Us Airways Announces $236 Million Quarterly Loss

Summary


ARLINGTON - US Airways Group Inc. said its losses widened in the fourth quarter, as cost cuts and traffic gains couldn't make up for higher fuel prices and dwindling revenue.

For the period ended Dec. 31, the carrier - which is operating under bankruptcy protection - posted a loss of $236 million, compared with $98 million in the year-ago period. The per-share loss was $4.30, compared with $1.82.

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Extract


Us Airways Announces $236 Million Quarterly Loss

Excluding items, the quarterly loss widened to $214 million from $129 million. Fourth-quarte...

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