Us Airways Group Third-quarter Loss Widens

[legacy-to-LCC]

i am unsure of appropriate documentation/crediting procedure so i will avoid posting the article and/or link; however, both cnn and nyt (via a stock quote search) are reporting the q3 earings report.

 

[fatherabraham]

The combined airline reported a net loss of $87 million, or $5.04 per diluted share, compared with $29 million, or $1.92 per diluted share, a year earlier.

 

[700UW]

UPDATE 2-US Airways Group third-quarter loss widens
Wed Nov 9, 2005 12:46 PM ET

(Adds details from conference call, analyst comment, outlook. Updates share price)
CHICAGO, Nov 9 (Reuters) - US Airways Group Inc. (LCC.N: Quote, Profile, Research) , formed from the merger of America West Airlines and US Airways, on Wednesday reported a wider third-quarter loss.

The combined airline reported a net loss of $87 million, or $5.04 per diluted share, compared with $29 million, or $1.92 per diluted share, a year earlier.

click for story

 

[DCAflyer]

Not at all surprising considering that U-East has massive administrative costs prosecuting the bankruptcy and that there are huge costs associated with the merger, and then there was the fuel cost whammy. Barring any more surprises, and assuming fuel costs come into check by early-mid 2006, I tend to agree with Doug that once facilities and systems are combined, we will see a profit by the end of 2006.

 

[TechBoy]

UPDATE 2-US Airways Group third-quarter loss widens
Wed Nov 9, 2005 12:46 PM ET

(Adds details from conference call, analyst comment, outlook. Updates share price)
CHICAGO, Nov 9 (Reuters) - US Airways Group Inc. (LCC.N: Quote, Profile, Research) , formed from the merger of America West Airlines and US Airways, on Wednesday reported a wider third-quarter loss.

The combined airline reported a net loss of $87 million, or $5.04 per diluted share, compared with $29 million, or $1.92 per diluted share, a year earlier.

click for story

Actually, if you look at the fine print, you will see that the results only include 4 days of US Airways results, so virtually all of the loss was AWA -- $23m after items. US lost $80m in addition before the merger closed.

$100m is not a huge gap to close, particularly if most of the merger efficiencies actually kick in. I suspect that we won't really know the answer to that until the first quarter of next year at the earliest.

 

[PropPiedmont]

Check out the stock. Even with a loss posted the stock is already up 6.5% today up to $33.40 per share.