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US Airways reports highest annual profit in 2012

24-Jan-2013 10:46 AM

US Airways Group revenue up 4% - financial highlights:

  • Three months ended 31-Dec-2012:
    • Total operating revenue: USD3278 million, +3.9% year-on-year;
    • Total operating costs: USD3153 million, +3.5%;
      • Mainline fuel: USD830 million, +2.1%;
      • Labour: USD600 million, +9.9%;
    • Operating profit: USD125 million, +15.9%;
    • Net profit: USD37 million, +106%;
    • Passenger numbers: 20.5 million, +3.0%;
    • Passenger load factor: 83.9%, +2.0 ppts;
    • Yield: USD 16.45 cents, -0.1%;
    • Passenger revenue per ASM: USD 13.79 cents, +2.2%;
    • Total revenue per ASM: USD 15.58 cents, +2.55;
    • Operating cost per ASM: USD 14.99 cents, +2.1%;
    • Operating cost per ASM excl fuel and special items: USD 9.72 cents, +2.0%;
  • 12 months ended 31-Dec-2012:
    • Total operating revenue: USD13,831 million, +5.9%;
    • Total operating costs: USD12,975 million, +2.7%;
      • Mainline fuel: USD3489 million, +2.6%;
      • Labour: USD2488 million, +9.5%;
    • Operating profit: USD856 million, +101%;
    • Net profit: USD637 million, +797%;
    • Passenger numbers: 82.5 million, +2.5%;
    • Passenger load factor: 82.9%, +0.6 ppt;
    • Yield: USD 16.78 cents, +3.5%;
    • Passenger revenue per ASM: USD 13.92 cents, +4.3%;
    • Total revenue per ASM: USD 15.64 cents, +3.9%;
    • Operating cost per ASM: USD 14.67 cents, +0.7%;
    • Operating cost per ASM excl fuel and special items: USD 9.44 cents, +0.5%;
    • Total assets: USD9396 million, +12.7%;
    • Cash, cash equivalents and investments in marketable securities: USD2376 million, +22.0%;
    • Total liabilities: USD8606 million, +5.1%;
  • 1Q2013 forecast:
    • Mainline:
      • Capacity (ASMs): 17.8 billion;
      • Cost per ASM excl fuel, special items and profit sharing: +2% to +4% year-on-year;
      • Cargo revenue: USD40 million;
      • Fuel gallons consumed: 259 million;
    • Express:
      • Capacity: 3.4 billion;
      • Cost per ASM excl fuel and special items: -1% to +1%;
      • Fuel gallons consumed: 82 million;
  • FY2013 forecast:
    • Mainline:
      • Capacity (ASMs): 77.0 billion;
      • Cost per ASM excl fuel, special items and profit sharing: -2% to stable;
      • Cargo revenue: USD160 million;
      • Fuel gallons consumed: 1124 million;
    • Express:
      • Capacity: 14.0 billion;
      • Cost per ASM excl fuel and special items: +3% to +5%;
      • Fuel gallons consumed: 340 million. [more - original PR]