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Fourth quarter and full year 2007 results announced by US Airways Group Inc
Airline Industry Information, Jan 25, 2008
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD
US Airways Group Inc has announced its financial results for the fourth quarter and full year 2007.
The company reported a net loss for the fourth quarter of USD79m, or USD0.87 per share, as compared to a net profit of USD12m, or USD0.13 per diluted share for the same period last year.
For full year 2007 the company reported a net profit of USD427m, or USD4.52 per diluted share, which compares to a net profit before cumulative effect of change in accounting principle of USD303m, or USD3.32 per diluted share for the full year 2006.
As of 31 December 2007, the company had USD3.0bn in total cash and investments, of which USD2.5bn was unrestricted.
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