USA Today is running a peice today that US may re-enter Chapter 11 reorg:

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US Airways 'fighting for survival': It's losing money, faces a rough ride with staff over cuts and risks getting savaged by low-cost rivals. Given all that, The Pittsburgh Tribune-Review says it's no surprise that talk of a second Chapter 11 filing for the airline could be in the works. "The advantage of going back into bankruptcy would be they could reopen more labor agreements and reject jet leases," said Robert Mann Jr., head of airline consultancy R.W. Mann & Co. Those costs amount to 45% of the airline's yearly overhead. Meanwhile, chairman David Bronner appears to be softening his stance on the hub at Pittsburgh, which he once threatened to leave unless costs were slashed. He now calls the city "an integral part" of the network and "too big" not to be a hub. Talking to the Pittsburgh Post-Gazette, Bonner acknowledged he's "fighting for the survival" of the carrier. If unions won't agree to more concessions, he says, US Airways "dissolves. It goes away."
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http://www.usatoday.com/travel/flights/today/sky.htm#usb

There is nothing new here. It must have been a slow news day for the USA Today crowd. Anyone notice this comment?

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">"The advantage of going back into bankruptcy would be they could reopen more labor agreements and reject jet leases," said Robert Mann Jr., head of airline consultancy R.W. Mann & Co. Those costs amount to 45% of the airline's yearly overhead.</font>


I'm no expert, but SOMETHING tells me aircraft lease payments and labor costs are more that 45% US's expenses.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by geo1005:

I'm no expert, but SOMETHING tells me aircraft lease payments and labor costs are more that 45% US's expenses.</font>

That does seem really low. You gotta figure those are their two biggest expenses.

I agree it must have been a slow day at USA Today - unfortunately not good press for US.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by dcmike:
That does seem really low. You gotta figure those are their two biggest expenses.
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They sure as hell ain't spending it on glassware in FC! http://www.flyertalk.com/forum/wink.gif