US Airways profit triples; fares up, fuel down

TEMPE, AZ - US Airways says its second-quarter profit tripled to $306 million as fares rose and fuel prices fell.

The airline says the quarterly profit was the biggest in its history.

The profit worked out to $1.54 a share. But before items, the company would have earned $1.61 per share. That was 5 cents higher than Wall Street expected.

Revenue rose 7.2 percent to $3.75 billion, matching Wall Street expectations.

Traffic rose less than 1 percent compared with last year. But passengers paid 6 percent more to fly. Meanwhile, fuel prices fell 4 percent from a year earlier.