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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 04.20.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.19.17

Airborne
04.20.17

Airborne
04.21.17

Airborne-Unmanned 04.18.17

Airborne-YouTube

AMA 04.20.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.19.17

Airborne
04.20.17

Airborne
04.21.17

Airborne-Unmanned 04.18.17

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

AMA Drone Report 04.20.17: Phantom 4 Advanced, NJ NIMBYism, AMA-DJI Team Up

Also: AUVSI XPO17 LIVE!, Steady Drone Sales, Drone v Shotgun... DJI’s new Phantom 4 Advanced offers a more powerful camera and more upgraded controls. The new upgrades the or>[...]

Airborne-Unmanned 04.18.17: Drones v Volcanoes!, Boston Marathon UAVs, XPO-LIVE!

Also: State Pavilions at XPONENTIAL, MQ-8C Fire Scout, Puma UAS, Drone Bust Drones DO wind up in some of the most amazing places... As evidence by the Universities of Bristol and C>[...]

Airborne 04.21.17: Gulfstream G280, Airport $$ Abuse, Boeing Jobs

Also: Drone Power, Jerkwater Drone Regs, CBP, Wichita UAS Mtg, Cessna Accident, Co-Pilot SNAFU, Atlas Air-Polar Air Gulfstream’s super mid-size G280 recently completed two mi>[...]

RFP: ANN Considering Future Options For HQ Relocation

Some Aggressive Upgrades For ANN, Aero-TV, and Airborne May Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off somethi>[...]

Aero-News: Quote of the Day (04.24.17)

"We understand that the hearing will be 8 days before the Planes of Fame Air Show and we want to assure you that your overwhelming support throughout this situation has strengthene>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC