UPDATE: US Airways Reports Drop In Q4 Profit
US Airways Group Inc (NYSE: LCC) reported a drop in its fourth-quarter profit.
US Airways' quarterly profit dropped to $18 million, or $0.11 per share, from $28 million, or $0.17 per share, in the year-earlier period. Its profit, excluding one-time costs, came in at $0.13 per share. US Airways' revenue rose 8.5% to $3.2 billion. However, analysts were expecting earnings of $0.02 per share on revenue of $3.15 billion.
US Airways shares gained 4.52% to $6.70 in pre-market trading.
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