jmc1975
Topic Author
Posts: 3036
Joined: Mon Sep 18, 2000 10:57 am

America West Posts Q1 Profit!

Thu Apr 21, 2005 12:10 am

This is certainly good news! For all you skeptics out there, America West is here to stay!


http://biz.yahoo.com/prnews/050420/law012.html?.v=9
.......
 
airtran737
Posts: 3448
Joined: Mon Apr 05, 2004 3:47 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 12:12 am

Quoting Jmc1975 (Thread starter):

America West is here to stay!

If they don't merge with US they will be here to stay.
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
 
European
Posts: 1495
Joined: Wed Sep 29, 2004 5:01 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 12:13 am

Hi,

Great to hear some American Airlines can live long!

I hope America West are here to stay and keep making money!

Jimmi

 bigthumbsup  bigthumbsup  bigthumbsup  bigthumbsup  bigthumbsup  bigthumbsup  bigthumbsup  bigthumbsup 
Come on Ryanair! Come on BOH! BASE BASE BASE! Flying high in the skies...........
 
qwerty
Posts: 383
Joined: Sat Mar 17, 2001 7:31 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 12:21 am

Good job Doug!



----------------------------
 
as739x
Posts: 5180
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RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 12:24 am

33 million made though a lot of debt to the goverment. Lets not get fooled people!

ASSFO
"Some pilots avoid storm cells and some play connect the dots!"
 
flyboyaz
Posts: 2077
Joined: Sat Sep 13, 2003 11:32 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 1:24 am

Wow awesome...I wasn't expecting that!
Catch a ride on a smile!
 
stlgph
Posts: 11121
Joined: Tue Oct 12, 2004 4:19 pm

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 1:39 am

Quoting AS739X (Reply 4):
33 million made though a lot of debt to the goverment. Lets not get fooled people!

debt to the government is the debt kind there is! remember student loans?
if assumptions could fly, airliners.net would be the world's busiest airport
 
SHUPirate1
Posts: 3428
Joined: Sat Sep 20, 2003 2:53 pm

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 1:46 am

Let's be real here...America West posted a small operational loss for Q1. Additionally, an operational profit does not mean a company is out of the woods. After all, in Q2 2004, their last quarter before re-entering bankruptcy, US Airways turned a 34 million dollar profit, and look at where they are now.
Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
 
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lightsaber
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RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 1:50 am

Quoting AirTran737 (Reply 1):
If they don't merge with US they will be here to stay.

 rotfl 

from the article (thread starter):
The Company's first quarter 2005 results include a net gain of $60.5 million associated with the Company's fuel hedging transactions.
Making profit the WN way! How hedged is HP for later in the year?
Excluding special items, which include the $48.9 million unrealized gain, the first quarter 2005 net loss would have been $10.8 million or $0.30 per diluted share. While not bad, isn't HP short on cash?

How did HP's cash situation change in the quarter? That's what's critical for them now.

Congrats to HP. No matter how an airline does it, a profit is critical right now.

Lightsaber
IM messages to mods on warnings and bans will be ignored and nasty ones will result in a ban.
 
stlgph
Posts: 11121
Joined: Tue Oct 12, 2004 4:19 pm

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 1:54 am

Quoting Lightsaber (Reply 8):
Congrats to HP. No matter how an airline does it, a profit is critical right now.

boosting employee morale goes a long long way.
if assumptions could fly, airliners.net would be the world's busiest airport
 
NWA1978
Posts: 66
Joined: Tue Dec 07, 2004 9:15 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 1:58 am

Quoting Lightsaber (Reply 8):
Making profit the WN way! How hedged is HP for later in the year?

I am curious about this as well. I would also like to know when the hedging actually started. What I mean is... how long ago did they make these deals? I dont understand how anyone in this day and age would enter into hedging, i dont mean the airline, I mean the other party.
 
flyboyaz
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Joined: Sat Sep 13, 2003 11:32 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 3:06 am

I agree that turning profits of any kind is critical at this point. I just listened to our webcast and we expect to make money in the 2nd quarter which is certainly good. Anything can happen of course, but they all seem to be confident that we are in a much better situation than most other airlines. I agree completely.
Catch a ride on a smile!
 
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lightsaber
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RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 4:28 am

Quoting Flyboyaz (Reply 11):
I just listened to our webcast and we expect to make money in the 2nd quarter which is certainly good.

