US Airways reports first quarter profit

US Airways Group reported its first quarter 2013 financial results. For the first quarter 2013, net profit excluding net special items was a record $55m, compared to a net loss, excluding net special items, of $22m for the first quarter 2012. On a GAAP basis, the Company reported a net profit of $44m for its first quarter 2013, compared to a net profit of $48m for the same period in 2012.

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