
"The large increase in load factor is due in great part to new programs instituted by our management team," said Larry Risley, president and chief executive officer of Mesa Airlines. "We have aggressively restructured the WestAir system in an effort to make each route profitable and to increase load factors. In our other systems we have instituted new inventory controls designed to boost load factors. Finally, the increased loads are due in part to the fare wars among the major airlines earlier this summer." Mesa Airlines operates as an independent carrier out of its Albuquerque and Phoenix hubs and as a United Express carrier out of its Denver hub. Skyway Airlines, a division of Mesa Airlines, operates as a code-share with Midwest Express Airlines out of its Milwaukee hub. Air Midwest is a wholly owned subsidiary operating as a code-share with USAir out of its Kansas City, Mo. hub. The division FloridaGulf also operates as USAir Express out of a Tampa, Fla. hub. WestAir, a wholly owned subsidiary operating as United Express, has hubs in Los Angeles, San Francisco, Portland and Seattle. MESA AIRLINES INC. Percent Percent 8/92 8/91 Change YTD 92 YTD 91 Change Passengers Carried: 399,184 117,566 239.5 1,785,788 538,534 231.6 Revenue Passenger Miles (000): 81,195 25,567 217.6 366,925 115,139 218.7 Available Seat Miles (000): 142,892 53,672 166.2 740,934 265,085 179.5 Load Factor: 56.8pct. 47.6pct. 9.2 pts. 49.5pct. 43.4pct. 6.1 pts. -0- 9/14/92 /CONTACT: Gary Risley of Mesa Airlines, 505-327-0271/ (MESA) CO: Mesa Airlines Inc. ST: New Mexico IN: AIR SU:
MC -- DV005 -- 9168 09/14/92 12:43 EDT
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|Date:||Sep 14, 1992|
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