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US Airways reports double-digit operating profit growth in 2Q2013 and 1H2013

25-Jul-2013 9:28 AM

US Airways revenue up 3% – financial highlights:

  • Three months ended 30-Jun-2013:
    • Total operating revenue: USD3865 million, +2.9% year-on-year;
      • Passenger: USD3448 million, +2.6%;
      • Cargo: USD36 million, -7.3%;
    • Total operating costs: USD3384 million, +1.0%;
      • Fuel: USD872 million, -3.8%;
      • Labour: USD701 million, +4.2%;
    • Operating profit: USD481 million, +18.9%;
    • Net profit: USD287 million, -6.3%;
    • Passenger enplanements: 22.1 million, +4.3%;
    • Passenger load factor: 85.1%, +1.7 ppt;
    • Yield: USD 17.00 cents, -2.8%;
    • Passenger revenue per ASM: USD 14.47 cents, -0.9%;
    • Total revenue per ASM: USD 16.22 cents, -0.5%;
    • Operating cost per ASM: USD 14.20 cents, -2.4%;
  • Six months ended 30-Jun-2013:
    • Total operating revenue: USD7245 million, +3.2%;
      • Passenger: USD6403 million, +2.6%;
      • Cargo: USD77 million, -2.1%;
    • Total operating costs: USD6661 million, +1.6%;
      • Fuel: USD1733 million, -1.9%;
      • Labour: USD1338 million, +4.6%;
    • Operating profit: USD584 million, +26.0%;
    • Net profit: USD331 million, -6.6%;
    • Passenger enplanements: 42.3 million, +3.0%;
    • Passenger load factor: 83.5%, +2.1 ppts;
    • Yield: USD 16.95 cents, -2.3%;
    • Passenger revenue per ASM: USD 14.15 cents, +0.25;
    • Total revenue per ASM: USD 16.01 cents, +0.8%;
    • Operating cost per ASM: USD 14.72 cents, -0.8%;
    • Total assets: USD11,598 million;
    • Cash, cash equivalents and investments in marketable securities: USD3622 million;
    • Total liabilities: USD10,344 million. [more - original PR]

US Airways: "These record financial results are thanks to the 32,000 team members of US Airways who delivered record results on multiple fronts. This performance provides excellent momentum as we transition into the new American Airlines. The teams are working very well together and we continue to expect to close the merger in the third quarter,” Doug Parker, Chairman and CEO. Source: Company statement, 24-Jul-2013.