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Article: US Airways Group, Inc. Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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US Airways Group, Inc. (NYSE: LCC) reported its third quarter 2009 results. For the third quarter, the Company reported a net loss of $80 million, or $(0.60) per share. This compares to a net loss of $866 million, or ($8.46) per share for the same period last year. Excluding special items, the Company reported a net loss of $110 million for its third quarter 2009, or ($0.83) per share. This compares to a net loss excluding special items of $243 million, or ($2.36) per share for the same period last year.
The effects of fuel hedging significantly impacted the Company's financial results. The Company believes an enhanced understanding of fundamental year-over-year ...