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 12.17.14 ** HD iPad-Friendly -- Airborne 12.17.14 **
** Airborne 12.15.14 ** HD iPad-Friendly -- Airborne 12.15.14 **
** Airborne 12.12.14 ** HD iPad-Friendly -- Airborne 12.12.14 **

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

Dassault Aviation Reveals First Falcon 8X

Next Step: Maiden Flight In First Quarter 2015 Dassault Aviation on Wednesday rolled back the curtains on the ultra long range Falcon 8X, the company's new flagship and the latest >[...]

Evergreen Museum Says Its 'Business As Usual'

Some Of Its Aircraft Are On Loan From Company Reorganizing Under Bankruptcy Laws The Evergreen Aviation and Space Museum in McMinnville, OR says that it is doing just fine, thank y>[...]

Airborne 12.15.14: A380 Future, More USA Today Disappointments, Jetman FORMATION

Also: Comet Water Differences, Garmin Datalink, Bogert Battery Boxes, WSI/iOs, Mistletoe Copter Fail Airbus hasn't seen a single airline order for its double-decker A380 superjumbo>[...]

NTSB Prelim Released From Gaithersburg, MD Phenom Accident

Six Fatally Injured When Plane Impacted A Home The NTSB had released its preliminary report from an accident which occurred December 8, 2014 involving an Embraer EMB-500 Phenom 100>[...]

Airborne 12.17.14: Evergreen Woes, Foolish Pilot Tricks, No 757 Replacement--Yet

Also: $1M Aero-Photo, Draken Gets A-4s, 'Super Dell' Acts Super Dumb, Legendary Bell 47, Osprey Hours Evergreen Vintage Aircraft, LLC, the company that owns many of the aircraft on>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC