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US Reports 2Q Profit - $279M  
User currently offlineFutureUScapt From United States of America, joined Dec 2008, 765 posts, RR: 1
Posted (4 years 3 months 5 days 20 hours ago) and read 3575 times:

http://finance.yahoo.com/news/US-Air...Second-bw-2476420122.html?x=0&.v=1

Excluding special items, the net profit was $265M which is the second highest quarterly profit ever for US. $18M was accrued towards profit sharing during the period. Congratulations to all the employees of US!

14 replies: All unread, jump to last
 
User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 1, posted (4 years 3 months 5 days 20 hours ago) and read 3546 times:

Well done US, this follows the trend set by DL and UA.

User currently offlineBridogger6 From United States of America, joined Apr 2005, 716 posts, RR: 10
Reply 2, posted (4 years 3 months 5 days 18 hours ago) and read 3337 times:

Congrats to all these airlines for posting profits! Congrats US.

User currently offlineUSAir1 From United States of America, joined Nov 2009, 71 posts, RR: 1
Reply 3, posted (4 years 3 months 5 days 17 hours ago) and read 3118 times:

Hopefully this trend continues- its been a long time since we have seen a profit like this. We also have more cash and short term investments than we have had since 2008, which is a good sign considering cash is king in this economy. Good job to everyone here on the front line who made this work.

User currently offlineAirCanadaA330 From Canada, joined Aug 2008, 294 posts, RR: 0
Reply 4, posted (4 years 3 months 5 days 17 hours ago) and read 3117 times:

finally, its nice to see airlines make a profit...........congrads to all the people at US Airways


Cheers;
User currently offlinerbgso From United States of America, joined Jun 2006, 594 posts, RR: 0
Reply 5, posted (4 years 3 months 5 days 16 hours ago) and read 3024 times:

Congrats to US. A job well done, and (temporarily, at least) supports the view that they can go it alone for the time being.

User currently offlineFlighty From United States of America, joined Apr 2007, 8638 posts, RR: 2
Reply 6, posted (4 years 3 months 5 days 16 hours ago) and read 2958 times:

Which makes it a YTD profit of??

I'll congratulate them when they make an annual net profit for 2010, while keeping their service trends up. US has lost way too much money in its life to be congratulated overall... And this of course goes for UA and DL just as much. But, at least they havent lost a fortune every single quarter. JMO.  


User currently offlineUSAir1 From United States of America, joined Nov 2009, 71 posts, RR: 1
Reply 7, posted (4 years 3 months 5 days 15 hours ago) and read 2834 times:

Flighty, in the quarters that UA and DL performed poorly so did US. In fact, if you look over the past 5 or 6 years I doubt you could find a quarter where US hadn't beat wall street expectations (even if they were posting a loss). I also don't think you will find a quarter where US lost tons of money while the other legacies were making money.

Quoting Flighty (Reply 6):
Which makes it a YTD profit of??

Since US lost $45M in the first quarter and made $279 this quarter that would be around $234M in the black.


User currently offlineLipeGIG From Brazil, joined May 2005, 11442 posts, RR: 58
Reply 8, posted (4 years 3 months 5 days 15 hours ago) and read 2753 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting FutureUScapt (Thread starter):
Excluding special items, the net profit was $265M which is the second highest quarterly profit ever for US. $18M was accrued towards profit sharing during the period. Congratulations to all the employees of US!

Thanks for sharing

Quoting USAir1 (Reply 3):
Hopefully this trend continues- its been a long time since we have seen a profit like this

That's my expectation also, in order to provide some key relief and additional investment in the future and in capital goods (i.e. new aircraft). The Q2 was one of a few that have the fuel prices more/less flat.



New York + Rio de Janeiro = One of the best combinations !
User currently offlineStarAlliance38 From United States of America, joined Jan 2008, 1445 posts, RR: 3
Reply 9, posted (4 years 3 months 5 days 12 hours ago) and read 2525 times:

Great news! Thanks for sharing!

Congrats to all at US! Nice to see the continuing trend! I wonder if US will be announcing anything new in the next month or so because of this great success.



Roar, lion, roar
User currently offline777lovr80 From United States of America, joined Nov 2009, 11 posts, RR: 0
Reply 10, posted (4 years 3 months 5 days 12 hours ago) and read 2472 times:

Congrats to US Airways!!

Great results, hope this is a sign of a turnaround in airline industry.

They are also recalling a total 300 furloughed pilots/ flight attendants to better support the network and possible expansion.

Great news!!

Cheers

G


User currently offlineFlighty From United States of America, joined Apr 2007, 8638 posts, RR: 2
Reply 11, posted (4 years 3 months 5 days 10 hours ago) and read 2316 times:

Well there is no question that the airline industry has shrunk and merged (= shrunk again) it's way to stability. The LCC revolution has caused legacies to be whipped into shape, but of course the legacy market share is smaller now. And after mergers, US stands at #4 or so. So they play a role as price spoiler in quite a few markets. That could be their name, Price Spoiler Airlines. Because that is their game.

User currently offlineca2ohHP From United States of America, joined Sep 2005, 955 posts, RR: 1
Reply 12, posted (4 years 3 months 5 days 10 hours ago) and read 2226 times:

Quoting Flighty (Reply 11):
Well there is no question that the airline industry has shrunk and merged (= shrunk again) it's way to stability. The LCC revolution has caused legacies to be whipped into shape, but of course the legacy market share is smaller now. And after mergers, US stands at #4 or so. So they play a role as price spoiler in quite a few markets. That could be their name, Price Spoiler Airlines. Because that is their game.

How about you re-name your SN to "buzzkill"

Seriously, all the US bashing on here, you'd think a positive thread could remain that way more than 10 posts in.


User currently offlinesmoot4208 From United States of America, joined Jan 2010, 1312 posts, RR: 12
Reply 13, posted (4 years 3 months 5 days 9 hours ago) and read 2195 times:

According to Kirby today, the LGA operation (excluding hub flying and the shuttle) was profitable this quarter. So that is a pretty good turnaround.

User currently offlinemah584jr From United States of America, joined Mar 2006, 511 posts, RR: 0
Reply 14, posted (4 years 3 months 5 days 8 hours ago) and read 2122 times:

Congrats to U.S. on all their recent success. They've really done a much better job lately. They're definitely one of the airlines I am a fan of as you can see from these videos.

http://www.youtube.com/user/mah584jr


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