U.S. Airways Profit Projected to Soar

The past few years have been tough on airline stocks.  However there is word on the street that US Airways Group, Inc. (NYSE:LCC) may be slated to post a record profit for Q3 this year.  Seeking Alpha has the scoop.

Seeking Alpha - Coming next month AirlineFinancials.com estimates US Airways (NYSE:LCC) will report an all time record 3rd quarter profit of $225 million. The revenue projection for the same time period is $3.2 billion.

This record high profit and near record 3rd quarter revenue, follows US Airways 2nd quarter 2010 profit margin of 8.36%. When comparing the nine largest US airlines, Alaska’s (NYSE:ALK) 8.6% was the only profit margin higher than US Airways for the recent 2nd quarter.

Less than two years ago, US Airways reported a 3rd quarter loss of $242 million (including special items, the loss was $865 million). Toward the end of 2008, United (NASDAQ:UAUA) and US Airways were at the top of many analysts’ list of carriers that were most likely to join the growing graveyard of failed airlines.

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