MINNEAPOLIS (AFX) - Regional carrier Mesaba Aviation Inc. said Friday its June traffic fell 38.8 percent as capacity declined a similar 40 percent.
The company, which operates as a Northwest Airlines regional carrier, said it flew 108.6 million revenue passenger miles during the month, down sharply from 177.3 million the previous June. A revenue passenger mile is an industry unit measuring one paying passenger flown one mile.
Capacity also dropped significantly to 149.3 million available seat miles from 248.9 million the year before.
Load factor, or occupancy, improved 1.5 percentage points to 72.8 percent.
Year to date, the carrier said traffic is down 25.6 percent and capacity has falled 30.1 percent. Tighter capacity has helped occupancy rise 4.2 percentage points to 69.2 percent.
Shares of Mesaba's parent, MAIR Holdings Inc., closed up 15 cents, or 2.6 percent, at $5.85 on the Nasdaq. Its stock has traded between $4.50 and $9.50 over the past 52 weeks.
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