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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 16, 2001
Page
7
A dense scan of fund listings shows varied movers across equities and fixed income. Notable shifts include declines in ChartAp and Constp along with gains in GloAgGp and Valup, while many mutual funds report mixed results across categories and managers.
US Airways, based in Arlington, unveils a long term strategy to regain profitability by shifting main routes to regional jets to reduce empty seats. CEO Rakesh Gangwal says the carrier must fix empty-seat waste as Wall Street drums up a cautious response to the plan. The airline projects a Q3 loss of about 160 million dollars amid weak business travel demand. In Charlotte, NC, the carrier operates 519 daily departures with only 4 percent on regional jets.
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