Shares of US Airways Group Inc. (NYSE: LCC) are soaring in today’s trading after the airline announced its fourth-quarter and full-year financial results.

At last check, US Airways Group shares were trading 14.66% higher at $7.35, with volume up from daily average of 6.87 million to 10.31 million.

For the fourth quarter ended December 31, 2011, US Airways reported net profit, excluding net special charges, of $21 million, or $0.13 per share, compared with $28 million, or $0.13 per share reported for the same period in the previous year. On a GAAP basis, the company reported net profit of $18 million, or $0.11 per share, compared with $28 million, or $0.17 per share reported for the same period in 2010.

For the full year 2011, US Airways Group reported net profit of $111 million, or $0.68 per share, compared with $447 million, or $2.34 per share reported in 2010. On a GAAP basis, the company’s net profit for the year was $71 million, or $0.44 per share, compared with $502 million, or $2.61 per share reported in 2010.

Doug Parker, Chairman and CEO of US Airways Group, said that the company is very pleased to report a profit for both the fourth quarter and full year of 2011, particularly given the extraordinarily high cost of jet fuel.

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