USAir Group Inc.The airline said yesterday that one-time...

BY THE NUMBERS

January 23, 1992

USAir Group Inc.

The airline said yesterday that one-time pretax gains gave it a modest profit for the fourth quarter of 1991 but that it lost 24 cents per common share because it has to pay out preferred dividends.

The parent of USAir lost $305 million for the year, which was a disaster for major airlines.

USAir Group's $1.6 million profit for the last three months of 1991 contrasted with a $221 million loss for the final quarter of 1990, even though fourth-quarter revenue remained unchanged at $1.7 billion.

USAir is the dominant airline at Baltimore-Washington International Airport.

Seth Schofield, USAir's president and chief executive, said in a statement: "Comparative results reflect the positive impact of system restructuring and cost-reduction programs that we initiated in 1991."

USAir spokesman David Shipley said 1991's fourth quarter was favorably affected by a one-time pretax gain of $107 million.

&Three months ended 12/31/91

.. .. ..Revenue .. .. .. Net .. .. .. Share

'91 1,668,725,000 ...1,631,000.. .. (0.24)

'90 1,663,676,000 .(221,060,000). .. (5.06)

% change .. . +0.3 .. .. .. . na.. .. .. . na

12 months ended 12/31/91

.. .. ..Revenue .. .. .. .. Net .. .. .. Share

'91 6,514,071,000 .. (305,258,000).. .. (7.62)

'90 6,558,606,000 ..(454,448,000).. ..(10.89)

% change .. .. 0.7 .. .. .. .. . na.. .. .. . na

Martin Marietta Corp.

A drop in fourth-quarter profits reported yesterday reflects the company's decision to take a $39 million after-tax charge related to the restructuring of a California-based unit.

Net income for the quarter amounted to $44 million, or 89 cents a share, compared with a profit of $57.2 million, or $1.17 a share, in the same period a year earlier. Sales at the Bethesda-based defense contractor increased 7 percent to a record $1.7 billion.

The write-off, which was associated with the potential sale of the company's International Light Metals operation in Torrance, Calif., reduced earnings for the full year to $313.1 million, or $6.30 a share. In 1990, Martin earned 327.6 million, equal to $6.52 a share. Sales totaled $6.1 billion both years.

Three months ended 12/31/91

.. .. ..Revenue .. .. .. Net .. .. .. Share

'91 1,670,400,000 .. 44,000,000.. .. 0.89

'90 1,558,200,000 ..57,200,000.. .. 1.17

% change .. . +7.2 .. .. .--23.1.. . --23.9

Year ended 12/31/91

.. .. ..Revenue .. .. .. Net .. .. .. Share

'91 6,075,400,000 ..313,100,000. ..6.30

'90 6,125,900,000 ..327,600,000. ..6.52

% change.. .. .0.8 .. .. .. . 4.4. .. .3.4

Bell Atlantic Corp.

A net loss of $222.7 million was reported for last year, reflecting the impact of a previously announced $1.55 billion charge for the adoption of new accounting rules for retiree health and life insurance benefits.

Without the one-time charge, Bell Atlantic, the parent of Chesapeake & Potomac Telephone Co. of Maryland, said Tuesday it would have earned $1.33 billion, representing a 1.5 percent increase over 1990's results. Operating revenues for 1991 remained flat at $12.3 billion.

&Three months ended 12/31/91

.. .. ..Revenue .. .. .. Net .. .. .. Share

'91 3,098,600,000 . 266,300,000.. .. 0.68

'90 3,105,200,000 .236,000,000.. .. 0.65

% change .. .. -- .. .. .. 12.8.. .. 4.6--

12 months ended 12/31/91

.. .. ..Revenue .. .. .. Net .. .. .. Share

'91 12,279,700,000 (222,700,000) ..(0.53)

'90 12,298,000,000 1,312,500,000 .. .3.38

% change .. .. . -- .. .. .. .. -- .. .. --

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