America West Airlines Inc (706270) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2007

America West Airlines Inc

CIK: 706270

Contact: Elise Eberwein
Highlights of the US Airways Group, Inc. (the Company) first quarter 2007 results:
    The Company reported a first quarter 2007 net profit of $66 million, or $0.70 per diluted share.
    Excluding special items, the Company reported a first quarter 2007 net profit of $34 million, or $0.37 per diluted share .
    The Company accrued approximately $4 million, or 10 percent of its first quarter 2007 pretax income excluding special items, for its annual employee profit sharing program.
    The Company had $3.3 billion in total cash and investments, of which $2.5 billion was unrestricted, on March 31, 2007
TEMPE, Ariz., Apr. 26, 2007 — US Airways Group, Inc. (NYSE: LCC) today reported its first quarter 2007 results. Net profit for the first quarter was $66 million, or $0.70 per diluted share, compared to a net profit before cumulative effect of change in accounting principle of $64 million, or $0.75 per diluted share for the same period last year. Excluding net credits from special items of $32 million, the Company reported a net profit of $34 million, or $0.37 per diluted share. This compares to a net profit, before cumulative effect of change in accounting principle of $5 million, or $0.05 per diluted share in the first quarter of 2006, which excludes net credits from special items of $59 million. See the accompanying notes in the Financial Tables section of this press release for a reconciliation of Generally Accepted Accounting Principles (GAAP) financial information to non-GAAP financial information
Chairman and CEO Doug Parker stated, “We are pleased to report a first quarter profit and an improvement in year-over-year earnings. This is particularly noteworthy given the first quarter was extremely difficult for us operationally. We were affected by two major storms that temporarily closed our Philadelphia hub and severely impacted our Northeast operations. Service disruptions also occurred during the quarter when we converted our two reservation systems to a single system.
“Our 36,000 employees are to be commended for their outstanding efforts, particularly our employees who work with customers at our airports and reservation call centers. Our team did a remarkable job of taking care of our customers during a challenging conversion. We still have work to do to ensure our people have the tools they need to


The following information was filed by America West Airlines Inc on Thursday, April 26, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate America West Airlines Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by America West Airlines Inc.


Assess how America West Airlines Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

America West Airlines Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2007 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools
CIK: 706270
Form Type: 10-Q Quarterly Report
Accession Number: 0000950134-07-009111
Submitted to the SEC: Thu Apr 26 2007 8:00:55 AM EST
Accepted by the SEC: Thu Apr 26 2007
Period: Saturday, March 31, 2007
Industry: Air Transportation Scheduled

External Resources:

Bookmark the Permalink: