LOD, Israel (Reuters) - US Airways has no plans to reduce its capacity any further even as the recession has dampened demand, particularly for business travel, chief executive Doug Parker said on Wednesday.


"We are pretty happy with our fleet right now and have no plans to reduce capacity any further," Parker told Reuters after a news conference to mark the new Philadelphia-Tel Aviv route, referring to the United States market.


"If anything, we will have a modest expansion internationally," he said.


The U.S. airline industry sharply reduced capacity last year. Parker said that the airline was braced for higher oil prices, but ruled out further hedging since carriers were hurt by hedging when oil prices slid late in 2008.


Hmmmmmm? I guess he forgot about PDT