RedDogC130
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Ex items loss 83 cents/shr vs estimated 94 cents/shr
* CEO sees "soft, but improving economic environment"
CHICAGO, Oct 22 (Reuters) - US Airways Group Inc (LCC.N) posted a smaller-than-expected quarterly loss on Thursday, which Chief Executive Doug Parker said hints at a "soft, but improving economic environment."
The company said its net loss amounted to $80 million, or 60 cents per share, compared with a loss of $866 million, or $8.46 per share, a year earlier.
Excluding one-time items, US Airways lost 83 cents per share. On that basis, Wall Street had expected the company to lose 94 cents per share, according to Thomson Reuters I/B/E/S.
Total revenue in the third quarter fell 16.6 percent from the year-ago period due to a 3.6 percent decline in total available seat miles, the airline said.
US Airways ended the quarter with $2 billion in cash and investments. (Reporting by Kyle Peterson, editing by Gerald E. McCormick)
* CEO sees "soft, but improving economic environment"
CHICAGO, Oct 22 (Reuters) - US Airways Group Inc (LCC.N) posted a smaller-than-expected quarterly loss on Thursday, which Chief Executive Doug Parker said hints at a "soft, but improving economic environment."
The company said its net loss amounted to $80 million, or 60 cents per share, compared with a loss of $866 million, or $8.46 per share, a year earlier.
Excluding one-time items, US Airways lost 83 cents per share. On that basis, Wall Street had expected the company to lose 94 cents per share, according to Thomson Reuters I/B/E/S.
Total revenue in the third quarter fell 16.6 percent from the year-ago period due to a 3.6 percent decline in total available seat miles, the airline said.
US Airways ended the quarter with $2 billion in cash and investments. (Reporting by Kyle Peterson, editing by Gerald E. McCormick)