US Airways Group Q3 Results Beat View - Quick Facts

(RTTNews) - US Airways (LCC) posted lower third-quarter GAAP net profit of $216 million, or $1.04 per share, versus $245 million, or $1.24 per share, in the same period in 2012. The recent quarter's results include a provision for income tax of $120 million, mainly comprising non-cash federal income tax expense, while the 2012 provision for income tax was only $1 million, according to the company.

As adjusted for special items, three-month earnings per share stood at $1.16. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $1.12 for the quarter. Analysts' estimates typically exclude one-time items.

For the quarter, pretax profit, excluding net special items, was $367 million, a 90%, year-over-year increase. On a GAAP basis, the firm reported quarterly pretax profit of $336 million, up from $246 million in the 2012 period.

Total operating revenues went up 9.1% year-over-year to $3.86 billion, from $3.53 billion, while 8 analysts estimated revenues of $3.84 billion for the latest quarter.

The company continues to make significant progress in its merger integration planning with American Airlines. Both companies are preparing for a vigorous defense of the merger, with the trial scheduled to begin on November 25.