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BRIEFLY

Earnings

January 26, 1994|From Times Staff and Wire Reports

USAir Group Inc. Narrows Loss: The airline parent cut its fourth-quarter loss roughly in half after taking a $60.2-million charge to write down airport facilities and implement wage concessions. Including the charge, the holding company for the nation's sixth-largest airline posted a net loss of $116.5 million, or $2.29 per share, in the last quarter of 1993, on revenue of $1.8 billion. A year earlier, the company lost $254 million, or $5.66 per share, on revenue of $1.6 billion. Charges in that quarter, largely tied to job cuts and other forms of restructuring, amounted to $143.9 million.

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