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US Airways Posts $65 million Net Income For March
ARLINGTON (Dow Jones) - US Airways Group Inc. said Friday that it posted net income of $65.1 million for March, according to a regulatory filing made with the Securities and Exchange Commission.
In a Form 8-K filed with the SEC, the airline reported March operating income of $19.3 million that reflected a rise in fuel costs in March to $139.5 million.
In February, US Airways reported a net loss of $119.2 million that included $8.2 million in reorganization costs.
The Arlington, Va.-based airline said its monthly operating revenue rose to $643.7 million in March, up from $506 million the month before.
According to the filing, the company has reversed a gain of $766 million reported in its January operating report pending resolution of claims filed by the Pension Benefit Guaranty Corp. regarding termination of the company's pension plans.
US Airways filed for Chapter 11 in September 2004 with the U.S. Bankruptcy Court in Alexandria, Va.
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USA320Pilot
ARLINGTON (Dow Jones) - US Airways Group Inc. said Friday that it posted net income of $65.1 million for March, according to a regulatory filing made with the Securities and Exchange Commission.
In a Form 8-K filed with the SEC, the airline reported March operating income of $19.3 million that reflected a rise in fuel costs in March to $139.5 million.
In February, US Airways reported a net loss of $119.2 million that included $8.2 million in reorganization costs.
The Arlington, Va.-based airline said its monthly operating revenue rose to $643.7 million in March, up from $506 million the month before.
According to the filing, the company has reversed a gain of $766 million reported in its January operating report pending resolution of claims filed by the Pension Benefit Guaranty Corp. regarding termination of the company's pension plans.
US Airways filed for Chapter 11 in September 2004 with the U.S. Bankruptcy Court in Alexandria, Va.
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USA320Pilot