US 3rd Quarter Results

[Move2CLT]

Should I buy the stock now?

You already got some advice. Now quit asking.

 

[MUTATIS MUTANDIS]

Should I buy the stock now?

Considering these BOZO's have a 1.14bil CITI loan due in 2years I would day trade it only!

 

[MUTATIS MUTANDIS]

OuBut before we begin, we must state that today’s call does contain forward-looking statements, including statements concerning future revenues and fuel prices. These statements represent our predictions and expectations as to future events, but numerous risks and uncertainties could cause actual results to differ materially from those projectedt of the coference call! Such as negotiations, arbitration's , ya think DOUG, & DERIK?

 

[SparrowHawk]

US Airways Performance Q3 - On a GAAP basis, the Company reported a net profit for the third quarter 2011 of $76 million, or $0.41 per diluted share on 3.4 Billion in Sales


Spirit Air - GAAP net income was $27.7 million, or $0.38 per diluted share on 288.7 million


The reason I posted this is for all of the supporters of the current Tempe Brain Trust to see first hand the financial performance of a company run largely by ex US Airways East folks compares to all that scary dessert talent. Also Bill Franke is Chairman of the BOD through 2014. Here's another tidbit for you Tempe Kool Aide drinkers. While Doug Parker is driving a spreadsheet, Ben Baldanza is busy growing a profitable enterprise.

At the end of the quarter, Spirit had no debt on its balance sheet. But Wait, there's more

During the quarter, Spirit completed negotiations with its largest credit card processor for the release of all credit card
holdbacks.

l In September 2011, Spirit opened a new professional learning center. Over the next four years, Spirit is planning to
double the size of its fleet and will be adding jobs to support the growth of its operation. The learning center will allow for
one convenient, centralized location to train new Spirit employees.

Where is US Airways organic growth? Oh wait there isn't any. Just sitting back watching the world go by waiting on a big merger pay day for those at the top while those at the bottom get screwed. Funny thing is Spirit's pay scale is almost equal to US's at least on the pilot side.

Judging from the results some of the folks at CCY knew how to run and GROW an airline, unlike the Bumb Dastards in Tempe

 

[algflyr]

US Airways Performance Q3 - On a GAAP basis, the Company reported a net profit for the third quarter 2011 of $76 million, or $0.41 per diluted share on 3.4 Billion in Sales


Spirit Air - GAAP net income was $27.7 million, or $0.38 per diluted share on 288.7 million

.....

.... Funny thing is Spirit's pay scale is almost equal to US's at least on the pilot side.

Those are impressive numbers from Spirit. And they only have 35 aircraft.

Sadly though, their pilots make more than US Airways pilots. They top out at 164/hr for Captains vs 160/hr for our A-330. As a side note, the Spirit pilots were making MORE than US BEFORE they went on strike a while back...

 

[FWAAA]

So not only do jetBlue E190 and A320 captains make more $$$ than US East pilots on the same equipment, but Spirit pilots make more money as well? US East pilots are giving new meaning to "cutting off nose to spite face."

 

[nycbusdriver]

So not only do jetBlue E190 and A320 captains make more $$$ than US East pilots on the same equipment, but Spirit pilots make more money as well? US East pilots are giving new meaning to "cutting off nose to spite face."

Yes. And the Spirit pilots are making more than the west pilots on the same equipment, too.

 

[Move2CLT]

Yes. And the Spirit pilots are making more than the west pilots on the same equipment, too.

So they make more than the west and the west makes more than the east which means Spirit makes WAY more than the east.

Did I get that right NYC?

Where's that contract USAPA promised you years ago?

 

[Iclubbabyseals]

Where's that contract USAPA promised you years ago?

The US pilots will get a contract only when the DUI king is good and ready, and not before. Had you any length of service worth a fig you would know that.

 

[Newman]

The NE is a high cost part of the country to do business... and precisely why US has to be very diligent in cost control given it is harder for it to generate revenue premiums elsewhere.
.
US' decision to not try to fight it out in NYC while strengthening DCA is a good step... expansion of low fare carriers in NYC is going to affect all of the market. DCA is alot less delay prone as well which affects costs. DL is counting on the increased mass it gains thru the slot swap to offset the increased competition that will come thru the diverstitures and the increased competition that will come to EWR as WN works thru its slots gained from the UA/CO merger.
.
Same reason we stayed out of the Northeast to Florida fare wars of the 1980's. The same fare wars that dragged down, EA, PA and Air Florida. During my res years (1983-85) Peoples Express was operating EWR-PBI nonstops at 99.00 ow. US service was via PIT and was more like 199.00-265.00 ow, choosing not to tie up seats they could sell at a higher rate to other cities