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US Airways CEO says airline making progress

by Alan Fein

Credit Pacific Service Union Chief Executive Officer Bruce Lakefield said bankrupt US Airways is making progress in its transformation to a low-cost airline.

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Card Credit Discover Service Jan 8, 2005 (AXcess News) Pittsburgh - Chief Executive Officer Bruce Lakefield said bankrupt US Airways is making progress in its transformation to a low-cost airline.

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Credit Public Service Union Thursday, U.S. Bankruptcy Judge Stephen Mitchell dismissed International Association of Machinists mechanics and baggage handlers contracts while canceling a pension plan that covered 50,000 current and former employees which will now be assumed by the federal Pension Benefit Guaranty Corp.

Airport Information Bermuda is serviced by Continental ( 0856), American ( 7300), Delta Airlines ( 1212), US Airways ( 4322), Air Canada ( 3000), and BritishBermuda International Airport Airways ( 4000; 111 outside London). Entry Requirements We recommend all U.S. in and immigration. If you do not have a passport or are not an American citizen, please contact your airline or your local consulate or embassy in regards to travel documentation necessary for your vacation.

Card Credit Processing Service Though Lakefield remained optimistic about the carrier's transition the Airport Authority in Pittsburgh still retained control of the gates US Airways was using with the carrier under a month-to-month agreement.Southwest Airlines (NYSE: LUV) recently announced that it was going to begin flights into Pittsburgh. The Allegheny County Airport Authority said five gates had been assigned to the low-cost carrier in anticipation of it beginning scheduled flights in May.

Center Credit Service Union Southwest announced the Pittsburgh service Wednesday.

Card Credit Service Wireless The airline has committed to a long-term lease, binding it to the airport for 18 years.Southwest said it may develop as many as 50 flights per day out of Pittsburgh. Normally, airlines begin with much fewer scheduled flights. Advertisement

Credit Security Service Union US Airways will be sharing either concourse A or B with Southwest.

Credit Report Service US Airways had earlier this week negotiated a deal with the Association of Flight Attendants that will save Lakefield's company $94 million a year in wages.Monday, the court is expected to rule on separate agreements US Airways negotiated with retirees that would allow the carrier to cancel medical and dental insurance coverage for certain retirees.

Blogspot Com Christian Lakefield was shrewd in withholding the courts ruling on the mechanics union's contract freeze by the court, giving union representatives a chance to reconsider its offer. Union members have until January 21 to cast their ballot. If the union does not agree they could go out on strike in which case US Airways could implement the court's decision stopping that from happening.While US Airways CEO remains optimistic, investors are leaning more towards its long-term fight with Southwest once it gets established in Pittsburgh. If it came down to a price-war, Lakefield would most likely lose, investors said.

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