From ATWOnline.com:
Dateline: Wednesday July 28, 2004
US Airways Group surprised Wall Street by reporting net income of $34 million for the second quarter ended June 30, but airline executives downplayed the result and warned of coming challenges
By: Whiskey Delta - 29th July 2004 at 04:38
Thanks to selling 4 aircraft and a one time tax rebate bonus they turned a profit. It’s no suprise that the Exec’s played down the announced “profit”.
The article doesn’t really discuss the RJ deferments. They refinanced their Bombardier and Embraer aircraft orders, upgraded their CRJ200 orders to CRJ700 and CRJ900’s and deferred 19 future orders. What were those 19 aircraft? Could they be the EMB-170’s for the struggling MidAtlantic operation?
Rumor is that Embraer is shopping around a bunch of recently discounted EMB-170’s due to the difficulties at USAirways. That same rumor also had them coming to my company looking for a buyer.
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July 29, 2004 at 12:39 am