Good to hear for HP. Has there been news on them increasing their cash position? While this isn't as much of a worry if HP is profitable, from what I've read HP is short on cash compared to what wall street would desire. Disclaimer: I'm not a financial expert.

Lightsaber
IM messages to mods on warnings and bans will be ignored and nasty ones will result in a ban.
 
N1120A
Posts: 26555
Joined: Sun Dec 14, 2003 5:40 pm

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 4:32 am

Quoting AS739X (Reply 4):
33 million made though a lot of debt to the goverment. Lets not get fooled people!

The debt is not to the government, it is guaranteed by the government.
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
 
flyboyaz
Posts: 2077
Joined: Sat Sep 13, 2003 11:32 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 5:21 am

Our CEO said if they needed more money, they could easily get it. He wasn't at all worried about it. He feels however, that we won't need to get additional financing at this time.
Catch a ride on a smile!
 
padcrasher
Posts: 1815
Joined: Tue Aug 10, 2004 6:17 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 8:39 am

Lots of underwhelming responses here. This is a remarkable accomplishment

Does anybody realize if you correct for 1x gains and hedging that America West would have lost less money than Southwest?

America West's route system is the most low yielding in the industry and their "engine" is outperforming Southwest. (Just that southwest gets their gas cheaper)
 
AirT85
Posts: 1241
Joined: Wed Aug 25, 1999 12:36 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 8:53 am

As a new resident of Phoenix, AZ...its great to see the hometown airline doing so well! Especially coming from Philadelphia - where the same cannot be said about that city's hometown carrier :-/

Anyway...kudos to America West. I wait tables and have met quite a few incredibly friendly AmWest employees along the way.

-Tony
Why would God make us all so different, if He wanted us to be the same?
 
masseybrown
Posts: 5459
Joined: Wed Dec 11, 2002 2:40 pm

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 1:57 pm

How hedged are they? Parker said they are 65% hedged for the rest of 2005 - I don't recall the number for 2006. But HP uses "cashless collars", which is supposedly a riskier strategy than SW uses. But they did fine with it this last quarter!
 
GQfluffy
Posts: 3072
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RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 2:07 pm

Quoting Padcrasher (Reply 15):
This is a remarkable accomplishment

 rotfl 

No kidding. I cringe everytime I see a pax getting off at my station who has connected on to us through HP. Odds are not in their favor that they will see their bag(s) on the bag carousel. Poor shmucks.  pray 

fluffy
This isn't where I parked my car...
 
Byrdluvs747
Posts: 2522
Joined: Thu Jul 15, 2004 5:25 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 3:54 pm

Quoting AS739X (Reply 4):
33 million made though a lot of debt to the goverment. Lets not get fooled people!

 Yeah sure

There goes AS739X hating on HP again.
The 747: The hands who designed it were guided by god.
 
cactusTECH
Posts: 204
Joined: Sun Apr 03, 2005 12:11 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 11:11 pm

Dough is doing a great job and we can see how maintenance department has gone a long way to improve reliabiliuty in our aircraft.. way to go HP
 
mtnmanmakalu
Posts: 493
Joined: Sat Nov 06, 2004 1:47 pm

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 11:19 pm

Good to hear, although if HP really has ANYTHING to do with a US merger, it will be the last time the word "profit" is in any of their reports!!!

mtnman  Wink
I do, I don't, whatever.......
 
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OzarkD9S
Posts: 5513
Joined: Tue Oct 23, 2001 2:31 am

RE: America West Posts Q1 Profit!

Thu Apr 21, 2005 11:36 pm

33 million? Isn't that roughly what US is worth these days?

Sorry...just had too.
"True, I talk of dreams,
Which are the children of an idle brain." -Mercutio
 
Bridogger6
Posts: 667
Joined: Sat Apr 02, 2005 11:21 am

RE: America West Posts Q1 Profit!

Fri Apr 22, 2005 12:47 am

Wow, did anyone see this coming? I certainly didn't. Way to go HP.. kind of sneaking in from behind. So now, the question is.. why do you need to go and merge with US? It shouldn't be necessary when you're currently doing just fine on your own, right?
 
WesternA318
Posts: 4603
Joined: Sun Oct 17, 2004 11:55 am

RE: America West Posts Q1 Profit!

Fri Apr 22, 2005 6:40 am

Way to go HP! I knew they could do it, now that management doesnt have the urge to blow all the money on a route (PHX-NRT) that doesnt make sense, or on planes that dont possibly fit the system (remember the 747s?). The kids in Tempe have finally gotten around to being a real airline. Good job!  relieved 

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