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Old Mar 30, 2003 | 3:29 pm
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ayb1
 
Join Date: Dec 2002
Location: London, UK (US2)
Posts: 257
US Airways to Emerge From Bankruptcy

http://story.news.yahoo.com/news?tmp...s_bankruptcy_7

ARLINGTON, Va. - US Airways leaves bankruptcy Monday — during a war that has ravaged bookings — to test whether its reorganization was sufficient to help it survive a time of unprecedented financial turbulence in the airline industry.

The airline's speedy emergence from bankruptcy after eight months amazed experts who predicted a reorganization would take much longer. But US Airways' sprint from Chapter 11 protection is concluding in the midst of a war that threatens to devastate the entire industry.

In its business plan, the nation's seventh-largest airline projects a profit of more than $100 million next year beased on revenue growth of 13 percent, although the forecast was formulated before the Iraq (news - web sites) war's start. The company has lost more than $3.8 billion over the last two years.

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Hopefully they won't find the need to change any of their FF program requirements for a bit.
--Alex
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