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DC ARENA SPONSOR, USAIR, POSTS BIG LOSS FOR THE QUARTER
Published October 25, 1994
USAir Group Inc. yesterday reported a third-quarter loss of $180.1M and "predicted a continued drop in revenue for the remainder of the year as its airline struggles to cut" $1B a year in costs. Airline officials estimated that as much as $40M of this year's 3rdQ loss "is a direct result of passengers turning to other airlines" after last month's crash of a USAir jetliner outside Pittsburgh that killed 131 people. USAir owns the naming rights to the arena owned by Capitals/Bullets owner Abe Pollin (WASHINGTON POST, 10/25).