A Record Loss at US Airways

dbaker · 10-31-2001, 03:08 PM

Quote:

US Airways Group Inc. said yesterday that it lost $766 million in the third quarter, the biggest quarterly loss in its 61-year history.

The results include the $331 million the Arlington-based airline received from the federal government to compensate for losses resulting from the Sept. 11 terrorist attacks.

The loss amounted to $11.42 a share. In the third quarter of last year, US Airways lost $30 million, or 45 cents a share.

dbaker · 10-31-2001, 03:08 PM

A Record Loss at US Airways

Quote:

US Airways Group Inc. said yesterday that it lost $766 million in the third quarter, the biggest quarterly loss in its 61-year history.

The results include the $331 million the Arlington-based airline received from the federal government to compensate for losses resulting from the Sept. 11 terrorist attacks.

The loss amounted to $11.42 a share. In the third quarter of last year, US Airways lost $30 million, or 45 cents a share.

afang · 11-13-2001, 11:36 AM

I am afraid if things are not improving rapidly in this industry, we are going to see alot of Chpt 11s and consolidations.

afang · 11-13-2001, 11:36 AM

I am afraid if things are not improving rapidly in this industry, we are going to see alot of Chpt 11s and consolidations.

daa · 11-13-2001, 05:48 PM

i've seen financial writters predicting that europe will end up with 3 carriers and the the US with 3-4 majors

daa · 11-13-2001, 05:48 PM

i've seen financial writters predicting that europe will end up with 3 carriers and the the US with 3-4 majors

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11-13-2001, 11:36 AM	#3
afang Senior Member Join Date: Sep 2001 Location: Plano,TX USA Posts: 388	I am afraid if things are not improving rapidly in this industry, we are going to see alot of Chpt 11s and consolidations.

11-13-2001, 05:48 PM	#5
daa Senior Member Join Date: Sep 2001 Location: DEN Posts: 110	i've seen financial writters predicting that europe will end up with 3 carriers and the the US with 3-4 majors