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Fuel bill dents US Airways 3Q profit
Rising fuel bill hurts US Airways 3Q profit, although fare increases help
By The Associated Press

US Airways says higher fuel prices pushed down its third-quarter profit, but passenger demand is strong.

The airline says it earned $76 million, or 41 cents per share, for the quarter that ended Sept. 30. A year ago it earned $240 million, or $1.22 per share.

US Airways and other airlines have been raising fares, which have covered at least some of the higher fuel costs. US Airways revenue rose 8 percent to $3.44 billion, a little more than analysts expected.

The airline says it would have earned 51 cents per share if not for special items. That was 3 cents per share more than expected by analysts surveyed by FactSet.

Its fuel bill rose by $356 million.

US Airways Group Inc. is based in Tempe, Ariz.

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