US Airways Sees $74 Million Gain From Airport Slot Deal in 3rd Quarter

Date : 07/25/2012 @ 3:48PM
Source : Dow Jones News
Stock : Boeing Company (The) (BA)
Quote : 252.46  0.0 (0.00%) @ 6:55AM

US Airways Sees $74 Million Gain From Airport Slot Deal in 3rd Quarter

US Airways (NYSE:LCC)
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   By Doug Cameron 
 

US Airways Group Inc. (LCC) said Wednesday that it would record a special gain of around $74 million in the third quarter as part of a complex swap of airport takeoff and landing slots and route rights with Delta Air Lines Inc. (DAL).

The deal netted US Airways $147 million, with $73 million recorded in its first quarter earnings.

US Airways also said it was retiring its remaining Boeing Co. (BA) 737-300 jets in favor of larger Airbus A321s.

-Write to Doug Cameron at doug.cameron@dowjones.com

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