Loss Predicted for 1st Qtr

[700UW]

BY THE NUMBERS: Analysts expect US Airways to report a loss of 16 cents per share in the quarter, according to Thomson Financial.

The company did not give guidance for first-quarter results, but expects to turn a profit for the full year, excluding merger costs. Analysts see a return to profit in the second quartrer and predict 2006 earnings of $3.79 per share.

Article

 

[BoeingBoy]

That's almost the same as the First Call consensus from 5/2/06. It calls for a loss of 17 cents/share in the 1st qtr (we'll find out tomorrow if that's right or not) and a profit of $3.69 for 2006.

FWIW, the First Call quarterly estimates for this year are - (0.17), $2.50, $1.55, and 0.30 per share. The 2007 estimate is $4.99/share.

Jim

 

[700UW]

To the mods, can you fix the thread title to 1st?

Thanks.

 

[brown]

To the mods, can you fix the thread title to 1st?

Thanks.

 

[JMM]

With jet fuel over 2 bucks a gallon, it is no shock that we will post a loss. IHMO, they will post a loss somehow until after all the bargaining is done then start reporting record earnings....

 

[desertgal]

IHMO, they will post a loss somehow until after all the bargaining is done then start reporting record earnings....

But of course!
That goes without saying.

 

[PHLflygirl]

Hmmmm... OK I'LL STATE THE OBVIOUS.... a loss for US but Republic which now has the "MidAtlantic Division" 170's and the former MidAtlantic routes are talking how well they're doing this year compared to last and now they're promoting PIT as a base....

 

[FWAAA]

Hmmmm... OK I'LL STATE THE OBVIOUS.... a loss for US but Republic which now has the "MidAtlantic Division" 170's and the former MidAtlantic routes are talking how well they're doing this year compared to last and now they're promoting PIT as a base....

That's solely because Republic, like most contract regionals, gets paid based on a fee-per-departure basis - without regard to revenue, with a complex formula designed to ensure Republic an operating margin of 8% to 10%.

Kinda difficult to not make money when your contract with US (and other mainline airlines) guarantees you a profit margin of 8% to 10%.

Sorry to be the bearer of the obvious, but Republic's results indicate NOTHING about how well US would be doing if it still had the 170s. That said, I'm not in favor of outsourcing what is essentially a mainline airplane to a crummy no-service regional.