Top Gas Utility Companies To Invest In Right Now: US Airways Group Inc (LCC)
US Airways Group, Inc. (US Airways Group) is a holding company whose primary business activity is the operation of a network air carrier through its wholly owned subsidiaries, US Airways, Piedmont Airlines, Inc. (Piedmont), PSA Airlines, Inc. (PSA), Material Services Company, Inc. (MSC) and Airways Assurance Limited (AAL). MSC and AAL operate in support of the Companys airline subsidiaries in areas, such as the procurement of aviation fuel and insurance. It has hubs in Charlotte, Philadelphia and Phoenix and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport (Washington National). During the year ended December 31, 2011, it offered scheduled passenger service on more than 3,100 flights daily to more than 200 communities in the United States, Canada, Mexico, Europe, the Middle East, the Caribbean, and Central and South America. It also has an East Coast route network, including the US Airways Shuttle service.
The Company had approximatel y 53 million passengers boarding its mainline flights in 2011. During 2011, the Companys mainline operation provided scheduled service or seasonal service at 133 airports, while the US Airways Express network served 156 airports in the United States, Canada and Mexico, including 78 airports also served by its mainline operation. US Airways Express air carriers had approximately 28 million passengers boarding their planes in 2011. As of December 31, 2011, the Company operated 340 mainline jets and was supported by its regional airline subsidiaries and affiliates operating as US Airways Express under capacity purchase agreements, which operated 233 regional jets and 50 turboprops. The Companys prorate carriers operated seven turboprops and seven regional jets at December 31, 2011.
In May 2011, US Airways Group and US Airways entered into an Amended and Restated Mutual Asset Purchase and Sale Agreement (the Mutual APA) with Delta Air Line! s, Inc. (Delta). Pur suant to the Mutual APA, Delta agreed to acquire 132 slot pa! irs at LaGuardia from US Airways and US Airways agreed to acquire from Delta 42 slot pairs at Washington National and the rights to operate additional daily service to Sao Paulo, Brazil. On December 13, 2011, the transaction contemplated by the Mutual APA closed and ownership of the respective slots was transferred between the airlines. During 2011, the US Airways Express network served 156 airports in the continental United States, Canada and Mexico, including 78 airports also served by its mainline operation. During 2011, approximately 28 million passengers boarded US Airways Express air carriers planes, approximately 44% of whom connected to or from its mainline flights.
The Company competes with Southwest, JetBlue, Allegiant, Frontier, Virgin America and Spirit.
Advisors' Opinion:- [By Dan Caplinger]
We've already gotten some information about how the quarter went for Southwest from its monthly results. In April, the company saw a 4%-5% decline in unit revenue, offset by a rise of 4.1% in capacity. Those figures were largely consistent with the rest of the industry, as both US Airways (NYSE: LCC ) and Delta Air Lines (NYSE: DAL ) posted similar combinations of revenue and capacity changes. The same trend continued in May, as a drop of 2% in unit revenue came with a 3.4% rise in capacity.
- [By Ben Levisohn]
Shares ofAMR Corp.(AAMRQ) have gained 6.1% to $6.60 after the Allied Pilots Association published an open letter askingFlorida Attorney General Pam Bondi to support its merger with US Airways(LCC).
- [By WALLSTCHEATSHEET]
US Airways is an airline that operates passenger and freight planes. Beginning next summer, US Airways customers will have new non-stop daily service at their disposal from the airlines international gateway at Philadelphia International Airport to Edinburgh. The stock has exploded! higher i! n 2013 and is currently trading near its yearly highs. Over the last four quarters, earnings have been decreasing while revenues have been rising, which has produced optimistic investors. Relative to its peers and sector, US Airways has been a year-to-date performance leader. Look for US Airways to OUTPERFORM.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-gas-utility-companies-to-invest-in-right-now-2.html
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