Thursday, 27 October 2011 at 16:51, Reuters
US Airways third-quarter profit amounted to $76 million. (REUTERS)
US Airways Group Inc reported on Thursday a smaller quarterly net profit, hit by a 44 percent increase in its fuel costs.
But excluding one-time items, the earnings beat expectations.
The carrier said its third-quarter profit amounted to $76 million, or 41 cents per share, compared with $240m, or $1.22 per share, a year before.
Excluding one-time items, the airline said it earned 51 cents per share. That beats a Wall Street average forecast for a profit of 48 cents per share, according to Thomson Reuters I/B/E/S.
US Airways said its revenue was $3.4 billion, up 8.1 per cent from a year earlier. The company ended the quarter with $2.4bn in total cash and cash equivalents, of which $384m was restricted.
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