Tuesday, April 28, 2015

US Airways posts smaller-than-expected loss

US Airways provided the latest surprise for Wall Street analysts in reporting 2009 and fourth-quarter results. The airline, the largest at PHL, said it had a Q4 net loss of $79 million, compared with a loss of $543 million a year earlier. Excluding special items (the number analysts look at) US Airways lost $32 million, compared with $222 million of red ink in the 2008 Q4.

US Airways posts smaller-than-expected loss

US Airways provided the latest surprise for Wall Street analysts in reporting 2009 and fourth-quarter results. The airline, the largest at PHL, said it had a Q4 net loss of $79 million, compared with a loss of $543 million a year earlier. Excluding special items (the number analysts look at) US Airways lost $32 million, compared with $222 million of red ink in the 2008 Q4.

For the full year, the airline lost $205 million vs. a whopping $2.2 billion in 2008. The net 2009 loss without special credits of $294 million was $499 million, compared with $808 million a year ago.More detail should be forthcoming after the company's conference call at 12:30 p.m. Philadelphia time today. Here is the Inquirer's story on the results.

About this blog
Tom Belden has been reporting about Philadelphia International Airport and other air travel subjects for more than 20 years, writing columns for The Inquirer's Travel and Business sections. His reporting (with colleague Craig McCoy) on baggage handling problems in Philadelphia have been credited with helping to improve the system. His previous blog was called Road Warrior. He can reached at tbelden@phillynews.com. Reach Tom at tbelden@phillynews.com.

Tom Belden
Business Videos:
Also on Philly.com:
Stay Connected