Singapore_Air From United Kingdom, joined Nov 2000, 13753 posts, RR: 18 Posted (12 years 4 months 4 days 17 hours ago) and read 2454 times:
U.S. Airways Group Incorporated has announced a February operating loss of US$76 million - up 25% from the loss announced in January. That was an operating loss excluding interest expenses and reorganisational items. January's operating loss was US$101.3 million.
Operating revenue fell 1% though to US$473.8 million. Including the aforementioned excluded items, the airline posted a US$98.7 million loss for Feburary, up US$700 000 from January.
U.S. Airways has emerged from Chapter 11 bankcruptcy.
Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlinked webpage. Information was rephrased and not copied and pasted unlike others with the exception of quotes.
Neednewairport From United States of America, joined Jan 2002, 235 posts, RR: 0
Reply 4, posted (12 years 4 months 4 days 14 hours ago) and read 2321 times:
The No. 7 U.S. airline said its operating loss, which excludes interest expenses and various reorganization items, totaled $75.8 million in February, down from $101.3 million in January. Operating revenues fell less than 1 percent to $473.8 million from $477 million.
N628AU From United States of America, joined Oct 2000, 353 posts, RR: 0
Reply 5, posted (12 years 4 months 4 days 10 hours ago) and read 2265 times:
Also this company was particularly hard hit by weather. 10 of the 28 days saw significant weather impact on the system, equating to lost revenue and increased expenses in overtime and deicing. The Northeast was shut down for all intent and purpose over the President's weekend. I had family stuck in Maine for four days, and to get back to CLT had to fly to CAE and I picked them up. Not very bad all things considered. Also, jet fuel was about $1.20 a gallon in February (I believe they had some hedging, but probably very little), and it is now at about 80 cents per gallon. That is a 33% decline for those of you in Rio Linda, CA. Costs should also decrease as some restructuring costs are now gone, such as lawyers fees, and the last of the employee severance should be over shortly. Barring unforseen events (prolonged war in Iraq or another terror attack), things should be getting better soon.