September 2004 BTW.
2nd trip.
“The company, the nation’s seventh-largest airline, said financial deadlines looming Sept. 30 forced it to file now to conserve cash to navigate bankruptcy. The airline also had a $110 million pension payment due Wednesday if it had not sought protection.
US Airways Chairman David Bronner had warned several weeks ago that the airline would most likely have to liquidate if it filed for bankruptcy. Lakefield backed off those comments Sunday and assured customers that the airline faced no immediate danger of shutting down.
Customers were pleased — yet wary.
“I would not be very happy if they closed down,” said Peter Windeit, who regularly flies to U.S. cities and to Europe on business. “I hope they get the money to get out of this.”
The company’s return to bankruptcy comes as several of its larger rivals also confront weak finances. UAL Corp.’s United Airlines has been operating under bankruptcy for nearly two years, AMR Corp.’s American Airlines was on the brink of a filing 18 months ago, and Delta Air Lines Inc. warned it might seek protection soon if it cannot trim its labor costs.”