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On 2/4/2003 2:55:12 PM dfw79 wrote:
US Airways, which filed for bankruptcy in August, narrowed its quarterly net loss by about one-third to $794 million,
The airline said it took a $742 million charge to its stockholders' equity during the fourth quarter for the increase in its pension liability.
Take away the one time charge and thats what...a loss of $52 million? Imagine what this will look like without the pension problems.
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The $742 million charge to equity is not part of the $794 million loss, so your loss estimate of $52 million is not accurate.
USAirways states in the release that excluding special items, I they lost $295 million on actual operations.