Higher taxes reduced US Airways’ third-quarter profit, but the airline still beat Wall Street expectations on a combination of more traffic and higher average fares.
US Airways said Wednesday that 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.
American Airlines parent company AMR said that it earned $289 million in the third quarter. That marks a big turnaround from a loss of $238 million a year earlier.
American Airlines announced new non-stop flights to China from DFW International Airport.
American Airlines and US Airways won’t appeal a rejection of their request for more information about the government’s antitrust case.
A court-appointed official says American Airlines and US Airways shouldn’t get to know the identity of all the people that the government interviewed before trying to block the airlines’ proposed merger.
Nearly two months after joining the U.S. Department of Justice Lawsuit to block the proposed merger between American Airlines and US Airways, Texas Attorney General Greg Abbott announced he’s pulling out of the suit after reaching a settlement.
The Justice Department asked for a delay in the trial over the merger of American Airlines and US Airways because of the shutdown of the federal government.
American Airlines said that it will hire 1,500 pilots over the next five years, and recall the airline’s pilots who have been furloughed. The carrier plans to start recruiting this fall.
The newly elected leader of airline industry union TWU said that he will increase lobbying, oppose outsourcing and help unions strengthen ties to local communities.
Fort Worth-based American Airlines and US Airways want to know whom the government interviewed before it sued to block the airlines’ merger, and what those people said.
American Airlines and US Airways on Monday morning agreed to extend their merger agreement, pushing back the date that either carrier could terminate their merger plan.