Air Transport World

CCAIR QUARTER EXCEEDS 1997

CCAir, the U S Airways Express carrier that recently completed its fleet-restructuring plan, earned $548825 on operating revenues of $14.5 million for the quarter ended March 31 The earnings exceed the $520,260 net income reported fur all of 1997.

As a result of the fleet restructuring, ASMs decreased 23% for the three months, compared with the year-earlier period. The dropping of unprofitable routes enabled CCAir to improve its passenger revenue per ASM 17.9% from to 26.4[cent]. Load factor for the quarter increased 20% to 54.1%. For calendar 1998, year-to-date load factor was 55.9%, compared with 46.2% for the same period last year.

For the June quarter, ASMs are expected to increase approximately 22% over the first quarter, according to VP-Finance Eric Montgomery. …

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