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US airways said on Tuesday it will receive $234 million in net proceeds from the full exercise of its previously announced common stock and convertible note offerings from underwriters.
It will offer total 17,5 million shares of its common stock and $172.5 million of its new 7.25 percent convertible notes due to 2014.
Recently it offered15.2 million shared at $3.97 per share and $150 million convertible notes, which expected to closed on May 13, 2009
It also posted its first quarter net loss of 57 percent decrease to $103 million or 90 cents per share, compared with a loss of $237 million or $2.58 per share, a year ago.
Shares of US Airways fell $0.27 to 7.20 Percent at $3.48 in the New York Stock Exchange trading.
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