America West FlightFund (Discontinued Program) - HP reports March '05 stat.'s and report record RPM

http://www.mysan.de/article70243.html

PHOENIX, April 4 /PRNewswire-FirstCall/ -- America West Airlines today reported traffic statistics for the month of March and year-to-date 2005. Revenue passenger miles (RPMs) for March 2005 were a record 2.1 billion, an increase of 9.4 percent from March 2004. Capacity for March 2005 was a record 2.6 billion available seat miles (ASMs), up 1.4 percent from March 2004. The passenger load factor for the month of March was a record at 82.6 percent versus 76.6 percent in March 2004.

http://www.mysan.de/article70243.html

PHOENIX, April 4 /PRNewswire-FirstCall/ -- America West Airlines today reported traffic statistics for the month of March and year-to-date 2005. Revenue passenger miles (RPMs) for March 2005 were a record 2.1 billion, an increase of 9.4 percent from March 2004. Capacity for March 2005 was a record 2.6 billion available seat miles (ASMs), up 1.4 percent from March 2004. The passenger load factor for the month of March was a record at 82.6 percent versus 76.6 percent in March 2004.

It's great capacity and revenue increased, but to what extent is this offset by the higher fuel prices?

For example, a FA told me on a recent flight that most rates had been jacked up $10 due to fuel. Could that account for the increase in revenue, or would any income earmarked for fuel be set aside and not included in the revenue bucket (eg PFCs, TSA "Security" fees, etc)?

I'm not an accountant (and I didn't stay in a Holiday Inn Express last night :p) so I'm not sure what the usual and customary accounting practices would be in this type of case.

. . .would any income earmarked for fuel be set aside and not included in the revenue bucket (eg PFCs, TSA "Security" fees, etc)?

It is treated as pure revenue, as all they've effectively done is increase prices. Attributing the price increase to a specific cost increase like the price of jet fuel is just marketing. The accountants consider that revenue the same as as any other.

As you point out, taxes and security fees that are collected and passed on dollar-for-dollar to a government agency is not included in revenue, however.