US Airways to take charge
From Times Wire Services
US Airways Group Inc. said it would take a $622-million accounting charge in its second quarter to reflect the effect of soaring fuel prices.
US Airways said in a regulatory filing that it decided to write down the amount of goodwill -- an accounting term referring to intangible value -- that it had on its books since combining with America West Airlines in 2005.
The Tempe, Ariz., carrier said it would book an $18-million charge to reflect the declining value of spare parts for its Boeing 737 aircraft.
