DELL_dude From , joined Dec 1969, posts, RR: Posted (13 years 8 months 5 days 8 hours ago) and read 2101 times:
Very sad news.....
For Immediate Distribution Newsgram 01-254
And Bulletin Board Posting August 29, 2001
TWA WILL END CAIRO AND RIYADH SERVICE -
EMPLOYEES WILL RECEIVE SEVERANCE BENEFITS AND BOOKED
PASSENGERS WILL BE REPROTECTED
TWA Airlines LLC will end service from New York to Cairo
and Riyadh effective September 30, 2001. The respective
governments as well as TWA employees in the two cities
were advised of the cancellation today. Customers who
have booked travel on these flights after September 30 will
be contacted in the next few days and will be provided
alternative travel arrangements at no additional charge.
At the time American Airlines purchased the assets of TWA
earlier this year, it was hoped that these routes could
perform at a level of profitability that would justify
continued operation. Unfortunately that has not occurred,
as the U.S. and world economies have remained sluggish and
as U.S. airline traffic and revenues have declined steeply.
We do not see a likelihood of a return to profitability on
these routes in the future, and thus have made the
difficult decision to terminate service.
While this is a sound and correct business decision, it is
also a sad moment for TWA. We have served this part of the
world for more than 50 years and during that time we have
enjoyed a wonderful relationship with the governments, the
travel trade and the people of both Egypt and Saudi Arabia.
We are very grateful for the support we have received from
all of these groups and for the opportunity we were given
to serve our Egyptian and Arabian friends. We thank our
colleagues in Egypt and Saudi Arabia for their very fine
work on behalf of TWA.
TWA employees in Cairo and Riyadh will be provided
severance packages that are both fair and consistent with
local laws and requirements. Details of those packages
are still being discussed, and employees will be advised
directly as soon as possible.
In recent weeks, American has taken a number of belt-
tightening actions to counteract the effects of a weak
economy and two quarters of financial losses, including
announcement of early retirement of 19 TWA aircraft and
17 AA aircraft, the reduction of nearly $1 billion in
capital spending and the cancellation of other unprofitable
Twaneedsnohelp From , joined Dec 1969, posts, RR:
Reply 4, posted (13 years 8 months 5 days 3 hours ago) and read 1910 times:
Thats true, Saudi's daily 777 service from JFK to KSA will be the only nonstop link between the two countries.
However, service to Egypt is still strong with Delta and EgyptAir and service to Dubai with Delta and Emirates (upcoming). Service to TLV is still provided by El Al, Delta, and Continental, but service to Amman is only with Aaliyah Royal Jordanian.
ContinentalEWR From United States of America, joined May 2000, 3762 posts, RR: 12
Reply 10, posted (13 years 8 months 4 days 20 hours ago) and read 1817 times:
TWA's JFK operation has not been profitable since 1989 and the Cairo-Riyadh route did well as long as the US
economy hummed along, business travel remained robust, and violence in Israel and the West Bank and Gaza remained in check.
TWA's JFK-CDG route is the next and last Atlantic route to get the axe and sooner rather than later. AA has 2
daily flights on this route and faces still competition from AF/DL.
TWA is effectively over at JFK. Very sad to see but the remaining routes will be folded into American's route system very soon as added frequencies like Miami, SF,
LAX, and FLL.
CV990 From , joined Dec 1969, posts, RR:
Reply 11, posted (13 years 8 months 4 days 15 hours ago) and read 1799 times:
I was twice at TWA hub, St. Louis/Lambert Airport. First was in 1989, I could see many L1011's, some 767's, also some 747 and of course those 727's, DC-9's and MD80's. I was there again this summer and it was a sad scenery, when I landed from Charlotte I saw one 767-300, two 757's and some DC-9's, MD80's and 717's. When I left St. Louis to Philadelphia I saw again one 767-300, 2 757's and a few DC-9's, MD80's and 717, it was really sad to see TWA beeing more and more tiny!