US Airways 4Q profit doubles as planes are fuller - FOX 10 News |

US Airways 4Q profit doubles as planes are fuller


By The Associated Press

US Airways says net income doubled in the fourth quarter as its planes were fuller and it made more money off each passenger.

The Tempe, Ariz., airline earned $37 million, or 22 cents per share, compared with $18 million, or 11 cents per share a year ago. Excluding special items, net income was 26 cents per share, 7 cents higher than analyst forecasts, according to FactSet.

US Airways, which is in merger talks with AMR Corp., parent of American Airlines, said revenue set a fourth-quarter record of $3.28 billon. That was up about 4%.

Revenue per passenger, a key performance indicator for airlines, rose 2.2%. Load factor, which measures occupancy, increased nearly 2%age points.

US Airways Group Inc. shares rose 2.3% to $15.19 in premarket trading.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices