US Airways narrows third-quarter loss
From Reuters
NEW YORK —
US Airways Group Inc. posted a third-quarter loss after fuel hedging and merger-related costs.
Excluding special items, however, the carrier’s profit topped analysts’ expectations.
The airline, formed from the merger last year of US Airways and America West Airlines Holdings Corp., reported a net loss of $78 million, or 88 cents a share, compared with a loss of $99 million, or $5.74, for America West a year earlier. For accounting purposes, America West was treated as the acquiring company.
Excluding special items, US Airways said it earned $101 million, or $1.09 a share. Analysts had expected $1.01 a share.
Revenue more than tripled to $2.97 billion.
