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US Airways reports loss after hedging

26 October 2006

US Airways Group Inc., formed last year from the merger of US Airways and American West Airlines, on Thursday posted a net loss for the third quarter after fuel hedging and merger-related costs.

The airline said the loss amounted to $78 million, or 88 cents per share, compared with a loss of $99 million, or $5.74 per share, for American West a year earlier. For accounting purposes, America West was treated as the acquiring company.

source: Reuters

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