Record Profit for US AirwaysJuly 26, 2012 By: Newswire Travel Agent
US Airways Group reported a record second quarter net profit excluding net special charges of $321 million. This is a 203 percent increase versus the company's second quarter 2011 net profit excluding net special charges of $106 million.
On a GAAP basis, the company reported record net profit for the second quarter 2012 of $306 million. This is 233 percent above the second quarter 2011 net profit of $92 million and the highest quarterly profit in company history, US Airways said.
Chairman and CEO Doug Parker stated, "We are extremely pleased to report the highest quarterly profit in our company's history. Consumer demand for our product remained strong during the second quarter, resulting in record revenue, passenger yields and unit revenue performance.
"These financial and operating results are not only the best in US Airways' history but also among the very best in the industry, proving that US Airways is well-positioned for the remainder of 2012 and beyond," concluded Parker.