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With Jackie Spinner
Washington Post Staff Writer
Friday, Nov. 30, 2001; 1 p.m. EST
Live Right Now!
Even before Sept. 11, US Airways was going through difficult times. The airline’s
plan to merge with United Airlines failed last summer. In August, it launched a
restructuring plan to reinvent itself by trying to become both a global and
low-cost carrier, with smaller jets, new work rules and more international routes.
That plan, executives said at the time, was the only way for the airline to
survive.
Since Sept. 11, US Airways reported its largest quarterly loss in its 61-year
history. The airline has laid off 11,000, reduced its operations by 23 percent and
eliminated its low-fare MetroJet service out of Baltimore-Washington and Dulles
international airports. And yesterday, company president and CEO Rakesh Gangwal resigned.
Post business travel columnist Keith L. Alexander and his guest Stephen Usery of US Airways will be live on Wednesday, Nov. 28 at 1 p.m. EST to discuss the airline’s future and other airline issues including security. Usery is the airline’s vice president of marketing.
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Two months after Congress began debating a system for backing up insurance
companies in the event of another terrorist attack, the market is in
turmoil, creating widespread problems for virtually every business or
institution whose insurance policy is up for renewal.
Commercial premiums are increasing, and in many cases business customers
are paying more for far less coverage as the terms and conditions of their
policies are changed.
The House is scheduled on Thursday to vote on a system for backing up the
insurance industry in the event of another terrorist attack. Senate leaders
are preparing their own plan.
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