Ailing US Airways ‘up for sale’
Investment banks have been hired to find potential buyers for loss-making US Airways. The move came as the carrier admitted that it continued to struggle against more efficient low cost competitors. The airline, which emerged from Chapter 11 bankruptcy protection last year, admitted that budget airlines had brought a “fundamental change” to the US aviation industry. Revealing reduced 2003 fourth quarter pre-tax losses of $99 million against $848 million for the same period in 2002, said: “We have made progress in reducing out losses but regrettably we are behind our plan of achieving sustained profitability.” The airline, which starts formally participating in the Star Alliance in the second quarter of 2004, revealed hat investment banking advisors had been engaged “in an exploratory process to identify and value its assets, and that includes identifying potential buyers”. US Airways has been seen as a potential target for Virgin Atlantic as chairman Sir Richard Branson seeks to establish an airline presence in North America. Report by Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt