Business

EARNINGS ROUNDUP

Full planes boost US Airways

NEW YORK — Full planes were good to US Airways in the first quarter.

The nation’s fifth-largest airline on Tuesday posted a bigger adjusted profit as it carried more passengers and collected more from them.

Advertisement

Revenue from government travelers dropped 37 percent in March, when federal spending cuts kicked in. But ‘‘leisure demand has remained quite strong thus far in 2013,’’ President Scott Kirby said on a conference call.

The airline earned $44 million, or 26 cents per share. Its adjusted profit was 31 cents per share, topping the expectations of analysts polled by FactSet.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

Revenue rose 3.5 percent to $3.38 billion, driven by what the airline called ‘‘a strong demand environment.’’

US Airways plans to merge with American Airlines. The combined airline would be the biggest in the world.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com