Tags: earnings | US Airways | taxes | income

US Airways Net Income Dips on Higher Taxes

Wednesday, 23 Oct 2013 09:32 AM

Higher taxes are reducing US Airways' profit, but the airline's results beat expectations.

US Airways Group Inc. said third-quarter net income was $216 million, or $1.04 per share. That's down 12 percent from $245 million, or $1.24 per share, a year ago.

The difference: In this year's quarter, US Airways owed $120 million in income taxes compared with just $1 million last year.

Excluding costs of its proposed merger with American Airlines, US Airways says it earned $1.16 per share, four cents better than analysts were expecting.

Revenue rose 9 percent to $3.86 billion, a bit higher than analysts' forecast of $3.84 billion.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Companies
Higher taxes are reducing US Airways' profit, but the airline's results beat expectations.
earnings,US Airways,taxes,income
103
2013-32-23
Wednesday, 23 Oct 2013 09:32 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved