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Jul27
US Airways Group Inc., Reports Largest Ever Profit After Merger
The new US Airways has reported their largest profit ever and the outlook for the third quarter and the rest of year look to be good too.  US Airways Group, Inc., (LCC) reported that they would earn $305 million compared to a net loss of $3 million last year at this time. 

The primary driver of this turnaround is the merger of US Airways and America West, which has improved the earnings power and viability of both companies versus their standalone capabilities," said Doug Parker, chairman, president and CEO of US Airways. 
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3201usa.jpg Second quarter operating revenue was up to $3.2 billion compared to $845 million last year.

The airline, which is Pittsburgh International Airport's dominant carrier, said its results are being compared to America West's standalone results for the second quarter of 2005.

America West acquired US Airways Group in September 2005 and became a wholly owned subsidiary of the new US Airways Group.

BizJournals


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