Sunday, July 13, 2014





US Airways net income dips on higher taxes


October 23. 2013 8:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Higher taxes are reducing US Airways' profit, but the airline's results beat expectations.


US Airways Group Inc. said Wednesday that third-quarter net income was $216 million, or $1.04 per share. That's down 12 percent from $245 million, or $1.24 per share, a year ago.


The difference: In this year's quarter, US Airways owed $120 million in income taxes compared with just $1 million last year.


Excluding costs of its proposed merger with American Airlines, US Airways says it earned $1.16 per share, four cents better than analysts were expecting.


Revenue rose 9 percent to $3.86 billion, a bit higher than analysts' forecast of $3.84 billion.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds