US Airways posted 2007 net income of $427 million, up 40.6% over $304 million earned in 2006, but endured a fourth-quarter loss of $79 million and warned that 2008 could be a difficult year owing to rising fuel costs and a weakening US economy. Chairman and CEO Doug Parker said that "if oil prices remain on the same curve," the airline's 2008 full-year fuel costs will increase $800 million over 2007 and it will "continue to keep capacity in check" as a result. President Scott Kirby added ...

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