Lindy field From United States of America, joined Mar 2001, 3170 posts, RR: 11 Posted (13 years 11 months 5 days 7 hours ago) and read 2853 times:
Airwise is reporting today that US Airways' pilots are willing to take pay and benefits cuts to help improve the financial position of the airline.
ALPA's offer would allow US Airways to cut over $320 Million in labor costs over the next seven years. The company proposed cuts which would lead up to $595 million in savings over the same period, but US Airways crews have indicated that they would be willing to make other concessions.
ALPA also indicated that US Airways pilots are willing to allow an increase in the number of regional jets operated by the airline, which would bring the total to over 300.
US Airways also received good news from the US gov't. The US Senate rejected a motion to freeze new federal loan guarantees during the current fiscal year.
762er From United States of America, joined Feb 2001, 542 posts, RR: 2
Reply 1, posted (13 years 11 months 5 days 7 hours ago) and read 2837 times:
I believe US Airways will make it and eventually flourish. The employees have faith in Siegel and have shown that they want to see their airline succeed. I start work with them, as a matter of fact, starting next week in flight safety and I'm really looking forward to it.
RogueTrader From , joined Dec 1969, posts, RR:
Reply 3, posted (13 years 11 months 5 days 7 hours ago) and read 2807 times:
All these threads we've seen on here like 'who will take over U's hubs?' or 'who will buy the east coast shuttle?' are all way too premature. U's route system IS solid, it just needs to get its costs down to a level that make it profitable and improve on some operational efficiencies. If it could get a major step up, like perhaps a major codeshare or FF mileage partner, this could really help. Likewise, something bad, like more terrorism, could be deadly. But, if things stay 'normal', US Airways can pull it out if it concentrates on the true value it owns: which is a commanding presence on the east coast.
I flew on US Airways for the first time in my whole life a few weeks ago (in Texas, US is not huge) and I was pleasantly surprised at how nice the employees are. Sure, the seats were the same as everywhere, but the nice people can really make a difference, just like they do on WN.
If the economic recovery continues, if there is no more terrorism, and if US can get a handle on its costs, I think its survival is assured and it can once again look forward to growth. With all that said: I do see USAirways as a probably merger or acquisition target at some point.