US Airways Group (NYSE:LCC), the fifth largest US carrier by traffic, has seen a fall in its September traffic, mostly due to capacity cuts.
Though the carrier cut capacity by 2.08% to 6.07 billion available seat miles, consolidated traffic fell 1% in September, even though load factor rose to 83.3% from 81.8%. The company’s policy on capacity cuts is in line with other US airlines that have similarly reduced capacity in recent months due to the economic slump and high fuel costs.
US Airways Group (NYSE:LCC) rallied to $5.17 today, down 3.4%. Shares are down 45.83% in one year. The stock’s trading range for the year is between $4.53 and $12.26.