US Airways Q2 Profit Slips - Quick Facts

(RTTNews) - US Airways' (LCC) second-quarter 2013 GAAP net profit slid to $287 million, or $1.40 per share, from last year's $306 million, or $1.54 per share, in the previous year, adversely impacted by a non-cash provision for income tax of $67 million. Excluding net special items, quarterly net profit amounted to $324 million, or $1.58 per share. The latest period's adjusted net profit was hurt by a non-cash provision for income tax of $85 million. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $1.51 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the period were $3.87 billion, up 2.9 percent versus $3.75 billion in the second quarter 2012 on a 3.4 percent increase in total available seat miles or ASMs. Analysts estimated revenues of $3.84 billion for the quarter. Total revenue per ASM was 16.22 cents, down 0.5 percent versus the prior year, driven by a 2.8 percent drop in passenger yield, offset by a record quarterly load factor of 85.1 percent.