Here we go again..................!

[20+years]

WSJ is reporting tonight that US Airways says it must reduce costs by $400 Million a year more to reach profitability. The article also says that the Company promises not to seek more concessions from employees, but that the Company may have to furlough more employees. Guess you can''t believe averything you read in the Journal!

 

[dfw79]

They have cut costs $1.3 billion already...and want to get between 1.4 and 1.6 billion. So they are almost there. More cost savings should come to light when MDA is deployed and we see the higher paid station employees replaced.