Is this right? $305 MILLION 2Q profit for USAirways?

[Sig]

The new US Airways Group, Inc. (NYSE: LCC) today reported a second quarter 2006 profit of $305 million or $3.25 per diluted share. This compares to a net loss of $3 million or $0.20 per diluted share for the same period last year. Results for the new US Airways Group’s second quarter 2006 are being compared to America West’s standalone results for second quarter 2005 due to the former US Airways Group and America West Holdings Corporation merger on Sept. 27, 2005

 

[iflyhigh]

Sig:

According to the newswire, the $305 million is correct for US Airways. Its great for them.

Lets see how the rest of the year goes.

iflyhigh

 

[BoilerUP]

But, but, but....PSA really needs to fly those 900s for their current payrates!!!

 

[FDJ2]

US Airways Group, Inc. Reports Second Quarter Profit of $305 Million
Thursday July 27, 8:00 am ET

Highlights of the new US Airways Group, Inc. second quarter 2006 results:

* Second quarter 2006 profit of $305 million or $3.25 per diluted share.

* Excluding special items, second quarter 2006 profit of $315 million or $3.35 per diluted share.

* The Company accrued $36 million, or 10 percent of its combined first and second quarter 2006 pre tax income excluding special items, for its annual employee profit sharing plan.

* The Company had $3.2 billion in total cash and investments, of which $2.2 billion was unrestricted, on June 30, 2006.
http://biz.yahoo.com/prnews/060727/lath004.html?.v=54

 

[Hutchman]

Great job! Hats off to Mesa and Republic................

 

[GCAP]

You think they could have made the payments to their pensions???????

 

[OnTheDole]

Concessionary contract here we come!

 

[jws717]

Great job! Hats off to Mesa and Republic................

you have class

 

[big_al]

you have class

no, its called wondering why "getting your share" only works out when you are an executive

 

[abefly]

Hey but we got 36 Million for profit sharing...So after Doud and the top dogs take 35 million of it what is 1 million divided by 35,000?????

 

[PA-22]

You think they could have made the payments to their pensions???????

Who knows if they could have made them or not, probably not since they were about to liquidate. The reality is that the NEW US Airways made 305 million.
Now, they should start a new pension plan for everyone (yeah sure).
Colt.