[SPAN class=t][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]American Chief Sees Recovery Path in 2003[/FONT][/STRONG][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][/SPAN][/SPAN][/SPAN][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]DALLAS (Reuters) - In a rare bit of optimism, the chairman of American Airlines, a division of AMR Corp., said he sees the financially troubled carrier turning the corner next year through cost cutting and sticking to a recovery path.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/rb/021223/airlines_american_2.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/rb/021223/airlines_american_2.html[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]United employees to pay non-revenue travel service charge[/FONT][/STRONG][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]CHICAGO (Reuters) - Bankrupt United Airlines said on Monday it was reinstating service charges for all employee tickets to help it achieve $1.4 billion in non-labor cost savings. [/FONT][BR][BR][FONT face=Times New Roman size=3]The charges, which take effect Jan. 1, will cover the $32 million annual cost of providing employee travel benefits, the airline said in a recorded message to employees.[/FONT][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/rb/021223/airlines_united_fees_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/rb/021223/airlines_united_fees_1.html[/FONT][/A][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3][STRONG]Tension rises over UAL contracts, IAM says They made an announcement that we’re going to war[/STRONG][/FONT][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]CHICAGO (Chicago Tribune) - Now boarding, United Airlines Bankruptcy Flight 1113, scheduled to depart on time for an unknown destination. This week, United begins the final, most arduous leg of its yearlong odyssey to slash labor costs when its asks Chief Bankruptcy Court Judge Eugene Wedoff to scrap its union contracts, a process governed by Section 1113 of the bankruptcy code. [/FONT][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://www.chicagobusiness.com/cgi-bin/news.pl?id=7474][FONT face=Times New Roman size=3]http://www.chicagobusiness.com/cgi-bin/news.pl?id=7474[/FONT][/A][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]UAL creditors ask judge to throw out trading restrictions[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]NEW YORK (Reuters) - Lehman Brothers and other creditors of United Airlines parent UAL Corp. have stepped up their campaign to overturn debt trading restrictions enacted by a U.S. bankruptcy court judge earlier this month, their lawyers said on Monday.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/rf/021223/financial_ualbonds_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/rf/021223/financial_ualbonds_1.html[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]Disney wrties of $114 mil in United aircraft leases[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]LOS ANGELES (Reuters) - The Walt Disney Co. said on Monday it would take an $83 million charge and write off its investment in airplanes leased to UAL Corp.'s United Airlines since the carrier had declared bankruptcy.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://money.excite.com/jsp/nw/nwdt_rt.jsp?news_id=reu-n23204760&feed=reu&date=20021223][FONT face=Times New Roman size=3]http://money.excite.com/jsp/nw/nwdt_rt.jsp?news_id=reu-n23204760&feed=reu&date=20021223[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][STRONG][FONT face=Times New Roman size=3]WSJ: UAL's United Lays off 646 Mechanics[/FONT][/STRONG][/SPAN][SPAN class=t][BR]
[DIV class=ar][FONT face=Times New Roman size=3]NEW YORK (Reuters) - UAL Corp.'s United Airlines has laid off 646 mechanics due to reductions in flight schedules, the Wall Street Journal reported on Monday. [/FONT][BR][BR][FONT face=Times New Roman size=3]The carrier, which is seeking to reorganize in U.S. bankruptcy court, is expected to seek further cost cuts from unions representing mechanics, pilots and flight attendants. [/FONT][BR][BR][FONT face=Times New Roman size=3]Officials at United were not immediately available for comment early on Monday morning.[/FONT] [BR][BR][FONT face=Times New Roman size=3][STRONG]Pitney Bowes to take $100 mil charge for United & US Airways leases[/STRONG][/FONT] [BR][BR][FONT face=Times New Roman size=3]STAMFORD (Reuters) - Pitney Bowes Inc. on Monday announced a pretax charge of about $100 million in the fourth quarter to cover aircraft leases to troubled US Airways Group Inc. and United Air Lines.[/FONT] [BR][BR][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://money.excite.com/jsp/nw/nwdt_rt.jsp?news_id=bus-n23180698&feed=bus&date=20021223][FONT face=Times New Roman size=3]http://money.excite.com/jsp/nw/nwdt_rt.jsp?news_id=bus-n23180698&feed=bus&date=20021223[/FONT][/A][FONT face=Times New Roman size=3] [/FONT][BR][BR][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Express Will Begin Nonstop Roundtrip Service Between Washington Reagan National and Birmingham, Ala. To Operate 50-Seat Regional Jets on New Route[/FONT][/STRONG][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - US Airways Express will introduce daily nonstop roundtrip service between Ronald Reagan Washington National Airport and Birmingham, Ala., using 50-seat Embraer-145 Regional Jet aircraft beginning Feb. 9, 2003. US Airways Express carriers Mesa Airlines and Midway Airlines will operate the new service. [/FONT][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm006_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm006_1.html[/FONT][/A][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Announces $98 Roundtrip New Year's Fare Sale[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - US Airways is offering new low sale fares for customers to make short trips for the New Year's holiday, with nonstop roundtrip travel priced at $98 to and from select destinations within 500 miles of Charlotte, N.C., New York, Philadelphia, Pittsburgh or Washington, D.C.