US Airways Group Earnings: Here’s Why Shares are Popping Now

US Airways Group, Inc. (NYSE:LCC) delivered a profit and beat Wall Street’s expectations, AND met the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.8%.

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US Airways Group, Inc. Earnings Cheat Sheet

Results: Net income increased 105.56% to $37 million (26 cents per diluted share) in the quarter versus a net gain of $18 million in the year-earlier quarter.

Revenue: Rose 3.96% to $3.28 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: US Airways Group, Inc. reported adjusted net income of 26 cents per share. By that measure, the company beat the mean analyst estimate of $0.19. It met the average revenue estimate of $3.28 billion.

Quoting Management: “Our team members produced the best operating reliability performance in our history -which is no easy feat since US Airways led all network carriers in on-time performance from 2008-2011. But in 2012, we did even better with record highs in on-time performance, completion factor and baggage handling. This helped lead to our best ever annual results in total revenue, total traffic, mainline load factor, mainline yield and mainline revenue,” said Chairman and CEO Doug Parker.

Key Stats:

Revenue decreased 7.16% from $3.53 billion in the previous quarter. Net income decreased 84.9% from $245 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0 to a profit $0.05. For the current year, the average estimate has moved up from a profit of $2.46 to a profit of $2.71 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)