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Us Air's Survival Prospects

BoeingBoy

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US Air's Survival Prospects
Mark Tatge, 04.20.04, 6:21 PM ET

NEW YORK - Chief Executive David N. Siegel's surprise departure as chief executive of US Airways Group Monday signaled just how serious things are at the nation's seventh largest airline. It was Siegel who piloted U.S. Airways through bankruptcy. He secured $1.2 billion in new capital and nearly $2 billion in annual cost savings.

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