US Airways reports annual profit of $427 million

US Airways Group reported its fourth quarter and 2007 results. Net loss for the fourth quarter was $79 million, compared to a net profit of $12 million for the same period last year. Excluding net special items of $37 million, the Company reported a net loss of $42 million for its fourth quarter 2007. For the full year 2007, the Company reported a net profit of $427 million which compares to a net profit before cumulative effect of change in accounting principle of $303 million for the full year 2006.

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