No. Net income was $1.63 billion. They stilled showed a loss of $269 million. -----Original Message----- From: The Airline List [mailto:AIRLINE@xxxxxxxxxxxxxxxxx] On Behalf Of lafrance@xxxxxxxxxxx Sent: Tuesday, May 06, 2003 5:56 PM To: AIRLINE@xxxxxxxxxxxxxxxxx Subject: Is this correct??(USALA) reported a $1.63 billion first-quarter profit US Airways posts quarterly profit on restructuring =20 =20 =20 =20 Tuesday May 6, 5:29 PM EDT=20 CHICAGO, May 6 (Reuters) - US Airways Group Inc. (USALA) reported a = $1.63 billion first-quarter profit on Tuesday after its bankruptcy = reorganization helped reduce its costs. US Airways, which emerged from bankruptcy on March 31, showed a pretax = loss of $282 million for the quarter. One year earlier, the Arlington, Virginia-based airline posted a loss of $269 million, or $3.97 per share. US Airways, the No. 7 U.S. airline, has slashed its annual costs by = about $2 billion since last summer, which includes about $1 billion in cuts = extracted from its labor unions. US Airways' first-quarter revenue fell to $1.5 billion from $1.7 billion = a year earlier, as it shrunk the size of its operations.=20 C2003 Reuters Limited. =3D