Air Canada's operating profit fell from US$33m to US$27m as domestic yields fell, but the sale of Continental Airlines shares netted C$129 million.
America West's record quarterly earnings came as traffic grew 13.8%, load factors rose 3.3 points, yields jumped 4.1%, and unit costs fell 7.5%.
American's parent achieved record quarterly earnings as it benefited from strong demand, the expiry of the ticket tax, and Delta's cutbacks at DFW.
Canadian's net loss fell slightly but its cash flow slumped 45%. Yields fell 5.8% and the sale and leaseback of 11 B737s produced a US$69m gain.
Continental's operating profit more than doubled to $229m. Yield rose 8.3% and unit costs rose 3.9%. In 2Q 95 selling System One gained $108m.
Delta doubled its operating profit to $1.3b but took a pretax restructuring charge of $829m. Yields stayed flat but unit costs fell 3%.
Group profits stayed flat on healthy revenue growth as yields fell 3.4%. The airline made $22m and the DNATA handling company made $17m.
Operating profit jumped 50% to $375m and net profit almost doubled to $203m. Costs included $65m worth of stock earned by employees.
Unit costs rose 6.3 per cent, partly due to higher fuel costs, but yields rose 8.6% so Southwest still managed record profits.
TWA's net profit improved markedly, but still fell short of the expectations of analysts, who had predicted a $36m net profit.
The record profit at United came after a $30m charge due to the early repayment of $230m of debt. Domestic yields rose 8.5%.
Operating profits rose from $163.1m to $245.9m. Employee profit-sharing cost USAir $41.2m, but subleasing written down BAe146s gained $29.5m.
Source: Airline Business
