US Airways experienced 3 percent cargo revenue growth in the first quarter of 2013, compared to the same period last year, on the way to a record net profit, excluding special items, of $55 million.
During the same period last year, US Airways turned in a net loss of $22 million.
Total operating revenue grew by 3.5 percent, year over year, to $3.4 billion. The company attributes its solid performance mostly to record passenger loads.
US Airways is still slowly working toward merging with American Airlines, which barring any regulatory setbacks, should occur in the third quarter.
“We are extremely pleased to produce these record first quarter results,” US Airways Chief Executive Officer Doug Parker said in a statement. “Looking forward, our integration planning work with American is going well, and we continue to expect that the merger will close in the third quarter of this year. The entire US Airways team is looking forward to working with our colleagues at American to build the premier global airline.” – Jon Ross
US Airways sees revenue growth in 1Q
