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US Airways Files for Bankruptcy

HeadlineSep 13, 2004

US Airways, the nation’s seventh largest airline, filed for bankruptcy protection Sunday for the second time in two years. The company’s president vowed to continue restructuring the airline into a low-cost carrier during the bankruptcy process. The Chapter 11 filing in US Bankruptcy Court in Virginia came after US Airways was unable to obtain $800 million in annual cost cuts from its workers’ unions that the airline said it needed to stay afloat.

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