UPDATE: US Airways Reports Drop In Q2 Profit

US Airways Group Inc LCC reported a decline in its quarterly profit. US Airways reported its Q2 profit at $92 million, or $0.49 per share, down from $279 million, or $1.41 per share, in the year-earlier period. Excluding special items, the airline's earnings came in at $0.56 per share. Its total revenue climbed 10.5% y/y to $3.5 billion from $3.17 billion. Analysts were expecting earnings of $0.61 per share on revenue of $3.51 billion. LCC shares dropped 0.29% to $6.88 in pre-market trading.