US Airways 4Q profit doubles as planes are fuller - Mid-South News, Weather, Traffic and Sports | FOX13

US Airways 4Q profit doubles as planes are fuller

Updated:

By The Associated Press

US Airways says net income doubled in the fourth quarter as its planes were fuller and it made more money off each passenger.

The Tempe, Ariz., airline earned $37 million, or 22 cents per share, compared with $18 million, or 11 cents per share a year ago. Excluding special items, net income was 26 cents per share, 7 cents higher than analyst forecasts, according to FactSet.

US Airways, which is in merger talks with AMR Corp., parent of American Airlines, said revenue set a fourth-quarter record of $3.28 billon. That was up about 4%.

Revenue per passenger, a key performance indicator for airlines, rose 2.2%. Load factor, which measures occupancy, increased nearly 2%age points.

US Airways Group Inc. shares rose 2.3% to $15.19 in premarket trading.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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