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eTurboNews : US Airways reports highest annual profit in company history
Turism&Travel , the Company had $2.

71 billion in total cash and investments, of which $336 million was restricted, up from $2.31 billion, of which $365 million was restricted on December 31, 2011.

Special Items

The Company recognized approximately $9 million of net special items in the fourth quarter, which are primarily related to corporate transaction and auction rate securities arbitration costs.

Notable Accomplishments

Marketing and Customer Enhancements

Announced the return of seasonal service between the Company's international gateway at Philadelphia International Airport and Shannon, Ireland.

Announced new service from Charlotte, N.C. to London's Heathrow Airport and Sao Paulo, Brazil.

Launched a new codeshare agreement with Avianca, expanding access for customers throughout Colombia. The Company also expanded its current codeshare with TACA International Airlines and launched a new codeshare with South African Airways.

Completed the installation of GogoÂź inflight Wi-Fi internet service on Embraer E170 and E175 aircraft. Wi-Fi is now on more than 80 percent of US Airways' Embraer and Airbus narrow-body aircraft.

Operational Achievements

Achieved new monthly baggage performance records for 12 consecutive months since Dec. 2011.

Wholly-owned subsidiary PSA Airlines became the first regional airline to achieve the highest level of the Federal Aviation Administration's Safety Management System.

Financial Accomplishments

Completed an enhanced equipment trust certificate offering in the aggregate face amount of $546 million. The proceeds will primarily be used to finance the purchase of eleven Airbus aircraft scheduled to be delivered from May 2013 to October 2013.

Recognized by Institutional Investor Magazine as one of its most honored companies in 2013, including the top investor relations department in the airline industry.

Corporate Citizenship

Raised a record $1.46 million for United Way with annual "Hope Takes Flight" campaign.

Launched BE PINK partnership with American Cancer Society's Making Strides Against Breast Cancer (MSABC) and raised $200,000 through uniform and merchandise sales and MSABC walks.

Awarded $170,000 in US Airways Education Foundation Grants to non-profits in Washington, Charlotte, Philadelphia and Phoenix.

Honored 85 top flight attendants for exceptional customer service and recognized the contributions of three with more than 50 years of service at the annual "InFlight Service Champions" dinner in Phoenix.

Publicat de: eTurboNews
Vineri, 25 Ianuarie 2013 - 04:15 PM

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