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US Airways Q3 Net Loss Narrows
Friday, October 23, 2009 5:55 AM


(Source: Datamonitor)trackingThe US Airways Group has reported a net loss of $80 million or $0.60 per share in the third quarter of 2009, compared to a net loss of $866 million or $8.46 per share in the same quarter of 2009.

The company's total operating revenues for the third quarter of 2009 decreased 16.6% to $2.72 billion, compared to $3.26 billion in the third quarter of 2008.

For the nine months ended September 30, 2009, the company has reported a net loss of $125 million or $1.01 per share, compared to a net loss of $1.67 billion or $17.50 per share in the same period of 2009.

Total operating revenues for the first nine months of 2009 were $7.83 billion, a decrease of 16.3%, compared to $9.36 billion in the first nine months of 2008.

Doug Parker, chairman and CEO of US Airways Group, said: "Our third quarter financial results reflect the soft, but improving economic environment. Our team is doing an excellent job of managing through this downturn, including reporting industry leading operations performance, maintaining diligent cost control and delivering meaningful a la carte revenue generation."

A service of YellowBrix, Inc.



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