7LBAC111
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US Airways Posts Q2 Loss Of US$62 Million.

Fri Jul 29, 2005 11:04 pm

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
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ERJ170
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Fri Jul 29, 2005 11:06 pm

A $62Mil lost is good for US.. don't they usually have the multi-hundred million lost?
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KL808
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Fri Jul 29, 2005 11:15 pm

Loss was lower than expected.

So things might be getting better at US.

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DLKAPA
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Fri Jul 29, 2005 11:20 pm

Compared to they Bankruptcy Buddies over Illinois, 62 million isn't bad at all, in fact most of it is probably BK costs themselves.
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LGA777
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Fri Jul 29, 2005 11:21 pm

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
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Fri Jul 29, 2005 11:49 pm

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
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Fri Jul 29, 2005 11:56 pm

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...
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jmc1975
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Sat Jul 30, 2005 12:03 am

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.
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A330323X
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Sat Jul 30, 2005 12:32 am

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.
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StevenUhl777
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Sat Jul 30, 2005 2:55 pm

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.
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backfire
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Sun Jul 31, 2005 5:20 am

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
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RE: US Airways Posts Q2 Loss Of US$62 Million.

Sun Jul 31, 2005 7:33 am

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.

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