HPRamper
Topic Author
Posts: 4962
Joined: Sat May 14, 2005 4:22 am

US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 10:01 pm

http://www2.usairways.com/awa/conten...vestorrelations/pressreleases.aspx

Looks like special items really didn't hurt profits to any large extent. This is great news for US  Smile
 
musapapaya
Posts: 1004
Joined: Mon Apr 05, 2004 10:02 am

RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 10:15 pm

Great news - now people please stop saying that US airways is poor...
Lufthansa Group of Airlines
 
kcrwflyer
Posts: 2614
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RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 10:19 pm

Great job US Airways.
 
BishopOfPHL
Posts: 104
Joined: Fri Apr 30, 2004 10:35 am

RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 10:57 pm

Sweeeeet. I feel like we're in the twilight zone or something with all these airlines reporting profits!
 
cltguy
Posts: 544
Joined: Fri Sep 24, 2004 10:54 pm

RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 10:57 pm

And looks like the employees will be getting a nice profit sharing check as well. Congrats for a job well done!

Now hopefully they can invest some of that money and continue to make it a better airline.
 
Aviator27
Posts: 332
Joined: Wed Feb 01, 2006 1:09 pm

RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 11:06 pm

US Airways has always been one of my favorite airliners. I am glad to see them posting a profit. No one should forget the sacrifices that many employees made in regards to pay/benefit concessions. American, Continental, Alaska, US Airways, Southwest, JetBlue, and United.
 
MalpensaSFO
Posts: 1110
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RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 11:13 pm

Way to go US Airways....


Now we all know who the real comeback kid is!
TO FLY IS TO SERVE
 
ANCFlyer
Posts: 21391
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RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 11:21 pm

Well done . . . welldone indeed US.




Maybe they can fix the computer and res systems now  irked 
FOR THOSE THAT FOUGHT FOR IT, FREEDOM HAS A FLAVOR THE PROTECTED WILL NEVER KNOW OR UNDERSTAND
 
flyboyaz
Posts: 2077
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RE: US Airways Reports $305 Million Profit For Q2

Thu Jul 27, 2006 11:23 pm

Awesome news! I'm very excited. Nice to see that each separate airline (HP/US) reported profits on their own as well.

Quoting ANCFlyer (Reply 7):
Maybe they can fix the computer and res systems now

Hehe...they're working on it.  Smile
Catch a ride on a smile!
 
richierich
Posts: 3599
Joined: Sat Nov 04, 2000 5:49 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 12:02 am

Its amazing what some time in BK and a little merger can do for the bottom line!  Wink

Seriously, its about time there was some good financial news for US Airways. I'm happy for them.
None shall pass!!!!
 
US AIRWAYS
Posts: 455
Joined: Wed May 19, 1999 9:56 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 1:21 am

Can't wait to get that little bonus in my check. It's all smiles around the system today!
Go Eagles!
 
toltommy
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 1:24 am

Quoting Musapapaya (Reply 1):
Great news - now people please stop saying that US airways is poor...

A few profitable quarters does not make a healthy airline. Obviously moving in the right direction, but if we lose focus, we'll be right back there.
A300/A310/A319/A320/A321/A332/A333/707/712/727/732/733/734/735/738/739/752/753/762/763/764/772/789/DC8/DC9-10/30/40/50/MD81/83/87/88/90/L1011-/250/500/CRJ200/440/700/900/EMB135/140/145/170/175/190/328Jet/F70/SF3/BE1/J31
 
mush
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 3:24 am

Quoting US AIRWAYS (Reply 10):
Can't wait to get that little bonus in my check.

Not to get to personnel about how much money you make, but would you mind telling us how much you will be getting? Actually, what I want to know is will everybody be getting the same $$$ or will more senior employees get a higher bonus or is the bonus a percentage of your current payrate? I'm asking because US employees have given up a great deal over the past few years and I was just wondering what they would be getting back.

If you don't want to tell how much it's cool.

Quoting US AIRWAYS (Reply 10):
It's all smiles around the system today!

After all of the troubles (Comair, BK, etc.) it's nice to hear some good news. I fly US out of PHL sometimes and they have always been professional.

