US Airways posts wider loss

Bankrupt US Airways Group Inc on Thursday reported a wider third-quarter net loss as storms and high fuel prices hurt results.
The air carrier reported a loss of $232 million, or $4.22 per share, compared with a loss of $90 million, or $1.69 per share a year earlier.
Excluding unusual items, the pre-tax loss was $227 million, compared with $91 million in the 2003 period.
"I am disappointed that we have reported yet another quarterly loss, however, I am confident that we are charting a new course with a well-crafted plan, that if fully implemented, can return US Airways to profitability," said US Airways Chief Executive Bruce Lakefield.
The carrier based in Arlington, Va., is trying to restructure in bankruptcy for the second time in two years. It recently won court approval to deeply cut pay and benefits of most union workers through mid-February to save money.