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January 23, 2013

US Airways reports $37 million profit for the fourth quarter

US Airways, who would like to merge with American Airlines, reported a profit of $37 million for the fourth quarter.

The Tempe-based carrier said its revenues grew 3.9 percent to $3.3 billion for the quarter. However, the company's quarterly results were hurt by Hurricane Sandy by about $35 million.

For the full year, US Airways said it reported a record profit of $637 million compared to a $71 million profit in 2011. It also had record revenues of $13.8 billion, up almost 6 percent compared to prior year.

"We enter 2013 with great momentum and enthusiasm and are well positioned for whatever may lie ahead," said US Airways chief executive Doug Parker in a statement.

Parker and other US Airways executives will discuss the carrier's earnings results on an investor conference call at 10:30 a.m. CDT on Wednesday.

-Andrea Ahles

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Comments

casual observer

Came across this article explaining the uncanny US profits.

http://beta.fool.com/adamathm/2013/01/23/us-airways-profits-are-not-as-impressive-as-they-s/22495/?source=TheMotleyFool

If this isn't an omen for all AA folks, I don't know what is. Another "I told you so" moment in the making.

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