America West suffered a 7.2% yield decline and took $65m in one-off charges due to changing an aircraft order and restating asset values.
AMR's net profit rose 23% on robust demand, despite an 18.8% rise in fuel costs and a $21m share in a travel agency litigation settlement.
Continental would have made a $101m net profit, but for $83m in after-tax charges due to replacing old aircraft and retiring debt.
Delta's operating profit was a record $438m. Its 12% RPM increase helped to offset a 5% drop in yields. Unit costs rose 4%, mainly due to fuel.
JAL suffered from a 25% increase in fuel costs and a weaker yen. Revenues rose 6.9% in yen but dropped 11.9% in US dollar terms.
Northwest cut its unit costs by 1.3% and improved its net results, despite higher fuel costs, the reimposed ticket tax and the weaker yen.
Operating profit fell 11.4% to US$332m due to fuel, the weaker yen and mark, and soft cargo demand. But SIA made $87m from aircraft sales.
Southwest's profit fell due to a 6.5% rise in unit costs, which the carrier blamed on fuel prices, the federal fuel tax, and higher maintenance costs.
TWA reduced its loss but suffered from flight cancellations due to overexpansion. It lost some premium business following the Flight 800 crash.
United's RPMs grew 3.7% and its yields rose 4.5%. Unit costs rose 3.4% as jet fuel costs jumped 22% to 71.2 cents per US gallon.
USAir improved its net result despite setting aside $41.1m for 1992 profit share obligations. Yield rose 4.7% but unit costs jumped 9.1%.
Higher sales volumes and interest income were only partially offset by development costs for the latest B737 family and a higher income tax rate.
Source: Airline Business
