US Airways posted net income of $502 million in 2010, reversed from a net loss of $205 million in 2009 and the second highest annual profit in its history. For the first time since 2006, it achieved a profitable fourth quarter, earning $28 million, turned around from a $79 million deficit in the prior-year period. Chairman and CEO Doug Parker noted, "2008 and 2009 were extraordinarily difficult years for our industry. US Airways took decisive actions to manage through those ...

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