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US Airways Posts Q2 Loss Of US$62 Million.  
User currently offline7LBAC111 From United Kingdom, joined Jul 2004, 2566 posts, RR: 36
Posted (8 years 8 months 3 weeks 5 days 3 hours ago) and read 4572 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
 
User currently offlineERJ170 From United States of America, joined Apr 2004, 6729 posts, RR: 18
Reply 1, posted (8 years 8 months 3 weeks 5 days 3 hours ago) and read 4562 times:

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


Aiming High and going far..
User currently offlineKL808 From United States of America, joined May 1999, 1582 posts, RR: 2
Reply 2, posted (8 years 8 months 3 weeks 5 days 2 hours ago) and read 4542 times:

Loss was lower than expected.

So things might be getting better at US.

Drew



AMS-LAX-MNL
User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 8 months 3 weeks 5 days 2 hours ago) and read 4523 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.

User currently offlineLGA777 From United States of America, joined Jul 2003, 1138 posts, RR: 20
Reply 4, posted (8 years 8 months 3 weeks 5 days 2 hours ago) and read 4519 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


User currently offlinePadcrasher From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 8 months 3 weeks 5 days 2 hours ago) and read 4466 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]

User currently offlineGoodmanr From United States of America, joined Apr 2005, 297 posts, RR: 0
Reply 6, posted (8 years 8 months 3 weeks 5 days 2 hours ago) and read 4445 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
User currently offlineJmc1975 From Israel, joined Sep 2000, 3242 posts, RR: 15
Reply 7, posted (8 years 8 months 3 weeks 5 days 2 hours ago) and read 4427 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.


.......
User currently offlineA330323X From United States of America, joined Oct 2003, 3039 posts, RR: 44
Reply 8, posted (8 years 8 months 3 weeks 5 days 1 hour ago) and read 4377 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.
User currently offlineStevenUhl777 From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 8 months 3 weeks 4 days 11 hours ago) and read 4183 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.


User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 10, posted (8 years 8 months 3 weeks 3 days 20 hours ago) and read 4046 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 

User currently offlineSonOfACaptain From United States of America, joined May 2004, 1747 posts, RR: 6
Reply 11, posted (8 years 8 months 3 weeks 3 days 18 hours ago) and read 4001 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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