US Airways (US) reported 2011 net income of $71 million, down 85.8% from a $502 million net profit in 2010.
US Airways A320. Courtesy, US US Airways (US) reported 2011 net income of $71 million, down 85.8% from a $502 million net profit in 2010. The earnings result nevertheless marked the carrier's second consecutive year in the black despite a steep rise in spending on fuel. A strong revenue performance and nonfuel expense control allowed US to withstand a 41.4% year-over-year increase in annual aircraft fuel costs to $3.4 billion. "Considering where fuel prices were, we're ...
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