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
Uber Technologies Inc., the rapidly growing ride-sharing service, has stumbled upon another problem in Japan. The Japaneses transport ministry has asked Uber to pull the plug on a pilot program in the city of Fukuoka. Last month, Uber started a pilot program in Fukuoka, Japan's sixth-largest city,... Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted... Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and...
comments powered by Disqus
Follow RTT