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm005_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm005_1.html[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Announces New Caribbean Routes[/FONT][/STRONG][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - Customers can now book seats on US Airways' newest Caribbean routes, Pittsburgh-Montego Bay and Boston-Cancun. Service on both routes will begin on March 15, 2003, subject to foreign government approval.[/FONT][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm014_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm014_1.html[/FONT][/A][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]S&P may still change some US Airways ratings, company provides profit projections[/FONT][/STRONG][/SPAN][/SPAN][/SPAN][/SPAN][SPAN class=t][SPAN class=t][SPAN class=t][SPAN class=t][BR][BR][FONT face=Times New Roman size=3]NEW YORK - US Airways Group Inc. (D), parent of US Airways Inc. (D), on Dec. 21, 2002, filed a plan of reorganization with the bankruptcy court overseeing the companies' Chapter 11 bankruptcy proceedings. Standard & Poor's Ratings Services' ratings on US Airways Inc. obligations that have not defaulted remain on CreditWatch with developing implications.[/FONT][BR][BR][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/rf/021223/airlines_usairways_s_p_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/rf/021223/airlines_usairways_s_p_1.html[/FONT][/A][BR][BR][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Projects Pretax Income Of $587 Million In 2009[/FONT][/STRONG][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]WASHINGTON (Dow Jones) - US Airways Group Inc. projected its pretax income will increase to a profit of $587 million in 2009 from a loss of $229 million in 2003, according to the disclosure statement to the airline's reorganization plan.[/FONT][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/djus/021223/1307000442_2.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/djus/021223/1307000442_2.html[/FONT][/A][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways and Windward Island Airways Begin Code Share Relationship[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - US Airways and Windward Island Airways (Winair) received U.S. government approval to begin code sharing, giving customers the ability to immediately start making reservations for flights that will begin on Jan. 13, 2003.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm028_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm028_1.html[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways may need a little luck[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]WASHINGTON (USA Today) - US Airways opens a three-month campaign to fly out of bankruptcy reorganization, its survival may depend as much on good luck as smart strategy and creditors' support.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://www.usatoday.com/travel/news/2002/2002-12-23-usair-reorg-plan.htm][FONT face=Times New Roman size=3]http://www.usatoday.com/travel/news/2002/2002-12-23-usair-reorg-plan.htm[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][/SPAN][/SPAN][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US ATSB Closes On $45 Mln Loan For Aloha Airlines[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]WASHINGTON (Dow Jones) -The Air Transportation Stabilization Board said Monday that it has closed on a $45 million loan on behalf of Aloha Airlines. [/FONT][BR][BR][FONT face=Times New Roman size=3]The loan is backed by a $40.5 million federal guarantee. The ATSB unanimously approved the loan guarantee in October, provided Aloha met all of the board's conditions.[/FONT][BR][BR][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/djus/021223/1534000514_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/djus/021223/1534000514_1.html[/FONT][/A][FONT face=Times New Roman size=3] [/FONT][/SPAN][/SPAN][/SPAN][/SPAN][/SPAN][/SPAN][/SPAN][/DIV]
[DIV class=ar][FONT face=Times New Roman size=3]NEW YORK (Reuters) - UAL Corp.'s United Airlines has laid off 646 mechanics due to reductions in flight schedules, the Wall Street Journal reported on Monday. [/FONT][BR][BR][FONT face=Times New Roman size=3]The carrier, which is seeking to reorganize in U.S. bankruptcy court, is expected to seek further cost cuts from unions representing mechanics, pilots and flight attendants. [/FONT][BR][BR][FONT face=Times New Roman size=3]Officials at United were not immediately available for comment early on Monday morning.[/FONT] [BR][BR][FONT face=Times New Roman size=3][STRONG]Pitney Bowes to take $100 mil charge for United & US Airways leases[/STRONG][/FONT] [BR][BR][FONT face=Times New Roman size=3]STAMFORD (Reuters) - Pitney Bowes Inc. on Monday announced a pretax charge of about $100 million in the fourth quarter to cover aircraft leases to troubled US Airways Group Inc. and United Air Lines.