Air Transport World

Bankrupt again, US Airways aims to become an LCC.(Limited Liability Company)(Brief Article)

Installation of "state-of-the-art" IFE systems, a simpler pricing structure and dc-peaking of hub operations all are part of US Airways' strategy to emerge from its second bankruptcy reorganization. The carrier filed for Chapter 11 protection on Sept. 12, nearly 18 months since it emerged from its first reorganization, after leaders of its pilots union refused to permit the membership to vote on the company's restructuring proposal. President and CEO Bruce Lakefield previously had said that the airline needed to shed $1.5 billion in annual expenses, with roughly $800 million in concessions coming from employees. During its first stay in bankruptcy, it cut the budget by roughly $2 billion a year, with about half from labor. …

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