US Airways' November revenue declines, loss increases ALEXANDRIA, Va. (AP) =97 Revenue at US Airways declined in November while= the=20 airline's net loss widened, according to documents filed Monday in federal= =20 bankruptcy court. US Airways' revenue totaled $519 million for the month,=20 down 9 percent from $572 million in October, according to the company's=20 monthly operating report. Net losses amounted to $118 million, a 157=20 percent increase from $46 million in October. Operating expenses in=20 November totaled $615 million compared with $553 million in October.=20 Expenses related to the company's bankruptcy reorganization amounted to $11= =20 million in November compared with $67 million in October. US Airways filed= =20 for bankruptcy protection in August. As part of its restructuring efforts,= =20 the company is reducing its operations and flight schedule at Florida's=20 Orlando International Airport, according to papers filed with the U.S.=20 Bankruptcy Court in Alexandria, Va. US Airways will reduce the number of gates it leases at the airport to 6=20 from 15. It will also try to reduce facilities it leases to support its=20 flight services, such as ticket counter offices, baggage claim facilities,= =20 administrative offices and club facilities. The airline said the move will save about $18 million for the remaining=20 lives of the leases, or about $3 million a year. US Airways, based in=20 Arlington, Va., has terminated or is in the process of ending operations at= =20 various locations, along with seeking cost savings from employees. The=20 company's proposed reorganization plan calls for the Retirement Systems of= =20 Alabama =97 one of its top creditors =97 to inject $240 million into the=20 reorganized company in exchange for a substantial equity stake. In Friday's= =20 court papers, US Airways asked U.S. Bankruptcy Judge Stephen Mitchell for=20 permission to end its leases at the Orlando airport and to enter a new=20 operating agreement or lease for only the premises it needs. Mitchell is=20 scheduled to consider the airline's request at a hearing Jan. 16. *************************************************** The owner of Roger's Trinbago Site/TnTisland.com Roj (Roger James) escape email mailto:ejames@escape.ca Trinbago site: www.tntisland.com Carib Brass Ctn site www.tntisland.com/caribbeanbrassconnection/ Steel Expressions www.mts.net/~ejames/se/ Site of the Week: http://www.hilofoodstores.com TnT Webdirectory: http://search.co.tt *********************************************************