US Airways reports big Q4, annual profits

Big, good news was reported by US Airways this morning. The once-struggling, almost-died-numerous-times, given-up-as-hopeless-at-customer-service airline, one of the best turnaround stories in the history of private sector transportation, said it made money in the fourth quarter and all of 2011. Not mentioned in the basic AP story found here was in a note to employees from CEO Doug Parker: The workforce gets to share in $47 million in 2010 profit sharing.

The new United also reported net income. Detail on that to follow. And by the end of the day, here they are.