Thursday, July 26, 2007

CORRECTION: US Airways posts lower profit; shares fall

(Reuters) - CHICAGO - US Airways Group Inc. on Thursday reported a 14 percent decline in second-quarter net profit because of spending by the airline to improve reliability.




The company, formed in 2005 from the merger of America West and US Airways, said net income fell to $263 million, or $2.77 per share, from $305 million, or $3.25 per share, a year earlier.


Read more at Reuters.com Market News

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