US Air posts loss, hurt by soaring fuel costs
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US Airways Group  posted a quarterly loss on Thursday, hurt by soaring fuel costs that have battered the airline industry.
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The global airline industry stands to incur losses of between USD$3 billion and USD$4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport Association said on Monday.
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.
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Continental Airlines CAL.N  posted a  third quarter loss on Tuesday, as high fuel prices caused it to  reverse course from a year ago when it was in the black.
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Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) , the No. 4 US air carrier, on Wednesday posted a quarterly loss, versus a profit a year earlier, as high fuel prices and low fares weighed on the industry.
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Delta Air Lines Inc., the third- largest US carrier, said its third-quarter net loss widened to as much as $675 million because of higher fuel prices and lower average ticket prices.
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US Airways Group Inc. and UAL Corp.&#39;s United Airlines, both operating under bankruptcy court protection, reported losses in the third quarter yesterday, blaming record high fuel prices
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United Airlines parent UAL Corp. reported a $53 million loss for the fourth quarter Tuesday on a sharp rise in the price of fuel and bad weather that forced a raft of holiday flight cancellations.
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Delta Air Lines Inc , the No. 3 U.S. carrier, on Wednesday posted a quarterly net loss on soaring fuel prices.
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US airline JetBlue warns recent flight cancellations and high fuel prices will lead to widening losses.
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Delta Air Lines Inc. DAL.N, which is  racing to cut costs to avoid bankruptcy, on Wednesday reported  a wider quarterly loss amid soaring fuel prices and weak  domestic airfares.
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United Airlines ran a summer quarter net loss of $274 million on an operating loss of $80 million. Revenues were 7 percent higher than summer of last year but jet fuel costs were up 60 percent.
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US airlines spend hundreds of millions of dollars annually in extra fuel costs to transport a heavier traveling public, researchers estimate.
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US Airways Group Inc. said yesterday that sharply rising fuel costs in recent weeks have made the bankrupt airline's already dismal financial outlook even more acute.
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United Airlines parent UAL Corp. suffered a loss of $274 million for the third quarter of this year, a smaller hit than it took in the same period of last year, when it lost $367 million.
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By The Associated Press. Delta Air Lines, Northwest Airlines and the parent of American Airlines all reported losses yesterday. The largest loss by far was at Delta, where bankruptcy
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Delta Air Lines Inc. , which is racing to cut costs to avoid bankruptcy, on Wednesday reported a wider quarterly loss amid soaring fuel prices and weak domestic airfares.