US Airways and United Report Large Losses

United Airlines and US Airways today joined a growing list of airlines whose financial reports reflect the furious struggle to pay for fuel. United reported a loss of $2.7 billion for the June-ending second quarter, while US Airways' losses were $567 million. Excluding special items, United suffered a $151 million loss for the period; US Airways, $101 million. United noted in its news release that the quarter's earnings were $425 million worse than the same period last year. "Our industry...Full Story
Commenting on this article is closed.