(Reuters) - US Airways Group
The carrier said unit revenue, a measure of pricing power and how full planes are, was flat in the month compared with a year earlier. US Airways added that result was lower than expected for March, and cited "reduced close-in demand believed to be driven largely by the sequester."
On Tuesday, Delta Air Lines
Delta had also said March unit revenue fell short of its expectations, citing lower-than-expected bookings due to automatic budget cuts mandated by sequestration and reduced demand as a result of attempts to raise prices.
US Airways, which plans to merge with AMR Corp's
Load factor, or the percentage of seats filled, improved to 85.6 percent from 84 percent a year earlier.
Shares of US Airways were down 0.4 percent to $15.67 in morning trading.
(Reporting by Karen Jacobs; Editing by Nick Zieminski)