US Airways' net income down 68% in third quarter

US Airways Group reported a net profit excluding special items for the third quarter 2011 of $95 million. This compares with the third quarter 2010 net profit excluding special items of $243 million. On a GAAP basis, the Company reported a net profit for the third quarter 2011 of $76 million compared with the third quarter 2010 net profit of $240 million. Total revenues in the third quarter were a record $3.4 billion, up 8.1% versus the third quarter 2010 on a 1.2% decrease in total ASMs.