Numbers for 3 troubled airlines
Here are some key financial numbers on each, plus major airline-industry bankruptcy filings of the past 10 years:
-- US Airways Group Inc., based in Tempe, Ariz.
2008 results, $12.1 billion in revenue, net loss of $2.2 billion; unrestricted cash on June 30, $1.7 billion.
-- United Airlines parent UAL Corp., based in Chicago.
2008 results, $20.2 billion in revenue, net loss of $5.3 billion; unrestricted cash on June 30, $2.6 billion.
-- American Airlines parent AMR Corp.
2008 results, $23.8 billion in revenue, net loss of $2.1 billion; unrestricted cash on June 30, $2.8 billion.
Major airline bankruptcy filings since 1999:
-- Delta Air Lines, September 2005
-- Northwest Airlines, September 2005
-- ATA Airlines, October 2004
-- US Airways, September 2004
-- United Airlines, December 2002
-- US Airways, August 2002, Note A
-- Trans World Airlines, January 2001, Note B
Note A -- This carrier later combined with America West Airlines to form US Airways Group Inc.
Note B -- While in bankruptcy protection, TWA was purchased by AMR and no longer operates as a separate carrier.
Sources: Company regulatory filings, press releases.
- <LI class=byline>By The Associated Press
- On Wednesday August 26, 2009, 12:27 pm EDT
Here are some key financial numbers on each, plus major airline-industry bankruptcy filings of the past 10 years:
-- US Airways Group Inc., based in Tempe, Ariz.
2008 results, $12.1 billion in revenue, net loss of $2.2 billion; unrestricted cash on June 30, $1.7 billion.
-- United Airlines parent UAL Corp., based in Chicago.
2008 results, $20.2 billion in revenue, net loss of $5.3 billion; unrestricted cash on June 30, $2.6 billion.
-- American Airlines parent AMR Corp.
2008 results, $23.8 billion in revenue, net loss of $2.1 billion; unrestricted cash on June 30, $2.8 billion.
Major airline bankruptcy filings since 1999:
-- Delta Air Lines, September 2005
-- Northwest Airlines, September 2005
-- ATA Airlines, October 2004
-- US Airways, September 2004
-- United Airlines, December 2002
-- US Airways, August 2002, Note A
-- Trans World Airlines, January 2001, Note B
Note A -- This carrier later combined with America West Airlines to form US Airways Group Inc.
Note B -- While in bankruptcy protection, TWA was purchased by AMR and no longer operates as a separate carrier.
Sources: Company regulatory filings, press releases.