US Airways ended the third quarter to 30 September with $2.4 billion in total cash and investments, of which $389 million was restricted, up from $2 billion of which $530 million was restricted in the year-earlier period.
During the third quarter, the airline purchased approximately $69 million aggregate principal amount of its 7% senior convertible notes due 2020, at a price of $1,000 per $1,000 of principal amount.
After giving effect to the purchase of the tendered notes, approximately $5 million principal amount of the notes remain outstanding.
US Airways swung from an $80 million loss a year ago to a $240 million profit for the third quarter.
Expenses for US Airways for the third quarter grew 5.6% to $3 billion as fuel costs jumped 17% to $625 million.
Source: Commercial Aviation Online
