US Airways Posts Record Annual Profit

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

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.

More Expert Advice from The Motley Fool

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

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 icon found on every comment.