US Airways Group on Wednesday posted a quarterly profit against a year-ago loss as the industry extends a recovery from the most recent economic downturn that drained travel demand.

The company said its fourth-quarter net income came to $28 million, or 17 cents a share, compared with a year-earlier loss of $79 million, or 49 cents a share.

The airline said the results marked its first profitable fourth quarter since 2006.

The company's shares rose 3.7 percent to $10.50 in trading before the market opened.

(Reporting by Karen Jacobs, with added reporting by Kyle Peterson in Chicago; Editing by Lisa Von Ahn)