US Airways loses $98.6 million in January = = = = Thursday February 27, 6:35 PM EST = ARLINGTON, Va., Feb 27 (Reuters) - Bankrupt US Airways (UAWGQ) lost $98.6= million in January on operating revenues of $476 million, which fell sho= rt of projections for the month, the company said on Thursday. The No. 7 airline said this week in bankruptcy court that February revenu= es are also running behind expectations, largely because of the mid-month= snowstorm that closed airports and slowed air service in the East for th= ree days. In a filing with the Securities and Exchange Commission, US Airways said = it paid $67 million for fuel in January and $212 million in labor costs. = Those two items drove operating expenses of $578 million. Neal Cohen, US Airways chief financial officer, testified in bankruptcy c= ourt this week that the airline had roughly $470 million in cash on hand.= US Airways hopes to emerge from bankruptcy protection at the end of March= with the help of $200 million in emergency financing from its lead inves= tor and a $1 billion loan mostly backed by the government. = =A92003 Reuters Limited. = Roger EWROPS