logo
Share SHARE
FONT-SIZE Plus   Neg

US Airways Group Turns To Profit In Q1 - Quick Facts

US Airways Group Inc. (LCC: Quote) reported a first-quarter net profit of $48 million or $0.28 per share, compared to a net loss of $114 million, or $0.71 per share, for the same period in 2011.

Net loss excluding net special credits for the latest quarter was $22 million, or $0.13 per share. Net loss excluding net special charges for the first quarter 2011 was $110 million, or $0.68 per share. Analysts polled by Thomson Reuters expected the company to report a loss of $0.25 per share. Analysts' estimates typically exclude special items.

Total operating revenues for the quarter rose to $3.27 billion from $2.96 billion in the prior year quarter. Ten analysts had consensus revenue estimate of $3.24 billion for the quarter.

US Airways Group, Inc. Chairman and CEO Doug Parker said, "We are pleased to report significantly improved first quarter financial results in spite of record high fuel prices. Consumer demand for our product remains very high, resulting in record high first quarter revenue, load factor, yield and PRASM."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apple Inc. said Tuesday after the markets closed that its first quarter profit rose 38% from last year, driven by all time record revenue from iPhone and Mac sales as well as record performance of its App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales. We are just a few weeks into 2015 and it has already been a busy year for merger deals and merger talks. Here is a list of some of the M&A stories that have made headlines so far in 2015. Diversified electronics maker TE Connectivity Ltd. is nearing a deal to sell its network solutions business unit to CommScope Holding Co., Inc. (COMM) in a deal valued at about $3 billion, according a Wall Street Journal report on Monday. A deal could be announced as early as this week. There has...
comments powered by Disqus
Follow RTT