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US Airways reports best quarterly result in 2Q2012

26-Jul-2012 12:24 PM

US Airways revenue up 7% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: USD3754 million, +7.2% year-on-year;
    • Operating costs: USD3350 million, +0.7%;
      • Fuel*: USD906 million, -4.4%;
      • Labour*: USD674 million, +16.8%;
    • Operating profit: USD404 million, +128%;
    • Net profit: USD306 million, +233%;
    • Passenger numbers: 21.2 million, stable;
    • Passenger load factor: 83.4%, -0.4 ppt;
    • Yield: USD 17.50 cents, +7.4%;
    • Passenger revenue per ASM: USD 14.59 cents, +6.8%;
    • Total revenue per ASM: USD 16.30 cents, +6.1%;
    • Operating cost per ASM: USD 14.54 cents, -0.3%;
    • Cost per ASM excl special items and fuel: USD 9.33 cents, +2.1%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: USD7021 million, +8.6%;
    • Operating costs: USD6558 million, +3.7%;
      • Fuel: USD1766 million, +5.0%;
      • Labour: USD1279 million, +11.3%;
    • Operating profit: USD463 million, +236%;
    • Net profit: USD355 million, compared to a loss of USD23 million in p-c-p;
    • Passenger numbers: 41.0 million, +2.4%;
    • Passenger load factor: 81.4%, +0.4 ppt;
    • Yield: USD 17.36 cents, +6.9%;
    • Passenger revenue per ASM: USD 14.13 cents, +7.4%;
    • Total revenue per ASM: USD 15.89 cents, +6.5%;
    • Operating cost per ASM: USD 14.84 cents, +1.7%;
    • Cost per ASM excl special items and fuel: USD9.55 cents, +0.8%;
    • Total assets: USD9235 million, +10.8% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: USD2515 million, +29.2% when compared to period ended 31-Dec-2011;
    • Total liabilities: USD8724 million, -20.8% when compared to period ended 31-Dec-2011
  • 3Q2012 forecast:
    • Cargo revenue: USD35 million;
    • Other revenue: USD330 million;
    • Capacity (ASMs): 19.4 billion;
    • Cost per ASM excl fuel, special items and profit sharing: +1% to +3% year-on-year;
  • 4Q2012 forecast:
    • Cargo revenue: USD40 million;
    • Other revenue: USD320 million;
    • Capacity: 17.5 billion;
    • Cost per ASM excl fuel, special items and profit sharing: +1% to +3% year-on-year;
  • FY2012 forecast:

*Excludes regional costs

US Airways: "We are extremely pleased to report the highest quarterly profit in our company's history. Consumer demand for our product remained strong during the second quarter, resulting in record revenue, passenger yields, and unit revenue performance,” Doug Parker, chairman and CEO. Source: Company statement, 25-Jul-2012.