US Airways Group, Inc. (NYSE: LCC) said late Thursday that its consolidated passenger traffic for the month of August rose 0.8% to 5.74 billion revenue passenger miles or RPMs from 5.69 billion RPMs in August 2009. Consolidated capacity increased 1.2% to 6.77 billion available seat miles last month. Load factor, or the percentage of available seats filled with passengers, slipped 0.3 percentage point to 84.7%.
Walter Energy (NYSE: WLT) announced late Thursday that that it is modifying its full-year 2010 coking coal sales expectations. The Company now expects to sell between 7.2 and 7.5 million tons for the full-year 2010, compared to a previously expected range of between 7.7 and 7.9 million tons, primarily driven by lower expected coking coal production volumes. "Since moving to a new longwall panel at Mine No. 4 early in the quarter, we have experienced, and continue to see difficult mining conditions in the panel, significantly slowing down longwall production," said Joe Leonard, interim chief executive officer of Walter Energy. "These conditions have contributed to a production shortfall of approximately 200,000 tons through August. However, based on section development work further in the panel, we expect production to improve, but not enough for us to maintain previously expected production volumes." Shares of the company slumped more than 3% in after-hours trading.
Disclosure: Author doesn't own any of the stocks discussed here.
