True, AWA lost money in 2004. My statement was that going into the acquisition we had at least two successive quarters of profit. Things were improving. Your own "proof" against me does not dispute my statement. Just who is the illiterate? You can have the last word, as I am done responding to one who constantly pulls things out of his ass.
The merger was announced May 19 2005. AWA had a 1st quarter profit only because of fuel hedging. They lost money 2nd q 2005, which would include MAY 19 2005. How does that add up? Again, a loss 4th q'04, hedging only profit 1st q '05, loss 2nd q '05. I showed you the proof, show me I'm wrong. Are you saying I made those reports up? Or are just the memories in your head right? What do I need to define for you, profit or successive?
4th quarter 2004
America West reports $49.7 million loss in fourth quarter
PHOENIX (AP) — Burdened by high fuel costs and too many cheap fares in the market, the parent company of America West Airlines on Friday reported a fourth-quarter net loss of $49.7 million.
The loss amounted to $1.38 per share for the quarter that ended Dec. 31. By comparison, the company earned $6.8 million, or 13 cents per share, in the same quarter last year.
Chairman and Chief Executive Doug Parker said America West's difficulties were a reflection of the industrywide struggle with soaring jet fuel prices and too many seats competing for too few travelers, which keeps fares low.
"At this point, it appears 2005 will be another difficult year for the industry. Fuel prices are projected to remain high and despite the significant difficulties facing many carriers, a material reduction in domestic capacity has not yet occurred," he said in a written statement.
The quarterly loss was the second straight for America West Holdings, bringing the company's annual loss to $89.9 million, or $2.50 per share.
1st quarter 2005
Holdings recorded consolidated
net income of $33.6 million in the first quarter of 2005, or $0.62 per diluted share. This compares to a consolidated net loss of $1.6 million, or $0.04 per diluted share, in the first quarter of 2004. T
he 2005 results include $60.5 million net gains associated with the Company's fuel hedging transactions. (absent the hedging gain, they would have lost 26.9 million, but even so it's ONE quarter.
2nd quarter 2005
The new US Airways Group, Inc. today reported a second quarter 2006 profit of $305 million or $3.25 per diluted share.
This compares to a net loss of $3 million or $0.20 per diluted share for the same period last year. Results for the new US Airways Group's second quarter 2006 are being compared to America West's standalone results for second quarter 2005 due to the former US Airways Group and America West Holdings Corporation merger on Sept. 27, 2005.