US Airways is restoring 37 flights to Europe

All were suspended after Sept. 11 attacks

March 16, 2002|By BLOOMBERG NEWS

ARLINGTON, Va. - US Airways Group Inc. said yesterday that it would restore 37 trans-Atlantic flights that were suspended after the Sept. 11 terrorist attacks.

The sixth-largest U.S. airline said it would increase to 98 from 61 its weekly round trips between Charlotte, N.C., Philadelphia and Pittsburgh and Britain, Germany, France, Italy, Spain and the Netherlands.

The additions start today and will be completed by June 16.

Except for 14 weekly flights between Charlotte and Paris, the carrier is restoring all trans-Atlantic flights that were in place before the hijackings.

U.S. airlines reduced capacity about 20 percent after the attacks deepened a travel slump caused by the recession. Carriers are adding flights as the spring and summer travel seasons approach.

US Airways had record losses of $1.01 billion, or $1.50 a share, in the fourth quarter and $1.97 billion, or $29.28 a share, for all of 2001.

The carrier this month named David N. Siegel, who had led Cendant Corp.'s Avis rental-car unit, as chief executive officer and president to try to turn the company around.

Shares of US Airways Group, the airline's holding, company fell 18 cents yesterday to close at $6.07 on the New York Stock Exchange. The stock declined 82 percent during the past 12 months.

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