Mush
Sprung from cages out on highway 9
 
777STL
Posts: 2770
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 3:27 am

Quoting TOLtommy (Reply 11):
A few profitable quarters does not make a healthy airline. Obviously moving in the right direction, but if we lose focus, we'll be right back there.

Indeed. It wouldn't take them long to burn through that if they were ailing.
PHX based
 
Tbird
Posts: 801
Joined: Wed Oct 31, 2001 3:09 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 3:37 am

Quoting TOLtommy (Reply 11):
A few profitable quarters does not make a healthy airline. Obviously moving in the right direction, but if we lose focus, we'll be right back there.

No but U.S is one of the healthiest airlines in the U.S today. They just got a improved debt rating, and they also improved their borrowing power dramatically. This profit only helps to boost investor confidence in their business plan. Doug Parker and his team did a fantastic job at making a new U.S Airways. I wager to say without AWA's buyout U.S wouldn't be around today.
 
ak
Posts: 48
Joined: Sat May 27, 2006 3:10 pm

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 3:45 am

Congrats to US and all their employees!
" I am serious...and don't call me Shirley!
 
WesternA318
Posts: 4603
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 3:57 am

Congrats to US and the incredible management team that's bringing everything together...now if they can just FIX the res systems! *wink wink nudge nudge ANCFlyer*
 
KarlB737
Posts: 2765
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 4:46 am

Somewhat related good news...................

Courtesy: MarketWatch

USAirways, America West Pilots Committed To Reaching Deal

http://www.marketwatch.com/News/Stor...606A80963%7d&siteid=yhoo&dist=yhoo
 
KarlB737
Posts: 2765
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 4:51 am

Press Release Source: Air Line Pilots Association, Int'l

US Airways, America West Pilots Respond to Company Second Quarter Earnings Report
Thursday July 27, 2:57 pm ET

PHOENIX, July 27 /PRNewswire/ -- As US Airways (NYSE: LCC - News) management today announced a $305 million profit for the second quarter 2006, the pilots of America West and US Airways reaffirmed their commitment for a forward- moving collective bargaining agreement that would enable US Airways to achieve millions of dollars in synergies created by the merger of the two airlines.

The America West and US Airways pilots, who are represented by the Air Line Pilots Association, Int'l (ALPA), provided their management teams with billions of dollars in cost savings to ensure the viability of their respective airlines. The contributions of both pilot groups, as well as those made by other employee groups, enabled the successful merger of America West and US Airways. The level of this success has been documented by US Airways Group Chairman, President and CEO Doug Parker, who has stated that US Airways' second quarter profit is the highest among the major hub-and-spoke airlines.

As US Airways continues to post record profits, the pilots of US Airways and America West have been in negotiations with management for nearly nine months to attain a single collective bargaining agreement that recognizes the pilots' contributions and the magnitude of their role in US Airways' turnaround.

"During these negotiations, the America West pilots expect to increase our compensation, enhance our retirement and benefits, and improve our working conditions. Anything less is unacceptable," said Captain JR Baker, Chairman of the America West Master Executive Council (MEC). "The America West and US Airways pilots have each contributed decades of superior service, always supporting our respective companies through bad times, and we intend to share in the success of the new US Airways moving forward."

"US Airways continues to post substantial profits on the backs of the pilots of US Airways and America West, and this will no longer be tolerated. We have been patient for some time, but with each instance of greater fiscal success, this pilot group expects commensurate returns. We are demanding contractual improvements in all areas of our bankruptcy-era contract which will reflect our investment in this corporation," said Captain Jack Stephan, chairman of the US Airways MEC. "We have in no uncertain terms told management that our pilots will only ratify an agreement that recognizes our investment in the airline and rewards our pilots for their sacrifices. If US Airways management intends to capture all the planned synergies of this merger and to have any chance of enjoying labor peace, bankruptcy-era bargaining tactics need to end."

Before the merger was completed, the pilots negotiated and implemented a Transition Agreement to provide key building blocks for the negotiation of a single collective bargaining agreement, an orderly seniority integration process, and integration of the two separate airline operations. Until these three requirements are met, the new US Airways cannot fully capitalize upon the synergies it promised investors.

