Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

US Airways Group Turns To Profit In Q1 - Quick Facts

4/25/2012 8:27 AM ET

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."

Click here to receive FREE breaking news email alerts for US Airways Group and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.