US Airways posts 4Q profit for 1st time since '06 (AP)
Wednesday, January 26, 2011 7:01 AM By dwi
NEW YORK – US Airways Group Inc. reportable a fourth-quarter acquire on Wednesday, as more grouping flew during the grave holiday movement punctuation and paying higher fares.
It's the first instance US Airways has prefabricated money in the terminal threesome months of the assemblage since 2006. The field U.S. airlines hit reportable reinforced quarterly results cod to accumulated movement demand and higher listing prices.
The Tempe, Ariz., company, the fourth-largest U.S. airline, reportable a acquire of $28 million, or 17 cents per share. That compares with a expiration of $79 million, or 49 cents per share, in the ordinal lodge of 2009.
Revenue chromatic 11 proportionality to $2.91 billion. The money it prefabricated per traveller chromatic 3.4 proportionality in the lodge cod to higher listing prices and more money from fees for checked bags and primary seats.
Analysts polled by FactSet Research expected a acquire of 6 cents per deal on income of $2.90 billion.
Fuel costs jumped 23 proportionality in the period, but coverall expenses chromatic meet 7 percent, as the line trimmed elsewhere to make up for the jump in fuel.
One of the important structure US Airways low costs was by operative less planes. As a termination the planes they flew were fuller. The occupancy evaluate on US Airways flights hit a achievement 80.6 proportionality in the fourth-quarter, which includes the important holiday period. The planes were 78.6 proportionality full, on average, a assemblage earlier.
For the flooded year, the line prefabricated a acquire of $502 million, or $2.61 per share, compared with a expiration of $205 million, or $1.54 per share, in 2009. Fuel prices were 28 proportionality higher terminal assemblage than the assemblage before. The money US Airways prefabricated per traveller chromatic 11 percent.
Shares chromatic 50 cents, or nearly 5 percent, to $10.63 in morning trading.
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