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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.18.16

Airborne 05.19.16

Airborne 05.20.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.18.16

Airborne 05.19.16

Airborne 05.20.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

 

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

It's On! EAA/ANN Announce 2016 AirVenture Innovation Preview!

Stunningly Successful Innovation Program Drew Nearly 100,000 Eyeballs to ‘All Things AirVenture’ E-I-C Note: Our partner, the Experimental Aircraft Association, release>[...]

Airborne 05.23.16: Si2 Lands in Dayton, BellHeli Relocation, Santa Monica Update

Also: Rockwell Collins, RC Antonov AN-225, Safety Culture In Alaska, Sonic 'Thump', Drone Reg. Data, Aiming For Mars, Hawaiian Pilots The Solar Impulse-2 crew alerted ANN, early Sa>[...]

Airborne 05.23.16: Si2 Lands in Dayton, BellHeli Relocation, Santa Monica Update

Also: Rockwell Collins, RC Antonov AN-225, Safety Culture In Alaska, Sonic 'Thump', Drone Reg. Data, Aiming For Mars, Hawaiian Pilots The Solar Impulse-2 crew alerted ANN, early Sa>[...]

Anti-Icing Treatment Research Focuses On Turbine Blades And Propellers

Piedmont Propulsion Systems, Oak Ridge National Laboratory Collaborated On The Project Oak Ridge National Laboratory (ORNL) and Piedmont Propulsion Systems, LLC (PPS) recently conc>[...]

AD: Airbus Airplanes

AD NUMBER: 2016-10-08 PRODUCT: All Airbus Model A330-200 Freighter, A330-200, A330-300, A340-200, A340-300, A340-500, and A340-600 series airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC