US Q1 RESULTS

US Airways has reported a first-quarter net loss of $114 million, from a $45 million net deficit in the same quarter last year. The airline blamed fuel increases for the poor figures. The result is “obviously not moving in the direction we want it to move,” Chairman and CEO Doug Parker told reporters. Mainline traffic increased 4% to 13.57 billion RPMs on the back of a 2.8% rise in capacity to 17.04 billion ASMs, producing a load factor of 79.7%, up 1%. First-quarter mainline yield was up 7.6% on last year to 14 cents as PRASM rose 8.9% to 11.15