DALLAS -- US Airways made its best profit ever for the 3-month stretch that covers much of the peak summer vacation season.
Net income for the third quarter totaled $245 million, or $1.24 per share, compared with $76 million, or 41 cents per share, a year earlier, the airline said Wednesday.
The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines. Tempe, Ariz.-based US Airways, the nation's fifth-biggest airline, is trying to impress American's creditors that a combined company would be more successful than American can become on its own.
Before gains such as the sale of airport landing slots, US Airways would have earned $192 million, or 98 cents per share, in the third quarter. Analysts were expecting 92 cents per share excluding one-time items.
Revenue rose 3 percent to $3.53 billion but fell short of analysts' expectations of $3.55 billion.
CEO Doug Parker said the revenue environment remains strong. Travel demand and a limited supply of airplane seats have allowed airlines to raise prices about a dozen times since the start of 2011.