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The airline is in the sights of rival
Delta(DAL), which is thinking of possibly making a bid for US Airways, according to a
report last week in
The Wall Street Journal.
In other recent news, US Airways reached a tentative agreement with the Association of Flight Attendants on Jan. 27.
The company last week reported fourth-quarter profit excluding net special charges of $21 million, or 13 cents a share, a decrease from profit of $28 million, or 17 cents, a year earlier.
"Better than expected mainline passenger revenue was the main driver of the beat, with mainline passenger revenue of $2,054M 3.7% above our $1,981M forecast on 2.8% higher ASMs (capacity) and 1% better PRASM (Passenger Revenue per ASM, or unit revenue)," Sterne Agee analysts wrote in a report on Monday.
Shares of US Airways were upgraded to a
hold from a sell by
US Airways receives a
C- grade from the
TheStreet Ratings. The stock closed Monday at $8.52.