In the first half of 2020, the Subject Airline reduced their offering of available seat miles (ASM) approximately 43%, compared to the same period last year. Despite this drastic reduction in capacity, revenues per ASM decreased by an average of USS¢2.6.
LCCs took advantage of their flexibility and maintained more capacity compared to their mainline competitors. Southwest reduced capacity the least, cutting only 32% with a RASM reduction of US¢4.4. Among the three mainline carriers American maintained the most capacity allowing them to overtake Delta in revenues for the first half of the year, even with a US¢3.2 reduction in RASM.
Sources: SEC Edgar, OAG, mba Aviation Analysis
