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US Airways posts $44.95 million operating income for June
By Ted A. Knutson
Washington, Aug. 1 - US Airways Group Inc. reported $44.95 million in operating income for June on sales of $677.95 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Eastern District of Virginia.
In May, the company posted a $10.45 million operating loss on sales of $625.3 million.
The net income for June was $8.58 million compared to a $39.7 million net loss in May.
Cash and cash equivalents on June 30 were $556.62 million, compared to $559.29 million at the end of May.
The Arlington, Va.-based airline filed for bankruptcy on Sept. 12, 2004. Its Chapter 11 case number is 04-13819.
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