his is the message that Dave is sending to us DM members......
Dear R:
Last summer, US Airways embarked on a financial
restructuring designed to reposition the airline
for long-term success. At that time, we promised to
keep you informed of our progress - but more
importantly, we committed ourselves to running
a great airline and maintaining the confidence of
our customers, employees, public officials,
business partners and the nearly 200 communities
that we serve.
So, I am very pleased to write you today to
personally tell you that we have formally completed
our Chapter 11 reorganization. It has not been easy,
and it has involved sacrifices by our employees and
other stakeholders, all of whom have played key roles.
As we move forward, we feel strongly that our efforts
have positioned US Airways to compete very effectively
in the airline business.
Since we launched our restructuring last summer,
virtually every other major U.S. airline has begun
its own initiative to reduce costs and right-size its
business. As a frequent traveler, you are probably
aware that the entire industry continues to face a
growing set of economic and operational challenges
that are unlike any in its history. Yet despite those
challenges, we are confident that US Airways is now
in a better position to deal with the rigors of a
changing marketplace. Furthermore, with the completion
of our restructuring, we are now able to:
:: Access more than $1.2 billion in new capital to
strengthen our balance sheet,
:: Expand our regional jet fleet with several hundred
new aircraft, and
:: Extend our network through marketing alliances and
new service of our own.
We believe we have chosen the right path to success
while other airlines still struggle to figure out
which path to take. The support of our customers like
you has allowed us to get to this point, and we are
determined to continue to strengthen our airline.
If you would like more information, we hope you will
visit our web site http://www.usairways.com/
under the "About US Airways" section.
On behalf of the 35,000 employees of the US Airways
family, we thank you for your continued loyalty and
look forward to seeing you on board soon.
Sincerely,
Dave Siegel
President and CEO
...............................
How''s that for advertising??
