US Airways Group posted a "record" fourth-quarter net profit of $37 million, more than double the result from a year earlier, despite a $35 million negative impact from Hurricane Sandy.
Passenger revenue increased by 4%. For full-year 2012, the company reported a $637 million net profit, up from $71 million in 2011.
Excluding special items, the full-year profit more than quadrupled to a "record" $537 million.
US Airways attributed the performance partially to "a strong demand environment and record passenger yields."
Chairman and CEO Doug Parker in a statement noted "record highs in on-time performance, completion factor and baggage handling."
He added that US Airways stock during 2012 jumped 166%, "the largest increase of any company in the Fortune 500." Source: Business Travel News