US Airways narrowed its first-quarter loss "as some of its old fuel hedging contracts turned positive," The Associated Press reports. But the carrier also announced a new fee, saying it would charge customers an extra $5 per bag if they check luggage at the airport instead of online. As for the company's results, AP writes "if not for the improving fuel hedges, US Airways says it would have lost $260 million, or $2.28 per share. That was slightly better than the expectation of analysts surveyed by Thomson Reuters, who expected a loss of $2.38 per share on revenue of $2.5 billion." Reuters adds the airline's "loss narrowed 57% on capacity cuts and accounting gains for fuel hedge contracts related to cheaper jet fuel."
Regarding the new $5 checked-bag fee, The Wall Street Journal writes "passengers can avoid the extra $5 charge if they prepay their baggage fees by checking in online. The airline doesn't charge to check baggage for travelers with preferred status on its frequent-flier program, those flying across the Atlantic, and military personnel on active duty." Bloomberg News adds that "payments through US Airways’ Web site can be made today for flights starting July 9, Morgan Durrant, a spokesman, said in an interview. The … carrier began charging $15 to check one bag and $25 for a second last year."
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