US Airways loses $191 million in first quarter

[RamboLiberal]

http://www.post-gazette.com/pg/05119/496627.stm

US Airways lost $191 million in the first quarter, spilling more red ink than the same period a year ago, when it lost $177 million.

The nation's seventh-largest airline blamed the poor performance on high fuel prices and low fares. Just the cost of fuel alone was up 58 percent from the same period in 2004, to $368 million.

"We continue to operate under extremely challenging conditions," said airline Chief Executive Officer Bruce Lakefield, in a statement.

More people are flying US Airways' planes and ticket prices are up slightly, but Lakefeld emphasized that the costs of fuel "cannot be fully recovered through traffic growth and incremental fare increases."

[whistle]

1. Are they ready to ask the federal government to take over their ...

...employee retirement plan just like Delta and United?

[bleedingheart]

2. Useless Airways...

meanwhile they gave huge multi-million dollar parachutes to the dipshits that created the mess..

[Boomer]

3. The writing in on the wall

The airline industry will not survive much longer, another casualty of Peak Oil. The cost of air travel will spiral beyond the reach of the average traveler.

[valis]

4. No problem: Feds are gonna subsidize it. Unlike Amtrak.

[truthisfreedom]

5. what happened to the 20 billion bushco gave the airlines after 9-11?

our tax money given as corporate welfare, and now they dare to claim they're losing money? how many billions does it take in free money to keep from losing a hundred million?

[valis]

6. Yes. And he wants to get rid of the 1B to Amtrak.

Fucking retard.