US Airways forecasts favourable 2013 results as it gains traction with corporate customers

Despite having the bulk of its attention diverted to aggressively pursuing a merger with American Airlines during 2012, US Airways recorded a strong financial performance on a stand-alone basis, boasting that its annual profit for the year was the highest in the airline's history. Presently, company management believes the profitability momentum should carry over into 2013 as demand remains solid and its corporate bookings continue to grow.

Excluding special items, US Airways in 4Q2012 more than doubled its profit year-over-year to USD46 million from USD21 million. The carrier boasted its USD537 million profit (also excluding special items) for full year 2012 was the best in the company's history, and represented a 384% improvement over the USD111 million net income recorded in 2011.