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Old Feb 28, 2005 | 5:11 pm
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bdpolo
 
Join Date: Oct 2004
Location: Charlotte, NC
Programs: Continental, US Airways, AA, Southwest
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January Income for US
US Airways Posts $720M Net Income For January


DOW JONES NEWSWIRES
February 28, 2005 4:26 p.m.

WASHINGTON -- US Airways Group Inc. (UAIRQ) reported $720.4 million in net income for the month of January after taking into account the termination of three defined benefit plans.

According to a Form 8-K filed Monday with the Securities and Exchange Commission, the airline's consolidated statement of operations for January included a gain of $881 million after the court overseeing its Chapter 11 case approved the termination of the benefit plans Jan. 6.

In US Airways Group's monthly operating report, the airline reported a $134.3 million operating loss for January on $478.4 million in operating revenue.

For December, US Airways reported a $58.7 million operating loss, part of the month's $87.8 million net loss, on $526.2 million in operating revenue.

Arlington, Va.-based US Airways filed for Chapter 11 in September 2004 with the U.S. Bankruptcy Court in Alexandria, Va.

-By Bob Braine, Dow Jones Newswires; 202-862-1353; [email protected]
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