Originally Posted by
hangaber
OK, the link didn't go exactly to the press release I wanted but it's one of those. Sorry so here's a cut and paste of some of it. Note second bullet point:
US Airways Accelerates Business Model Transformation
TEMPE, Ariz., Jun 12, 2008 (BUSINESS WIRE) -- US Airways (NYSE: LCC) today announced that it is making additional domestic capacity reductions, reducing headcount and implementing several new revenue initiatives to help expedite the airline's return to sustained profitability in this new and challenging environment.
Major changes and initiatives announced today include:
* Reducing fourth quarter domestic mainline capacity by six to eight percent on a year-over-year basis.
* Returning 10 mainline aircraft in 2008 and 2009, canceling the leases of two A330 aircraft that were scheduled for delivery in 2009, and planning to reduce additional aircraft in 2009 and 2010.