US Airways Group reports a first quarter net loss of $45 million

US Airways Group, Inc. (Phoenix) reported its first quarter net loss of $89 million, or ($0.55) per share, which excludes special items totaling a net credit of $44 million. Net loss excluding special items for the first quarter 2009 was $260 million, or ($2.28) per share. On a GAAP basis, the Company reported a net loss of $45 million for its first quarter 2010, or ($0.28) per share, compared to a net loss of $103 million, or ($0.90) per share, for the same period in 2009.

Copyright Photo: Jay Selman. Airbus A319-112 N753US (msn 1326) of US Airways climbs away from the runway at Charlotte.