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US Airways falls deeper into red in 1Q2011

27-Apr-2011 2:18 PM

US Airways revenue up 12% - financial/traffic highlights for the three months ended 31-Mar-2011:

  • Revenue: USD2961 million, +11.7% year-on-year;
  • Operating costs: USD3000 million, +12.8%;
    • Fuel: USD734 million, +37.4%;
    • Labour: USD573 million, +3.1%;
    • Regional fuel: USD242 million, +42.7%;
  • Operating profit (loss): (USD39 million), compared with a loss of USD10 million in p-c-p;
  • Net profit (loss): (USD114 million), compared with a loss of USD45 million in p-c-p;
  • Passenger numbers: 18.9 million, +5.1%;
  • Passenger load factor: 78.0%, +0.8 ppt;
  • Yield: USD 16.14 cents, +7.6%;
  • Total revenue per ASM: USD14.42 cents, +8.1%;
  • Passenger revenue per ASM: USD 12.59 cents, +8.7%;
  • Operating cost per ASM: USD 14.61 cents, +9.1%;
  • Total assets: USD8217 million, +5.1% when compared with the period ended 31-Dec-2010;
  • Cash and cash equivalents: USD2073 million, +11.5% when compared with the period ended 31-Dec-2010;
  • Total liabilities: USD8247 million, +6.6% when compared with the period ended 31-Dec-2010. [more]

US Airways: “Our first quarter results were clearly impacted by the extremely high price of oil, but our team did an exceptional job of managing to largely offset that impact. Demand for our product was strong and unit revenues increased more than eight percent. We also continued to keep our non-fuel expenses in check as evidenced by a year-over-year decline in our mainline non-fuel unit costs,” Doug Parker, Chairman and CEO. Source: US Airways, 26-Apr-2011.