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US Airways reports second-highest quarterly profit since 2005 merger

22-Jul-2010 1:25 PM

US Airways revenue up 19.3% - consolidated financial/traffic highlights:

  • Three months ended 30-Jun-2010:
    • Total operating revenue: USD3,171 million, +19.3% year-on-year;
    • Total operating costs: USD2,800 million, +10.4%;
      • Fuel: USD616 million, +39.9%;
      • Labour: USD573 million, +4.3%;
    • Operating profit: USD371 million, +204.1%;
    • Net profit: USD279 million, +381.0%;
    • Passenger traffic (RPMs): -0.1%;
    • Load factor: 82.9%, -0.5 ppt;
    • Yield: USD 15.31 cents, +18.6%;
    • Passenger revenue per ASM: USD 12.70 cents, +18.0%;
    • Total revenue per ASM: USD 14.37 cents, +18.9%;
    • Operating costs per ASM: USD 12.69 cents, +10.0%;
  • Six months ended 30-Jun-2010:
    • Total operating revenue: USD5,821 million, +13.9%;
    • Total operating costs: USD5,460 million, +8.9%;
      • Fuel: USD1,151 million, +40.5%;
      • Labour: USD1,128 million, +2.6%;
    • Operating profit: USD361 million, +272.2%;
    • Net profit: USD235 million, compared to a loss of USD45 million in p-c-p;
    • Passenger traffic (RPMs): -1.1%;
    • Load factor: 80.2%, stable;
    • Yield: USD 15.17 cents, +14.0%;
    • Passenger revenue per ASM: USD 12.17 cents, +14.0%;
    • Total revenue per ASM: USD 13.88 cents, +15.2%;
    • Operating costs per ASM: USD 13.02 cents, +10.1%;
    • Total assets: USD8,131 million, compared to USD7,454 million as of 31-Dec-2009;
    • Total cash: USD2,500 million;
    • Long-term debt and capital leases: USD4,061 million, compared to USD4,024 million as of 31-Dec-2009. [more - SEC Filing][more - Perspective]

US Airways: "We are encouraged by the economic recovery we have seen thus far, and are extremely pleased with our team's results. Looking forward, and based on current business and economic conditions, we expect to report a profit for the third quarter and full-year 2010,” Doug Parker, Chairman and CEO. Source: US Airways, 21-Jul-2010.