US Airways Group reports record Q3 profit

US Airways Group posted a record third-quarter net profit of $245 million, up from $76 million a year earlier.

Excluding special items totaling $192 million, the result was the second-best third quarter in the company's history.

The airline cited improving revenue performance generated by "strong passenger demand and record consolidated third-quarter yields."

Total passenger revenue rose by 3.3% to $3.2 billion.

"We are setting company records in all the operational metrics that matter to our customers, including completion factor, on-time arrivals and baggage handling," according to chairman and CEO Doug Parker. "Looking forward, the revenue environment remains strong."

Source: Business Travel News
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