© 2024 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

US Airways reports more losses

Analysts actually expected US Airways to do worse last quarter. As it stands, the airline lost $865 million, which is more any other major carrier reported losing for the same quarter. In a statement, US Airways Chairman and CEO Doug Parker pointed to "crippling fuel prices" over the summer. He also notes the current economic situation is both good and bad news for the airline: Oil prices have now fallen well below last quarter. But the economic crisis may put a damper on air travel. As travelers out of US Airway's hub in Charlotte well know, the airline is coping with its losses by charging passengers extra for drinks, checked bags and better seats. The company says those charges will raise an extra $400 or $500 million in 2009.