America West Airlines reports first quarter income of $1.2m on revenues of $576.5m. This is the fourth quarterly profit for the Phoenix based carrier. A year ago Cactus lost $62m. CEO Doug Parker sez AmWest should be profitable for the balance of 2004 and the new transcon flights are helping the bottom line (look for even more). At the end of the quarter Cactus had $433m in unrestricted cash and was able to pay $43m toward their govt guaranteed loan. Kudos to all fellow Cactusheads! RT Simpson Phoenix Fan of Cactus kicking Legacy butt