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updated: 1/23/2013 9:49 AM

US Airways quarterly profit tops estimates on travel demand

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Bloomberg News

US Airways Group Inc., the carrier pushing for a merger with bankrupt American Airlines, reported fourth-quarter profit higher than analysts expected on strong travel demand and record revenue. Earnings excluding one-time items more than doubled to $46 million, or 26 cents a share, from $21 million, or 13 cents, on that basis a year earlier, the Tempe, Arizona-based airline said in a statement today.

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