America West Airlines: The air carrier’s third-quarter...

America West Airlines: The air carrier’s third-quarter net profit rose 42% to $5.76 million on revenue of $243.44 million, a gain of 21% over a year ago. The results reflect a payment of $2.6 million from a foreign firm for the use of certain tax benefits. The Phoenix-based firm’s third-quarter 1988 results included an extraordinary gain of $1.58 million resulting from a buyback of convertible subordinated debentures on the open market.