US Airways posts $76 mln February operating loss

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US Airways posts $76 mln February operating loss

NEW YORK (Reuters) =97 US Airways, which exited Chapter 11 bankruptcy on=20
Monday, said Thursday its February operating loss fell 25% from January's=20
though revenues edged down. The No. 7 U.S. airline said its operating loss,=
=20
which excludes interest expenses and various reorganization items, totaled=
=20
$75.8 million in February, down from $101.3 million in January. Operating=20
revenues fell less than 1% to $473.8 million from $477 million. Including=20
interest and various reorganization items, the carrier said it lost $98=20
million in February, compared with $98.7 million in January. US Airways,=20
which is based in Arlington, Virginia, disclosed its results in a filing=20
with the U.S. Securities and Exchange Commission. The airline emerged from=
=20
Chapter 11 after fewer than eight months as a smaller carrier expected to=20
focus more on regional jets. It has cut annual operating costs by $1.9=20
billion and schedules 25% fewer flights than it did before the Sept. 11=20
attacks. US Airways expects to lose money in 2003 and 2004.


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