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US Airways likely to file for bankruptcy protection.
Knight Ridder/Tribune Business News, September, 2004
The Charlotte Observer, N.C. Knight Ridder/Tribune Business News
Sep. 12--US Airways is expected to file for bankruptcy protection today after a last-ditch effort to reach new cost-saving labor agreements collapsed on Saturday, according to sources familiar with the airline's plans.
Even though Charlotte's dominant carrier made new proposals to its pilots and flight attendants on Friday, no talks occurred Saturday.
The airline has warned for months of the possibility of bankruptcy -- under which it could still fly -- and it has been consulting the past few days with hired bankruptcy advisers.
US Airways spokesman David Castelveter said Saturday evening no decision on bankruptcy had been made. The board would make the final...
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