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Posted on 30/08/04

U.S. airlines face looming financial turbulence

WASHINGTON -- Mass layoffs, a looming cash crunch and bankruptcy protection.Sound like Air Canada? You bet.But it's also the grim reality facing several major U.S. airlines, including US Airways Group Inc., United Airlines Inc., Delta Air Lines Inc., and at least one of the once-thriving discounters, ATA Holdings Corp.

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