Bankrupt US Airways on Wednesday said it took a $91 million charge in its recently reported first quarter related to the termination of three benefit pension plans. Consequently, the company's net loss for the quarter was $282 million, or $5.13 a share, as opposed to the net loss of $191 million reported for the quarter last Friday. The No 7 US carrier repeated that it plans to exit bankruptcy in mid-2005. US Airways has until May 31 to file a business plan without interference from creditors. The airline has been weakened along with the rest of the industry by soaring fuel costs, weak revenue and competition from low-cost rivals. US Airways recently confirmed it is in talks with America West Holdings on a possible merger.
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