US Airways Reports Q4 Loss Widens to $261 Million | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** AIRBORNE 05.17.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 05.17.13 **

** AIRBORNE 05.14.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 05.14.13 **

** AIRBORNE 04.01.13 SPECIAL EDITION of Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 04.01.13 SPECIAL EDITION **

Wed, Feb 22, 2006

US Airways Reports Q4 Loss Widens to $261 Million

Expects Operating Profit In 2006... Minus Merger Costs

What price solvency? US Airways Group -- which left Chapter 11 bankruptcy after merging with America West Airlines last September -- has found an answer to that question: $261 million.

The amount is US Airways' net loss for the fourth quarter of 2005, which is when the carrier began absorbing the costs of merging with America West and transferring its operations to America West's offices in Tempe, AZ. The high cost of fuel had an impact, as well.

The loss is also substantially greater than the $69 million US Airways lost in the same quarter of 2004. Which begs something of a philosophical question: which is better, losing nearly $70 million under bankruptcy, or losing $261 million after emerging from it?

It's no contest, says US Airways CEO Doug Parker... especially as the carrier is looking forward to returning to profitability, of sorts, in 2006.

"Excluding one-time merger-related costs, the new US Airways will be profitable in 2006," said Parker in a statement Tuesday.

FMI: www.usairways.com

Advertisement

More News

ANN's Daily Aero-Linx (05.18.13)

Fun Places To Fly All gassed up and no place to go? "Fun Places To Fly" has an ever growing list of Aviation Events and Fun Places to Fly, provided by pilots like you who love avia>[...]

ANN's Daily Aero-Term (05.18.13): Differential Ailerons

Control surface rigged such that the aileron moving up moves a greater distance than the aileron moving down. The up aileron produces extra parasite drag to compensate for the addi>[...]

Aero-News: Quote Of The Day (05.18.13)

"While the IRS will complete open audits, management companies can be secure in the fact that while additional guidance is developed, they will not face potentially crippling tax a>[...]

ANN FAQ: It's Alive! ANN REALTIME NewsBug Headlines for YOUR Desktop!

It's For Real! ANN REALTIME NewsBug Released To ANN Readers, Worldwide For those of you using a windows PC (MAC version in the works... we promise), a new REALTIME News Service fro>[...]

Online Fundraising Campaign Underway To Restore SF Fleet Week Air Show

Crowdfunding Effort Has A Goal Of $800,000 Online fundraising efforts called "Crowdfunding" are all the rage these days, with entrepreneurs using the campaigns to raise money to es>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2013 Web Development & Design by Pauli Systems, LC