US Airways' Operating Profits Set Record, But Net Profit Is Down
US Airways Group yesterday reported record second quarter operating profits of $376.6 million, but net income dropped 5.5% to $194.3 million due to tax rate changes. The company paid a 40.3% tax rate in the quarter, compared with an 11.4% rate during the year-earlier period. Revenue grew 3.8% to $2...
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