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United Airlines Bankruptcy

NPR's Cheryl Corley reports that United Airlines filed for bankruptcy today. The airline has lost about $4 billion dollars in the last two years and didn't have enough cash to pay off nearly a billion dollars in debt that was due this week. It was business as usual for the flying public, though. The airline has promised to keep flying while it comes up with a plan to reduce costs under the supervision of the bankruptcy court.

Copyright 2002 NPR

Cheryl Corley
Cheryl Corley is a Chicago-based NPR correspondent who works for the National Desk. She primarily covers criminal justice issues as well as breaking news in the Midwest and across the country.