US Airways more than halved its operating and net losses in the first quarter, compared to the same period last year, despite a sizable jump in its fuel costs, and could have reported an even better performance had it not been for the snow storms that battered the U.S. East Coast during the period. The $10 million operating loss marks a 60.7% year-on-year decline, while the $45 million net loss is 56.3% less than the $103 million loss reported in the comparable three months of 2009. ...

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