
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, October 25, 1994                   TAG: 9412220119
SECTION: BUSINESS                    PAGE: C8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

USAIR REPORTS LOSS OF $180 MILLION

USAir Group Inc. reported a third-quarter loss of $180.1 million Monday and predicted a continued drop in revenue for the remainder of the year as its airline struggles to cut $1 billion a year in costs.

Airline officials estimated that as much as $40 million of this year's third-quarter loss is a direct result of passengers turning to other airlines after last month's crash of a USAir 737 jetliner outside Pittsburgh that killed 131 people.

USAir Chairman Seth E. Schofield called the results ``disappointing.'' He said revenue for the quarter was below company expectations and said USAir now expects revenue for the rest of the year to be below earlier company projections. In a statement, Schofield said the losses ``underscore the urgent need to reduce operating costs to a level competitive with the industry.''

USAir has asked its unions for wage and work-rule concessions totaling $500 million a year.

- The Washington Post

by CNB