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US Airways Group Turns To Profit In Q1 - Quick Facts

US Airways Group Inc. (LCC) 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

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British drug maker AstraZeneca Plc reported Friday higher profit in its first quarter, reflecting lower charges and higher revenues. US and emerging markets performed well. Looking ahead, for fiscal 2016, the company continues to expect both revenue and earnings per share to decline a low to mid single-digit percentage at constant exchange rates. International Consolidated Airlines Group S.A. Friday reported profit for the first quarter, compared to loss in the prior year, mainly reflecting higher passenger revenues and increased capacity. For fiscal 2016, IAG still expects to generate an absolute operating profit increase similar to 2015 as it expects to reduce underlying ex-fuel unit costs by around one percent. French drug maker Sanofi reported Friday a higher profit in its first quarter, while net sales were hurt mainly by weak results in Diabetes unit and Venezuela. Excluding Venezuela. Aggregate Group sales increased 3 percent at constant exchange rates. Looking ahead, the company continues to expect 2016 business earnings per share to be broadly stable at CER.
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