US Airways Nov. passenger revenue falls 4 percent

By: From Wire Reports
By: From Wire Reports

TEMPE, Ariz. (AP) - US Airways says a key measure of revenue was lower than it had expected in November because of the late timing of Thanksgiving.

The airline said Wednesday that per-seat passenger revenue fell 4 percent in November compared to the same month last year. The late Thanksgiving meant that travelers took the return half of their holiday trip in December. As a result, US Airways said it expects December passenger revenue to be higher than it had expected.

US Airways said November traffic fell 0.8 percent. Flying capacity rose 5.3 percent. A year ago, Superstorm Sandy forced airlines to cancel thousands of flights, causing their totals to look higher this year.

The US Airways merger with Fort Worth-based American Airlines is expected to close on Monday.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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