US Airways Group Inc. Earnings Cheat Sheet: Profit Decreases

US Airways Group Inc. (NYSE:LCC) reported its results 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 Earnings Cheat Sheet for the Third Quarter

Results: Net income for US Airways Group Inc. fell to $76 million (41 cents per share) vs. $240 million ($1.22 per share) a year earlier. This is a decline of 68.3% from the year earlier quarter.

Revenue: Rose 8.1% to $3.44 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: LCC reported adjusted net income of 51 cents per share. By that measure, the company beat the mean estimate of 50 cents per share. Analysts were expecting revenue of $3.43 billion.

Quoting Management: US Airways Group, Inc. Chairman and CEO Doug Parker stated, “We are pleased to report a third quarter 2011 profit, particularly given the 44 percent year-over-year increase in fuel price. Customer demand continues to be strong as evidenced by the highest third quarter revenue and total revenue per ASM in Company history.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 10.5% to $3.5 billion in the second quarter. The figure rose 11.7% in the first quarter from the year earlier and climbed 10.7% in the fourth quarter of the last fiscal year from the year-ago quarter.

The company topped expectations last quarter after falling short of forecasts in the second quarter with net income of 56 cents versus a mean estimate of net income of 59 cents per share.

Looking Forward: The average estimate for the fourth quarter is down from a loss of 9 cents per share ninety days ago to a loss of 24 cents, indicating that analysts are increasingly pessimistic about the company’s next quarter performance. The average estimate for the fiscal year is 29 cents per share, down from 41 cents ninety days ago.

Competitors to Watch: Delta Air Lines, Inc. (NYSE:DAL), AMR Corporation (NYSE:AMR), Southwest Airlines Co. (NYSE:LUV), JetBlue Airways Corp. (NASDAQ:JBLU), Alaska Air Group, Inc. (NYSE:ALK), United Continental Hldgs., Inc. (NYSE:UAL), Republic Airways Hldgs. Inc. (NASDAQ:RJET), AirTran Holdings, Inc. (NYSE:AAI), Hawaiian Holdings, Inc. (NASDAQ:HA), and Pinnacle Airlines Corp. (NASDAQ:PNCL).

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(Source: Xignite Financials)