Summary Box: US Airways 4Q income falls

AP News
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Posted: Jan 25, 2012 10:10 AM
Summary Box: US Airways 4Q income falls

GOOD AND BAD: US Airways moved more passengers and charged higher prices in the fourth quarter, but neither was enough to counter a steep increase in fuel.

THE NUMBERS: The Tempe, Ariz., airline saw its net income fall 35 percent from a year earlier, but the results still topped Wall Street's expectations. Shares soared.

HOW THEY COMPARE: Delta Air Lines Inc. said Wednesday its net income soared to $425 million in the fourth-quarter as it raised prices and reduced flying to keep costs low. Southwest Airlines Co. reported higher net income last week on higher fares and fuller planes. Both airlines saw gains from their contractual bets on the price of fuel. US Airways doesn't currently have such contracts.