Originally Posted by
texaspilot76
Still all this talk of doom for US Air, yet they were the only legacy to post a profit this quarter. Maybe yall should start focusing on other airlines that are taking losses.
We're talking about the airline that just yesterday reported earnings of $58 million (42 cents/share) from fuel-hedging contracts; ie, unrealized gains. Take away the fuel hedging, and the airline operation lost $95 million, or 77 cents/share.
So, the airline lost $95 million flying airplanes, is discussing reducing their fleet by selling their EMB-190's (furloughs), corporate travel is down, RASM is down, and has few assets left to leverage.
I think we're focusing on the right airline. This is a thread about US Airways, after all.
And, oh yeah, they have two pilot groups that are like oil and water right now. Back to that discussion.