If joint negotiations do not proceed constructively toward a single agreement, the America West pilot group may enter into separate negotiations with US Airways. Such negotiations would result in a traditional collective bargaining process between US Airways management and the America West pilot group. Under the Railway Labor Act, the America West pilots' agreement becomes amendable December 30, 2006.

Founded in 1931, ALPA represents 62,000 pilots at 39 airlines in the U.S. and Canada. Visit the ALPA website at http://www.alpa.org.

--------------------------------------------------------------------------------
Source: Air Line Pilots Association, Int'l
 
US AIRWAYS
Posts: 455
Joined: Wed May 19, 1999 9:56 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 9:37 am

It all depends where you work. For salaried employees above a certain grade it could end up being anywhere from 5-10% of your salary, so it also depends on what your current salary is. I'm not sure how it's spread out systemwide though.
Go Eagles!
 
steeler83
Posts: 7650
Joined: Sat Feb 25, 2006 2:06 pm

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 10:20 am

Great to hear for US! I read in the PostGazette that they posted a profit, but at $350 million for Q2??!!!! That is HUUUUUUGE!!! Awesome to hear that US is back in the black, FIRMLY! Big grin  praise 
Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
 
aircanada014
Posts: 1224
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 10:58 am

Well done to all employees of US Airways. Can you imagine now they will be as good as CO in terms of sales and profit?. Although US still smaller than CO in terms of destinations and rpm and other stuff. It would be nice to see US expand further to South America and Europe and start flying to ASIA unless they want to rely on UA and AC plus the Star Alliance partners in ASIA.
I don't know how many destinations in Europe they serve but would be nice they continue expanding further out there. I know they don't fly in southern hemisphere to South America but would be nice to see them down there. I guess they will have to wait until they receive their new A350XWBs. I wonder when we'll hear AC result?
 
JetBlueGuy2006
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 11:21 am

Way to go US Airways!!!!!! Keep it up
Home Airport: Capital Region International Airport (KLAN)
 
Cactus739
Posts: 2256
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 11:50 am

Great job US..... now just keep doing it Q after Q!

 coffee 
You can't fix stupid.... - Ron White
 
mkirch72
Posts: 152
Joined: Sat Aug 20, 2005 10:00 pm

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 12:31 pm

Quoting Musapapaya (Reply 1):
now people please stop saying that US airways is poor...

Except that the condition of their aircraft is still poor, the attitude of their employees is still poor, and their baggage handling is poor (especially in PHL).

Yes - from a numbers perspective they have done quite well. But as a simple passenger who flies frequently, they have a LOT of work to do. Hopefully a small portion of these profits will be used to clean up some of their disgusting airplanes.
 
PSA727
Posts: 845
Joined: Mon Feb 06, 2006 7:49 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 1:36 pm

Congratulations to everyone at US.

Even if there is a Q4 loss posted, the year will end in the black. I hope
Q3 is just as successful as Q2.

Now there is sufficient capital to refurbish the 762s this winter, as well
as upgrading the 757 trans-Atlantic fleet. Not to forget the scrubbing
some of the 733s and 734s kind of need. After that, US will definitely
have a competitive, quality product.
fly high, pay low...Germanwings!
 
HPRamper
Topic Author
Posts: 4962
Joined: Sat May 14, 2005 4:22 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 1:54 pm

Quoting Mkirch72 (Reply 24):
Except that the condition of their aircraft is still poor, the attitude of their employees is still poor, and their baggage handling is poor (especially in PHL).

Yes - from a numbers perspective they have done quite well. But as a simple passenger who flies frequently, they have a LOT of work to do. Hopefully a small portion of these profits will be used to clean up some of their disgusting airplanes.

On the contrary. Not ALL their employees have poor attitudes.

And their aircraft are going to be worked on fall/winter.
 
masseybrown
Posts: 5397
Joined: Wed Dec 11, 2002 2:40 pm

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 2:19 pm

Quoting ANCFlyer (Reply 7):
Maybe they can fix the computer and res systems now irked

Listen to the conference call available on their website. Lots of discussion about this.
 
