Citing the improved economy, cost cuts, rebounding demand and rising ancillary revenues, US Airways posted a second quarter profit of USD279 million on revenues of USD3.1 billion compared to a loss of USD58 million in 2Q2009. "We are extremely pleased to report our second highest quarterly profit since our 2005 merger,” said Chair and CEO Doug Parker. “Over the past three years, US Airways has taken the steps required to return to profitability, including reducing capacity, maintaining cost discipline, increasing ancillary revenues, and establishing industry-leading operational reliability. Those steps, combined with an improving economic environment, have led to these results.”