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US Airways chalks up record profit
US Airways reported its fourth quarter and 2012 financial results this week.
The company, widely seen as the new merger partner of American Airlines, reported a record net profit of $537 million.
US Airways CEO, Doug Parker raved, "We couldn’t be happier with the performance of US Airways in 2012. Our 32,000 hard-working team members did a phenomenal job of running a safe and reliable airline for our customers and these record financial results are the result of their efforts.
"Our team members produced the best operating reliability performance in our history -which is no easy feat since US Airways led all network carriers in on-time performance from 2008-2011. But in 2012, we did even better with record highs in on-time performance, completion factor and baggage handling. This helped lead to our best ever annual results in total revenue, total traffic, mainline load factor, mainline yield and mainline revenue."
Parker concluded his statement on the windfall by saying the airline’s stock had scored the largest increase of any company in the Fortune 500 in 2012.
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