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Old 08-11-2002, 05:34 PM   #1
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US Airways Files for Ch. 11

US Airways Files for Ch. 11

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ARLINGTON, Virginia (Reuters) - Struggling US Airways Group Inc. on Sunday said it filed for Chapter 11 bankruptcy protection, allowing the sixth-largest U.S. airline to complete a restructuring plan and continue to run flights without interruption.
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Old 08-12-2002, 08:11 AM   #2
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US Airways Announces Bankruptcy

US Airways Announces Bankruptcy


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The airline said that it was reviewing its schedules and that it might eventually reroute passengers with connecting flights to make better use of its hub cities, potentially causing confusion on the East Coast, where US Airways is a dominant carrier.
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The airline will shrink considerably, industry analysts predicted. The carrier, based in Arlington, Va., will almost certainly retool its inefficient hub operations, trim the size of its fleet and eliminate more jobs. Its extensive route network in the Eastern states is built around hubs in Philadelphia, Pittsburgh and Charlotte, N.C.
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