US Airways Group Earnings: Earnings Fly Higher Than Expected

US Airways Group Inc. (NYSE:LCC) reported net income above Wall Street’s expectations for the third quarter. US Airways Group is a holding company that operates a major network air carrier through its wholly owned subsidiaries US Airways, Piedmont, PSA, MSC, and Airways Assurance Limited.

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US Airways Group Inc. Earnings Cheat Sheet

Results: Net income for US Airways Group Inc. rose to $245 million ($1.24 per share) vs. $76 million (41 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year-earlier quarter.

Revenue: Rose 2.8% to $3.53 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: US Airways Group Inc. beat the mean analyst estimate of 92 cents per share. It fell short of the average revenue estimate of $3.75 billion.

Quoting Management: “Looking forward, the revenue environment remains strong. As evidenced by these outstanding financial and operational results, US Airways is extremely well-positioned for the remainder of 2012 and beyond,” concluded Parker.

Key Stats:

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 6 cents in the second quarter, by 10 cents in the first quarter, and by 12 cents in the fourth quarter of the last fiscal year.

Revenue has increased for four quarters in a row. Revenue increased 7.2% to $3.75 billion in the second quarter. The figure rose 10.3% in the first quarter from the year earlier and climbed 8.5% in the fourth quarter of the last fiscal year from the year-ago quarter.

Looking Forward: For the next quarter, analysts are growing pessimistic about the company’s expected results. The average estimate for the fourth quarter is now a loss of 11 cents per share, down from a profit of 46 cents ninety days ago. The average estimate for the fiscal year is $2.40 per share, down from $3.16 ninety days ago.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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