• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.
  • Logbook Pro for Apple iOS version 8.1 is now available on the App Store. Major update including signature endorsements and dark/light theme support. Click here to install now.

US Airways Reports Highest Annual Profit In Company History

Grandpa +65

Well-known member
Joined
Mar 1, 2006
Posts
315
Total Time
a lot
US Airways Reports Highest Annual Profit In Company History

Net Income excluding special items up 384 percent versus 2011
Highlights of US Airways Group, Inc.'s (the Company) fourth quarter and 2012 results:
- Full year 2012 net profit excluding net special items was a record $537 million, or $2.79 per diluted share. This is a 384 percent improvement over the Company's 2011 net profit of $111 million excluding net special items, or $0.68 per diluted share.
- Fourth quarter net profit excluding net special items was $46 million, or $0.26 per diluted share. This compares to a fourth quarter 2011 net profit excluding net special items of $21 million, or $0.13 per diluted share.
- The airline's employees earned approximately $61 million in profit sharing for the full year results, up 408 percent versus 2011, and an additional $19 million in operational incentive payouts through November.


http://finance.yahoo.com/news/us-airways-reports-highest-annual-130000776.html
 

N1atEcon

Well-known member
Joined
Nov 17, 2002
Posts
536
Total Time
18000
Good Job LCC! We as an industry need some good numbers from all carriers.
 

Mamma

Well-known member
Joined
Mar 29, 2005
Posts
2,802
Total Time
+1
What's wrong with $125/hr for the most senior 737/Airbus 3 series captains? US Air has 240 Airbus 319/320/321 aircraft and 32 737s. Lets say 10 captains per aircraft and average wage should be about $180/hr. Soooo, 272x10x$55,000 (lost per year) = $150,000,000. FOs....272x10x$25,000 (lost per year) = $75,000,000. That's $225,000,000 per year (plus or minus a couple million) the 320/737 guys give up....(did not include the rest of the pilots nor factor in AWA higher pay, but I'm just rounding here) to help out the shareholder and make DWI Parker look great! Thanks for all you do guys! Keep up the good fight.
 

kf4amu

Well-known member
Joined
Mar 31, 2005
Posts
3,074
Total Time
250
And if pay rates were that high the losses would have been that much greater and the company would have liquidated.

Which maybe should have happened anyway.
 

Flyer1015

Well-known member
Joined
Dec 13, 2004
Posts
4,502
Total Time
Moola
We're not talking about right away after 9/11 in the 2002-2004 era. We are talking about post AWA merger. The USAPA group in their quest for DOH and keeping the NIC award off property (and effectively a B scale for the foreseeable future) have screwed their own potential earnings and QOL. Of course US Airways posted a record profit. Their management is laughing all the way to the bank. Thanks USAPA, signed, management.
 

Mamma

Well-known member
Joined
Mar 29, 2005
Posts
2,802
Total Time
+1
"And if pay rates were that high the losses would have been that much greater and the company would have liquidated.

Which maybe should have happened anyway."


Losses? They just made over half a billion in profit! They would not have gone out of business. Everyone else is turning profits with wages up in this range. Anyway, this pay-scale is not a management problem....this is pilots kicking their own asses.
 

kf4amu

Well-known member
Joined
Mar 31, 2005
Posts
3,074
Total Time
250
"And if pay rates were that high the losses would have been that much greater and the company would have liquidated.

Which maybe should have happened anyway."


Losses? They just made over half a billion in profit! They would not have gone out of business. Everyone else is turning profits with wages up in this range. Anyway, this pay-scale is not a management problem....this is pilots kicking their own asses.

Someone has a short memory. Go look at the last 5 years and see how much profit they actually made. Those losses don't come out of employees paychecks, they come from the investors who kept usairways afloat. Absent a ROI that money wouldn't have been available, and with 150m year increased fixed costs...it's much less likely the money would have been given to usair to remain in business.
 

weasel_lips

Well-known member
Joined
Jan 21, 2006
Posts
474
Total Time
8500
There is no longer anything informative on this web board. Just the same dopes throwing the same insults back and forth no matter what the thread is about.
 

Skyboy722

Well-known member
Joined
Jan 1, 2005
Posts
446
Total Time
9500
And if that happens, we are, including you, all going to be screwed.

No Dude, we are all only a few bad decisions away, at any given time. The first mistake is thinking it can't happen here.

It is entirely possible to fail, independent of the industry, all on our own.
 

Monster Buck

Go bigger or die trying!
Joined
May 9, 2004
Posts
766
Total Time
10K+
Don't worry, your time in the barrel is coming.

I'm not a fan of Redflyer but this line of yours is pure bullshat. Its one thing to rag on the airlines with the wages that hurt all pilots but your comment reeks of someone who wants to see a highly paid pilot "get his" even if you didn't say it directly. Southwest has many facets but one thing is for sure their pay is very good and it HELPS all pilots.
 
Top