US Airways Posts Record Annual Profit
US Airways Group released its Q4 and full-year 2012 results, showing its highest-ever net profit for the latter period. On a GAAP basis for fiscal 2012, the company netted $637 million ($3.28 per diluted share), or nearly nine times 2011's figure of $71 million ($0.44 diluted EPS). Operating revenues were $13.8 billion, or 6% higher than in 2011.
The quarterly net profit also saw a sizable jump, to $37 million ($0.23 diluted EPS) from Q4 2011's $18 million ($0.11). Operating revenue advanced over the same time frame; it was $3.3 billion in this most recent quarter, against $3.2 billion in the year-ago period.
The company attributed the improvements to "a strong demand environment and record passenger yields." In a follow-up conference call, company President Scott Kirby said US Airways expects 2%-4% growth in unit revenue on a year-over-year basis for both February and March.
The article US Airways Posts Record Annual Profit originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in US Airways Group. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.