generaltso
Marcy Projects
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- Jan 12, 2002
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ALEXANDRIA, Va. (AP) - US Airways, hard hit by the drop off in travel after the Sept. 11 terrorist attacks, filed for Chapter 11 bankruptcy protection Sunday, the company said.
The airline, which has mentioned bankruptcy as possibility after it lost $2.1 billion during 2001, said all of its flights are expected to continue. The Arlington, Va.-based airline said it received $500 million in financing to keep operating while it reorganizes.
"Ultimately, this effort is about our customers, employees and the communities we serve, as we seek to fix the airline's finances and return to profitability," said US Airways president and chief executive David Siegel. "US Airways will continue to operate while we complete our financial restructuring, and our customers should be confident that we will continue service to the more than 200 communities in our network."
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The airline, which has mentioned bankruptcy as possibility after it lost $2.1 billion during 2001, said all of its flights are expected to continue. The Arlington, Va.-based airline said it received $500 million in financing to keep operating while it reorganizes.
"Ultimately, this effort is about our customers, employees and the communities we serve, as we seek to fix the airline's finances and return to profitability," said US Airways president and chief executive David Siegel. "US Airways will continue to operate while we complete our financial restructuring, and our customers should be confident that we will continue service to the more than 200 communities in our network."
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