US Airways points out fuel costs as cause of their loss

The group of US Airways are starting to feel the intense problem caused by the high fuel costs. If the trend in oil industry will continue, this will break the US Airways wings which will possibly result to total bankruptcy of some Airlines. what are the possible solutions for this, if the fuel costs continue to hamper the Airline industry? Acquisitions and mergers?


Analysts polled by Thomson Financial had expected a loss of 76 cents per share.

Chairman and Chief Executive Doug Parker said high fuel costs are likely to keep conditions difficult during the year ahead -- although he sees some encouraging signs.

"We're encouraged by the industry's ability and desire to keep capacity in check, so, as long as everyone keeps capacity in line, we should be able to continue to be OK," Parker told CNBC.

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