US Airways Posts Record Annual Profit

US Airways Group (NYSE: LCC  ) released its Q4 and full-year 2012 results, showing its highest-ever net profit for the latter period. On a GAAP basis for fiscal 2012, the company netted $637 million ($3.28 per diluted share), or nearly nine times 2011's figure of $71 million ($0.44 diluted EPS). Operating revenues were $13.8 billion, or 6% higher than in 2011.

The quarterly net profit also saw a sizable jump, to $37 million ($0.23 diluted EPS) from Q4 2011's $18 million ($0.11). Operating revenue advanced over the same time frame; it was $3.3 billion in this most recent quarter, against $3.2 billion in the year-ago period.

The company attributed the improvements to "a strong demand environment and record passenger yields." In a follow-up conference call, company President Scott Kirby said US Airways expects 2%-4% growth in unit revenue on a year-over-year basis for both February and March.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2211905, ~/Articles/ArticleHandler.aspx, 8/1/2014 11:05:09 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement