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US Airways operating profit up 3% in 4Q2011; down 45% in FY2011

26-Jan-2012 12:38 PM

US Airways reports the following financials highlights for 4Q2011 and FY2011:

  • Three months ended 31-Dec-2011:
    • Operating revenue: USD3,155 million, +8.5% year-on-year;
    • Operating costs: USD3,047 million, +8.7%;
      • Fuel: USD813 million, +29.4%;
      • Labour: USD546 million, +1.8%;
      • Express:
        • Fuel: USD254 million, +22.7%;
    • Operating profit: USD108 million, +3.0%;
    • Net profit (loss): (USD18 million), -35.5%;
    • Passenger numbers: 13.1 million, +1.0%;
    • Passenger load factor: 83.1%, +1.4 pts;
    • Yield: USD14.19 cents, +9.5%;
    • Passenger revenue per ASM: USD11.79 cents, +11.4%;
    • Total revenue per ASM: USD15.20 cents, +9.9%;
    • Operating cost per ASM: USD14.68 cents, +10.1%;
    • Cost per ASM excl fuel and special items: USD9.53 cents, +2.1%;
  • FY2011:
    • Operating revenue: USD13,055 million, +9.6%;
    • Operating costs: USD12,629 million, +13.5;
      • Fuel: USD3,400 million, +41.4%;
      • Labour: USD2,272 million, +1.3%;
      • Express:
        • Fuel: USD1,056 million, +37.4%;
    • Operating profit: USD426 million, -45.4%;
    • Net profit (loss): (USD71 million), -85.8%;
    • Passenger numbers: 52.9million, +2.1%;
    • Passenger load factor: 83.7%, 1.3 pts;
    • Yield: USD13.99 cents, +7.95;
    • Passenger revenue per ASM: USD11.71 cents, +9.6%;
    • Total revenue per ASM: USD15.06 cents, +8.5%;
    • Operating costs per ASM: USD12.97 cents, +12.4%;
    • Costs per ASM excl fuel and special items: USD9.40 cents, +1.4%;
    • Total assets: USD8,335 million, +6.6% when compared to period ended 31-Dec-2010;
    • Cash, cash equivalents and investments in marketable securities: USD1,947 million, +4.7% when compared to period ended 31-Dec-2010. [more - Original PR]

US Airways"Strong demand for our product and outstanding operations performance by the US Airways team resulted in numerous records set by our airline. Passenger revenue, total revenue, and passenger revenue per available seat mile all set new Company records for both the fourth quarter and the full year. We also had our best fourth quarter ever in terms of operating reliability, including our best on-time performance, highest completion factor and lowest mishandled baggage ratio. Looking forward, we are encouraged by the continued strength in demand and believe US Airways is well positioned for success in 2012 and beyond." Company statement. Source: US Airways, 25-Jan-2012.