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US Airways Mulls Restructuring Plan
US Airways (U Quote) is trying to develop a restructuring plan that would, among other things, lower the company's cost structure and increase the number of jets in the carrier's regional system.
In a filing with the Securities and Exchange Commission, the airline said it expects that any restructuring plan would be supported by a government loan through the Air Transportation Safety and System Stabilization Act, which Congress passed to offer assistance to the nation's carriers after the Sept. 11 terrorist attacks.
US Air said it needs its employees, suppliers and financial backers to get behind the plan. Otherwise the airline suggested it might be forced to consider filing for bankruptcy. ...
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