UPDATE: US Airways Reports Lower-Than-Expected Q1 Loss

US Airways Group Inc LCC reported lower-than-expected Q1 loss. The company's quarterly loss came in at $114 million, or $0.71 per share, versus a loss of $45 million, or $0.28 per share, in the year-ago period. The company's revenue increased 12% y/y to $2.96 billion. However, analysts were expecting a loss of $0.73 per share on sales of $2.94 billion. LCC shares gained 0.24% to $8.30 in pre-market trading. Read more from Benzinga's Company news.