Independence warns of possible bankruptcy

08/10/2005 | USA Today

While reporting second-quarter losses of $98 million -- more than triple the amount of a year ago -- Independence Air issued a warning that it may soon file for bankruptcy. The carrier hopes to borrow money in order to stay afloat, but Chief Executive Officer Kerry Skeen explained such an approach might not be easy. "We can't provide assurances that our efforts will be successful. We realize there are tough times ahead," Skeen said.

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