Connect and get the inside scoop on Airline Companies

Welcome to Airline Pilot Forums - Connect and get the inside scoop on Airline Companies

If this is your first visit, be sure to check out the FAQ. Join our community today and start interacting with existing members. Registration is fast, simple and absolutely free.

User Tag List

Post Reply
Thread Tools Search this Thread
Old 02-28-2005, 10:03 AM   #1  
Gets Weekends Off
Thread Starter
SWAjet's Avatar
Joined APC: Feb 2005
Position: B737 Captain
Posts: 437
Default US Airways to Cut Fleet by 4%

US Airways to Ground 11 Planes, Cut More Routes
Friday, February 25, 2005

WASHINGTON US Airways will ground 11 mainline planes and eliminate additional service beginning in May in the latest thrust to cut costs and shed capacity on underperforming routes, the bankrupt carrier said Friday.

While the seventh-largest domestic carrier has negotiated swaps and new lease terms with creditors for aircraft, the decision to take nearly a dozen older model Boeing Co. 737s out of service is its first move to shrink primary operations since entering bankruptcy in September 2004.

The size of US Airways' active mainline fleet will now drop by nearly 5 percent from 282 to 271. The airline and its pilots reached a concession agreement last fall that removed a provision requring it to operate at least 279 planes.

The carrier has yet to decide which 737s to ground, but those needing big maintenance or expensive upgrades likely will be the first to go.

Big airlines continue to be squeezed by high fuel prices and weak revenues due to low fares and excess seat availability.

US Airways has been retooling its schedule and trying to use aircraft more efficiently to maximize revenues and conserve cash to exit bankruptcy by June 30. It plans to file a reorganization plan by March 15.
SWAjet is offline  

Post Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Related Topics
Thread Thread Starter Forum Replies Last Post
Republic/Chautauqua New Deal With US Airways for E-170 and E-190 Frisky Pilot Regional 15 10-01-2009 05:27 PM
Will USAirways fifth trip down merger runway succeed? SWAjet Major 8 03-26-2008 05:00 AM
Republic Airways Purchase of MidAtlantic Assets Official Frisky Pilot Major 0 06-23-2005 02:46 PM
US Airways, AWA merger official SWAjet Major 0 05-19-2005 05:48 PM
Piecing together the US Airways Puzzle RockBottom Major 0 03-07-2005 11:04 AM

All times are GMT -8. The time now is 06:08 AM.