ANCFlyer
Posts: 21391
Joined: Mon Nov 15, 2004 3:51 pm

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 2:38 pm

Quoting MasseyBrown (Reply 27):
Listen to the conference call available on their website. Lots of discussion about this.

Sorry I obviously missed it . . . . would have found that to be interesting.

Once again - congrats to US . . .

Now FIX the blasted RES SYSTEM!  irked 
FOR THOSE THAT FOUGHT FOR IT, FREEDOM HAS A FLAVOR THE PROTECTED WILL NEVER KNOW OR UNDERSTAND
 
Lt-AWACS
Posts: 2120
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 2:48 pm

So according to that release US airways made US$246 million and American West made US$68 million? Am I reading the bottom portion correctly? Bloomberg had a similar ticker up this morning and I was just curious.

Congrats to US Airways group!

Ciao, and Hook 'em Horns,
Capt-AWACS, I live for jet lag
Io voglio fica ogni giorni da mia bella moglie!
 
captaink
Posts: 4010
Joined: Wed May 23, 2001 10:43 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 3:09 pm

Quoting Mkirch72 (Reply 24):
Except that the condition of their aircraft is still poor, the attitude of their employees is still poor, and their baggage handling is poor (especially in PHL).

Goodness i was waiting for someone to say it. Anyhow while they do have more work to do in terms of customer service I am yet to experience the terrible service that some people talk of. The paint on some of the baby boeings are pretty bad, but I have seen worse insides. Baggage problems at PHl, that is indeed a problem.

Congrats to US Airways, alot of work was done, and still there is more to be done. Keep up the good work, and keep flying high.
Look Up
 
mah584jr
Posts: 423
Joined: Thu Mar 23, 2006 2:35 pm

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 3:33 pm

It's really great to see US post such a significant profit. It's been a long time since i've seen US do well; and for me, that's satisfaction enough at this point. There are still many issues left that must be resolved, but they will come with time.
 
belizexp
Posts: 273
Joined: Mon Dec 12, 2005 1:56 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 10:13 pm

Congrats to US and staff I hope this trend cont. for all the major airlines...
Belize my home sweet home...
 
787kq
Posts: 379
Joined: Wed Mar 08, 2006 6:52 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 10:26 pm

Quoting TOLtommy (Reply 11):
A few profitable quarters does not make a healthy airline.

Absolutely, especially seeing the following...

Quoting KarlB737 (Reply 18):
The America West and US Airways pilots, who are represented by the Air Line Pilots Association, Int'l (ALPA), provided their management teams with billions of dollars in cost savings to ensure the viability of their respective airlines.

Doesn't ALPA realize the employees work for the owners and not management?

Quoting KarlB737 (Reply 18):
As US Airways continues to post record profits, the pilots of US Airways and America West have been in negotiations with management for nearly nine months to attain a single collective bargaining agreement that recognizes the pilots' contributions and the magnitude of their role in US Airways' turnaround.

So take all the profits -- again -- because they have the market power to do so since they are not easily replaced. With the cost of leaving the planes on the ground higher than the cost of giving the profits away, it make more sense to increase the salaries.

Airlines remain a tough investment because of the above.

Quoting KarlB737 (Reply 17):
Somewhat related good news...................

How is this good news?
 
flyboyaz
Posts: 2077
Joined: Sat Sep 13, 2003 11:32 am

RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 10:30 pm

Quoting 787KQ (Reply 33):
How is this good news?

How is it not good news? They are committed to working together to strike a deal. Sounds like good news to me.

Everyone at work is buzzing about the profit sharing. We haven't seen that in a few years. We're all very excited....I can imagine the East employees are even more excited!
Catch a ride on a smile!
 
User avatar
Revelation
Posts: 21781
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RE: US Airways Reports $305 Million Profit For Q2

Fri Jul 28, 2006 11:52 pm

Quoting KarlB737 (Reply 17):
USAirways, America West Pilots Committed To Reaching Deal

Yes, but what kind of deal?

