US Airways Files For Chapter 11
Airlines Seeks Bankrupty Protection For Second Time In 2 Years
The company's president is vowing to continue restructuring the nation's seventh-biggest airline into a low-cost carrier during the bankruptcy process."A restructured US Airways with low costs and low fares will be a dynamic competitor," said company president Bruce Lakefield. The Chapter 11 filing 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.According to a company statement, flight operations and customer service programs will continue as normal.Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

















Three Disney employees are placed on paid leave pending the investigation into a fatal monorail crash.
Days before Austin Wuennenberg was killed in a monorail crash at Disney, he helped make a 4-year-old boy's dream come true.
A clerk at a pizzeria cut himself and falsely reported an armed robbery to cover up his drug habit, sheriff's deputies say.
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