US Airways Files for Bankruptcy

Second time in two years; CEO vows to keep restructuring



September 12, 2004
MSNBC

ARLINGTON, Va. - US Airways Group Inc., the nation�s seventh largest airline, filed for bankruptcy protection Sunday for the second time in two years. The company�s president vowed to continue restructuring the airline into a low-cost carrier during the bankruptcy process.

advertisement�We have come too far and accomplished too much to simply stop the process and not succeed,� said Bruce Lakefield, US Airways� president and chief executive. �A restructured US Airways with low costs and low fares will be a dynamic competitor.�

US Airways said customers would notice no operational changes as a result of the bankruptcy and that it will seek permission to continue its frequent flyer program.

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