Quoting KarlB737 (Reply 18):
"US Airways continues to post substantial profits on the backs of the pilots of US Airways and America West, and this will no longer be tolerated. We have been patient for some time, but with each instance of greater fiscal success, this pilot group expects commensurate returns. We are demanding contractual improvements in all areas of our bankruptcy-era contract which will reflect our investment in this corporation," said Captain Jack Stephan, chairman of the US Airways MEC. "We have in no uncertain terms told management that our pilots will only ratify an agreement that recognizes our investment in the airline and rewards our pilots for their sacrifices. If US Airways management intends to capture all the planned synergies of this merger and to have any chance of enjoying labor peace, bankruptcy-era bargaining tactics need to end."

Oh, that kind of a deal!  Angry  grumpy   irked   thumbsdown 
Wake up to find out that you are the eyes of the world
The heart has its beaches, its homeland and thoughts of its own
Wake now, discover that you are the song that the morning brings
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787kq
Posts: 379
Joined: Wed Mar 08, 2006 6:52 am

RE: US Airways Reports $305 Million Profit For Q2

Sat Jul 29, 2006 2:38 am

Quoting Flyboyaz (Reply 34):
How is it not good news? They are committed to working together to strike a deal. Sounds like good news to me.



Quoting KarlB737 (Reply 18):
US Airways continues to post substantial profits on the backs of the pilots of US Airways and America West, and this will no longer be tolerated.

Sounds like a threat not a commitment to work together. See Revelation's post above.
 
A330323X
Posts: 2666
Joined: Thu Oct 09, 2003 4:06 pm

RE: US Airways Reports $305 Million Profit For Q2

Sun Jul 30, 2006 10:27 am

Quoting Mush (Reply 12):
Not to get to personnel about how much money you make, but would you mind telling us how much you will be getting? Actually, what I want to know is will everybody be getting the same $$$ or will more senior employees get a higher bonus or is the bonus a percentage of your current payrate?

It'll vary depending on work group.

For instance, here is the language from the US-IAM/Fleet Service agreement:

1. Company profit sharing pool to be established at 10% of the pre-tax profit excluding unusual items (as reported, according to GAAP accounting practices) for pre-tax margins ranging from 0.1% to 5.0%; and at the above, plus 25% of any pre-tax profit excluding unusual items (as reported, according to GAAP accounting practices) in excess of a pre-tax margin of 5.0%.
2. IAM’s portion of the profit-sharing pool will be proportionate to IAM’s share of the overall cost savings achieved through the Transformation Plan.
3. An individual Fleet Service employee’s profit-sharing payment will be based on such employee’s gross W-2 earnings (prior to any elective deferrals) for the prior calendar year divided by the gross W-2 earnings (prior to any elective deferrals) for all eligible Fleet Service employees for the prior calendar year. At IAM’s option, “eligible Fleet Service employee” may include retired or furloughed Fleet Service employees who had gross W-2 earnings (prior to any elective deferrals) for the prior calendar year, subject to applicable law.


And here is the language from the US/HP-ALPA transition agreement:

The Plan of Reorganization of US Airways Group will provide for profit sharing for pilots employed by US Airways and America West and then by the Single Carrier as follows.
1. A profit sharing pool, based on the consolidated profits of US Airways Group, to be established at 10% of the pre-tax profit excluding unusual items (as reported, according to GAAP accounting practices) for pre-tax margins ranging from 0.1% to 10%; and at the above, plus 15% of any pre-tax profit excluding unusual items (as reported, according to GAAP accounting practices) in excess of a pre-tax margin of 10%.
2. The portion of the profit sharing pool allocated to pilots of US Airways and America West will be no less than 36%.
3. Profit sharing will be paid to each pilot who was employed by US Airways or America West during the year in which the profit was earned based on a formula for distribution to be determined by the Association.


Note that some of the HP workgroups have contract language that does not provide for profit-sharing.

Quoting Lt-AWACS (Reply 29):
So according to that release US airways made US$246 million and American West made US$68 million? Am I reading the bottom portion correctly?

Aside from the name of one of the carriers, yes, that's correct.  Smile
I'm the expert on here on two things, neither of which I care about much anymore.

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