Transportation

US Airways Posts Lower Quarterly Profit

The airline carrier reported its net income came to $44 million, or 26 cents a share, compared with $48 million, or 28 cents a share, a year earlier.

Judge Denies AMR CEO $20M Severance

A judge rejected a proposed severance payment of nearly $20 million for the head of American Airlines parent AMR, saying the payout is not allowed under federal bankruptcy law.