US Airways Group, Inc. (LCC) reported first-quarter net profit of $44 million or $0.26 per share, compared to profit of $48 million, or $0.28 per share, last year. Net profit excluding net special items was $55 million, or $0.31 per share, compared to a loss of $22 million, or $0.13 per share, prior year. Total operating revenues rose to $3.38 billion from $3.27 billion last year.
Total operating expenses in the first quarter were $3.3 billion, up 2.2 percent over the same period last year. The company recognized approximately $11 million of net special charges in the first quarter. Operating special charges totaled $41 million and primarily included costs related to the merger and the ratification of the US Airways flight attendant collective bargaining agreement. The company also recognized a $30 million non operating special credit in connection with an award received in an arbitration related to previous investments in auction rate securities.
On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.28 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $3.37 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.