US Airways Posts Q2 Loss Of US$62 Million. — Civil Aviation Forum

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US Airways Posts Q2 Loss Of US$62 Million.

7LBAC111 From United Kingdom, joined Jul 2004, 2566 posts, RR: 43
Posted (7 years 9 months 4 weeks 9 hours ago) and read 2645 times:

Source Airwise.

US Airways on Friday said it made a loss in the second quarter compared with a year-earlier profit as record fuel prices outweighed cost-cutting efforts.

The bankrupt airline reported a net loss of USD$62 million compared with a year-earlier net profit of USD$34 million.

7LBAC111

Debate is what you put on de hook when you want to catch de fish.

11 replies: All unread, jump to last

ERJ170 From United States of America, joined Apr 2004, 6626 posts, RR: 19
Reply 1, posted (7 years 9 months 4 weeks 9 hours ago) and read 2635 times:

A $62Mil lost is good for US.. don't they usually have the multi-hundred million lost?

Aiming High and going far..

KL808 From United States of America, joined May 1999, 1573 posts, RR: 2
Reply 2, posted (7 years 9 months 4 weeks 9 hours ago) and read 2615 times:

Loss was lower than expected.

So things might be getting better at US.

Drew

AMS-LAX-MNL

DLKAPA From , joined Dec 1969, posts, RR:
Reply 3, posted (7 years 9 months 4 weeks 9 hours ago) and read 2596 times:

Compared to they Bankruptcy Buddies over Illinois, 62 million isn't bad at all, in fact most of it is probably BK costs themselves.

LGA777 From United States of America, joined Jul 2003, 1101 posts, RR: 22
Reply 4, posted (7 years 9 months 4 weeks 9 hours ago) and read 2592 times:

No offense to my friends over at UAL but sure beats there 1.2 billion loss for the same time frame. Also had the rise in the price of fuel been a little less drastic probably would have been a profit.

LGA777

Padcrasher From , joined Dec 1969, posts, RR:
Reply 5, posted (7 years 9 months 4 weeks 8 hours ago) and read 2539 times:

The most meaningful figure you take away from the reports is net loss after special items. This gives you how the business model is performing after debt service. UA is basically break even at - 0.6% margin whereas US slightly less so at - 1.8%. Both generating positive operating cash flow. Nice job from both airlines considering fuel prices. Oil prices are up again this Q from last so we should see greater losses as revenue in the 3rd Q is lower on average.

Anybody have any specifics on the new US route restructuring coming up after the merger?

[Edited 2005-07-29 16:59:29]

[Edited 2005-07-29 17:00:08]

Goodmanr From United States of America, joined Apr 2005, 297 posts, RR: 0
Reply 6, posted (7 years 9 months 4 weeks 8 hours ago) and read 2518 times:

Quoting LGA777 (Reply 4):
No offense to my friends over at UAL but sure beats there 1.2 billion loss for the same time frame.

Excluding the pension handoff and some other reorganization charges, UAL actually did alright.

US as well has made real progress cutting costs...

USAirways - Chairmans Gold

Jmc1975 From Israel, joined Sep 2000, 3159 posts, RR: 17
Reply 7, posted (7 years 9 months 4 weeks 8 hours ago) and read 2500 times:

Combine the entities of HP and US, as is, you will see a Q2 loss of approximately $49 million. Not bad considering the airline's combined size, current overhead and numerous redundancies. Also, don't forget the $600 million annual ($150 million quarterly) anticipated synergies.

.......

A330323X From United States of America, joined Oct 2003, 3039 posts, RR: 47
Reply 8, posted (7 years 9 months 4 weeks 8 hours ago) and read 2450 times:

At first glance, it's a bit less than I was expecting.

I was hoping for an operating profit of about $80 million, when it was only $41 million.

But I haven't had a chance to go through the numbers yet, which probably aren't all out yet anyway, so I'll have some more detailed comments later tonight.

I'm the expert on here on two things, neither of which I care about much anymore.

StevenUhl777 From , joined Dec 1969, posts, RR:
Reply 9, posted (7 years 9 months 3 weeks 6 days 17 hours ago) and read 2256 times:

Quoting Padcrasher (Reply 5):
The most meaningful figure you take away from the reports is net loss after special items. This gives you how the business model is performing after debt service. UA is basically break even at - 0.6% margin whereas US slightly less so at - 1.8%. Both generating positive operating cash flow. Nice job from both airlines considering fuel prices.

You're absolutely right, and thank you for posting the relevant information and an accurate analysis of what the numbers really mean.

Backfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 10, posted (7 years 9 months 3 weeks 6 days 3 hours ago) and read 2119 times:

You have to love the people who somehow think a loss of over $60 million in three months is good news because the airline's not going down the toilet quite as fast as a rival... banghead

SonOfACaptain From United States of America, joined May 2004, 1747 posts, RR: 5
Reply 11, posted (7 years 9 months 3 weeks 6 days 1 hour ago) and read 2074 times:

Quoting Backfire (Reply 10):
You have to love the people who somehow think a loss of over $60 million in three months is good news because the airline's not going down the toilet quite as fast as a rival

No, it means that they have turned their operations around from an airline from hell a couple of years ago to an airline that would actually make some money if fuel was at a "normal" level.

-SOAC

Non Illegitimi Carborundum

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