US Airways says second-quarter profit fell 6% from last year, but still beat Wall Street expectations heading into its merger with American Airlines.
US Airways Group Inc. said Wednesday that net income was $287 million, or $1.40 per share, in the April-June quarter. That's down from $306 million, or $1.54 per share, a year ago. The company blamed an $85 million income tax provision that it didn't face last year.
Excluding merger and debt-retirement costs, US Airways says it would've earned $1.58 per share. That tops the $1.52 per share that analysts were expecting.
Revenue is up 3% to $3.87 billion.
US Airways and American plan to close their merger by the end of September and create the world's biggest airline, which will keep the American name.
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