[/FONT] [BR][BR][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://money.excite.com/jsp/nw/nwdt_rt.jsp?news_id=bus-n23180698&feed=bus&date=20021223][FONT face=Times New Roman size=3]http://money.excite.com/jsp/nw/nwdt_rt.jsp?news_id=bus-n23180698&feed=bus&date=20021223[/FONT][/A][FONT face=Times New Roman size=3] [/FONT][BR][BR][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Express Will Begin Nonstop Roundtrip Service Between Washington Reagan National and Birmingham, Ala. To Operate 50-Seat Regional Jets on New Route[/FONT][/STRONG][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - US Airways Express will introduce daily nonstop roundtrip service between Ronald Reagan Washington National Airport and Birmingham, Ala., using 50-seat Embraer-145 Regional Jet aircraft beginning Feb. 9, 2003. US Airways Express carriers Mesa Airlines and Midway Airlines will operate the new service. [/FONT][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm006_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm006_1.html[/FONT][/A][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Announces $98 Roundtrip New Year's Fare Sale[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - US Airways is offering new low sale fares for customers to make short trips for the New Year's holiday, with nonstop roundtrip travel priced at $98 to and from select destinations within 500 miles of Charlotte, N.C., New York, Philadelphia, Pittsburgh or Washington, D.C.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm005_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm005_1.html[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Announces New Caribbean Routes[/FONT][/STRONG][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - Customers can now book seats on US Airways' newest Caribbean routes, Pittsburgh-Montego Bay and Boston-Cancun. Service on both routes will begin on March 15, 2003, subject to foreign government approval.[/FONT][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm014_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm014_1.html[/FONT][/A][/SPAN][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]S&P may still change some US Airways ratings, company provides profit projections[/FONT][/STRONG][/SPAN][/SPAN][/SPAN][/SPAN][SPAN class=t][SPAN class=t][SPAN class=t][SPAN class=t][BR][BR][FONT face=Times New Roman size=3]NEW YORK - US Airways Group Inc. (D), parent of US Airways Inc. (D), on Dec. 21, 2002, filed a plan of reorganization with the bankruptcy court overseeing the companies' Chapter 11 bankruptcy proceedings. Standard & Poor's Ratings Services' ratings on US Airways Inc. obligations that have not defaulted remain on CreditWatch with developing implications.[/FONT][BR][BR][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/rf/021223/airlines_usairways_s_p_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/rf/021223/airlines_usairways_s_p_1.html[/FONT][/A][BR][BR][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways Projects Pretax Income Of $587 Million In 2009[/FONT][/STRONG][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]WASHINGTON (Dow Jones) - US Airways Group Inc. projected its pretax income will increase to a profit of $587 million in 2009 from a loss of $229 million in 2003, according to the disclosure statement to the airline's reorganization plan.[/FONT][/SPAN][BR][BR][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/djus/021223/1307000442_2.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/djus/021223/1307000442_2.html[/FONT][/A][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways and Windward Island Airways Begin Code Share Relationship[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]ARLINGTON (PRNewswire-FirstCall) - US Airways and Windward Island Airways (Winair) received U.S. government approval to begin code sharing, giving customers the ability to immediately start making reservations for flights that will begin on Jan. 13, 2003.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/prnews/021223/dcm028_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/prnews/021223/dcm028_1.html[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US Airways may need a little luck[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]WASHINGTON (USA Today) - US Airways opens a three-month campaign to fly out of bankruptcy reorganization, its survival may depend as much on good luck as smart strategy and creditors' support.[/FONT][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://www.usatoday.com/travel/news/2002/2002-12-23-usair-reorg-plan.htm][FONT face=Times New Roman size=3]http://www.usatoday.com/travel/news/2002/2002-12-23-usair-reorg-plan.htm[/FONT][/A][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][/SPAN][/SPAN][SPAN class=t][SPAN class=t][STRONG][FONT face=Times New Roman size=3]US ATSB Closes On $45 Mln Loan For Aloha Airlines[/FONT][/STRONG][/SPAN][/SPAN][BR][BR][SPAN class=t][SPAN class=t][FONT face=Times New Roman size=3]WASHINGTON (Dow Jones) -The Air Transportation Stabilization Board said Monday that it has closed on a $45 million loan on behalf of Aloha Airlines. [/FONT][BR][BR][FONT face=Times New Roman size=3]The loan is backed by a $40.5 million federal guarantee. The ATSB unanimously approved the loan guarantee in October, provided Aloha met all of the board's conditions.[/FONT][BR][BR][FONT face=Times New Roman size=3]Complete Story: [/FONT][A href=http://biz.yahoo.com/djus/021223/1534000514_1.html][FONT face=Times New Roman size=3]http://biz.yahoo.com/djus/021223/1534000514_1.html[/FONT][/A][FONT face=Times New Roman size=3] [/FONT][/SPAN][/SPAN][/SPAN][/SPAN][/SPAN][/SPAN][/SPAN][/DIV]
