US Airways Group, Inc. Earnings Cheat Sheet: Profit Goes South

US Airways Group, Inc. (NASDAQ:LCC) reported its results for the second quarter. US Airways Group, Inc. is a holding company, whose main business activity is the operation of 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 Second Quarter

Results: Net income for US Airways Group, Inc. fell to $92 million (49 cents per share) vs. $279 million ($1.41 per share) a year earlier. This is a decline of 67% from the year earlier quarter.

Revenue: Rose 10.5% to $3.5 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: LCC reported adjusted net income of 56 cents per share. By that measure, the company fell short of mean estimate of 61 cents per share. Analysts were expecting revenue of $3.51 billion.

Quoting Management: US Airways Group, Inc. Chairman and CEO Doug Parker stated, “We are pleased to report a profit for the second quarter 2011 – particularly in spite of a 47percent year-over-year increase in fuel price. Overall demand for our services remained strong during the quarter with revenues up more than ten percent, while our mainline unit cost excluding special items, fuel and profit sharing increased only one percent. Looking forward, our team is doing an excellent job of managing through a challenging environment and we believe their efforts combined with continued capacity discipline, revenue management and cost discipline have us well positioned for the future.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 13.8%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 19.3% from the year earlier quarter.

The company fell short of forecasts after beating estimates in the previous two quarters. In the first quarter, it topped the mark by 8 cents, and in the fourth quarter of the last fiscal year, it was ahead by 11 cents.

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)