A new report predicts US Airways will face its second bankruptcy next month if it fails to reach an agreement with its unions. The consultancy firm, Glazer & Co. said the Pilots must accept less as the company needs an additional $800 million in concessions from its workers to avoid a second bankruptcy. Other consultants agreed with the findings, but believe US Airways has more than a month. The Pilots Association said they agreed "in principle" with the consultant's findings.
See "US Airways Could Fail Next Month", Sara Kehaulani Goo, The Washington Post, August 12, 2004