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US Airways posted a narrower fourth-quarter loss Monday.

The airline, which is under bankruptcy-court protection, said it lost $794 million in the quarter, or $11.67 a share, compared with a loss of $1.61 billion, or $17.07 a share, a year earlier.

"Our disappointing results reflect an industry that continues to operate in uncertain economic times with weak passenger demand, escalating fuel prices and the threat of war," said David Siegel, US Airways president and chief executive.

"Despite these challenging conditions, we have made great progress in our efforts to restructure our company and remain on track for emerging from Chapter 11 reorganization at the end of March 2003. We are gaining momentum and are achieving the cost position, regional jet growth and alliance network necessary to compete more aggressively," said Siegel.

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