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US Airways operating profit up 75% in 1Q2013

24-Apr-2013 8:42 AM

US Airways revenue up 4% - financial highlights for three months ended 31-Mar-2013:

  • Total operating revenue: USD3380 million, +3.5% year-on-year;
  • Total operating costs: USD3277 million, +2.2%;
    • Fuel: USD861 million, +0.2%;
    • Labour: USD636 million, +5.0%;
  • Operating profit: USD103 million, +74.8%;
  • Net profit: USD44 million, -8.3%;
  • Passenger numbers: 20.2 million, +1.7%;
  • Passenger load factor: 81.7%, +2.4 ppts;
  • Yield: USD 16.89 cents, -1.7%;
  • Passenger revenue per ASM: USD 13.80 cents, +1.3%;
  • Total revenue per AMS: USD 15.78 cents, +2.2%;
  • Operating cost per ASM: USD 15.30 cents, +0.9%;
  • Operating cost per ASM excl fuel and special items: USD 9.83 cents, +0.4%;
  • Total assets: USD10,147 million, +8.0% when compared with period ended 31-Dec-2012;
  • Cash, cash equivalents and investments in marketable securities: USD2528 million, +6.4% when compared with period ended 31-Dec-2012;
  • Total liabilities: USD9306 million, +8.1% when compared with period ended 31-Dec-2012. [more - original PR - 10Q] [more - original PR - 8K]

US Airways: "Looking forward, our integration planning work with American is going well and we continue to expect that the merger will close in the third quarter of this year. The entire US Airways team is looking forward to working with our colleagues at American to build the premier global airline,” Doug Parker, chairman and CEO. Source: Company statement, 23-Apr-2013.