US Airways posts record 2d quarter profit

FILE - In this Jan. 15, 2012 file photo, US Airways CEO and Chairman Doug Parker applauds the crew of flight 1549 in New York. Since American's parent AMR Corp. filed for bankruptcy last November, Parker has been aggressively promoting a combination of the two airlines as the only way to save American. Parker has championed the idea on Wall Street, in the media and lined up support from the three labor unions at American. Investors have treated the possibility as a near inevitability, pushing shares of US Airways Group Inc. up 160 percent over the past seven months. (AP Photo/Stephen Chernin)
FILE - In this Jan. 15, 2012 file photo, US Airways CEO and Chairman Doug Parker applauds the crew of flight 1549 in New York. Since American's parent AMR Corp. filed for bankruptcy last November, Parker has been aggressively promoting a combination of the two airlines as the only way to save American. Parker has championed the idea on Wall Street, in the media and lined up support from the three labor unions at American. Investors have treated the possibility as a near inevitability, pushing shares of US Airways Group Inc. up 160 percent over the past seven months. (AP Photo/Stephen Chernin) (Stephen Chernin)
Posted: July 26, 2012

US Airways reported record second-quarter profit Wednesday, posting a net profit of $306 million for the three-month period ending June 30, compared with $106 million for the same period in 2011.

US Airways is the largest carrier at Philadelphia International Airport.

"Consumer demand for our product remained strong during the second quarter, resulting in record revenue, passenger yields and unit revenue performance," CEO Doug Parker said in a statement. "These results speak volumes about the collective efforts of our 32,000 employees, who continue to run an outstanding airline for our customers. Thanks to their hard work, we have set numerous company records in operating reliability, including our best-ever year-to-date performance in on-time arrivals, baggage handling and completion factor."

The bottom line was aided by lower fuel prices. Total average fuel price per gallon fell 3.5 percent versus last year, to $3.18 per gallon, the airline said


Contact Paul Nussbaum at 215-854-4587 or pnussbaum@phillynews.com

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