ValuJet Posts $20.6-Million 4th-Quarter Loss

ValuJet Airlines said it lost $20.6 million in the last three months of 1996, the first full quarter of operations since its 15-week grounding after a plane crash in the Florida Everglades that killed 110 people. That contrasts with a profit of $19.2 million for the same period a year earlier. For fourth-quarter 1996, the airline said it lost 38 cents per share, contrasted with income of 32 cents a share a year earlier. Excluding nonrecurring expenses of $13.3 million resulting from the suspension of operations, the discount carrier lost $12.3 million, or 22 cents. . . . Canadian Airlines Corp., which late last year narrowly averted financial failure through a controversial restructuring plan, said it suffered a 1996 net loss of $138.5 million, or $3.13 a share, versus a 1995 loss of $144 million, or $3.46. . . . USAir changes its name to US Airways today as part of an image make-over by new Chairman Stephen Wolf.