US Airways may find silver lining
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Lufthansa, US Airways sign cargo cooperation deal
Complete Story
Pilots Ratify
ARLINGTON (theHub.com) - The Master Executive Council (MEC) PSA's pilots union early this morning ratified an agreement that resolves all outstanding contractual issues to operate the 70-seat Canadair CRJ-701 regional jet aircraft. The agreement was ratified by an eight-to-one vote and becomes effective immediately. PSA, a US Airways Express carrier and a wholly owned subsidiary of US Airways Group Inc., has been the sole operator of US Airways' CRJs, and currently operates 26 50-seat CRJ 100-200s and four CRJ 701s. “I want thank the MEC for their hard work in reaching this extremely important agreement, as it will bring benefits to our pilots, our company and most importantly our customers, and it is a wonderful airplane to fly,†said Richard Pfennnig, PSA president and chief executive officer. In addition to the regional jets, PSA also operates eight Dornier 328 turbo-prop aircraft, which are being retired from their fleet. By Sept, 7, 2004, PSA will be an all regional jet airline.
Cargo Agreement
ARLINGTON (theHub.com) - US Airways and Lufthansa Cargo have entered into a transatlantic cargo marketing and freight handling agreement covering select routes from Europe to the U.S. Under the agreement, beginning Sept. 1 2004, Lufthansa Cargo will assume responsibility for marketing US Airways’ freight capacity on flights originating in Europe destined for the United States. Customers can then rely on established products and processes of Lufthansa Cargo.
In addition, the carriers will consolidate operations and plan to move under one roof at all European airports served by US Airways and in Philadelphia, Pittsburgh and Charlotte, N.C. This will enhance the carriers’ synergies and cost efficiencies at those locations. The carriers will endeavor to consolidate other operations throughout their networks.
The initial phase of the agreement will include all US Airways flights from Amsterdam, Munich and Paris (Charles De Gaulle) to Philadelphia International, as well as routes from Frankfurt to Charlotte, Philadelphia and Pittsburgh. With Phase II, which will begin Oct. 1 2004, Lufthansa Cargo will begin marketing and handling US Airways’ freight capacity from London (Gatwick) to Charlotte, Philadelphia, Pittsburgh, and from Madrid, Manchester and Rome to Philadelphia. Beginning in the summer of 2005, services to Philadelphia from Glasgow, Dublin and Shannon will be added to the cargo-service agreement.
“Through this agreement with Lufthansa Cargo, we expect to increase our operational efficiency and marketing exposure to better serve our customers,†said Ben Baldanza, senior vice president of marketing and planning. “We are pleased to be able to expand the breadth of services that we share with our Star Alliance partner Lufthansa.â€
For Dr. Andreas Otto, member of the Lufthansa Cargo Executive Board responsible for Marketing and Sales, the partnership is a win-win situation. “Lufthansa Cargo customers will benefit from an even more attractive network in the future. Lufthansa Cargo products and enhanced interline processes plus seamless interlinking of both companies’ IT systems will also deliver a high degree of reliability throughout the transport chain.â€
Somber Report
ARLINGTON (theHub.com) - Standard & Poor’s yesterday said the long-term viability of US Airways “remains uncertain given the company’s weak financial profile, geographically concentrated route network, and increasing exposure to low-cost competition.†The credit rating agency also said these concerns leave the airports at Charlotte, Philadelphia and Pittsburgh vulnerable to the airline’s long-term prospects because of the amount of US Airways connecting traffic at each.
Complete Story
Lufthansa, US Airways sign cargo cooperation deal
Complete Story
Pilots Ratify
ARLINGTON (theHub.com) - The Master Executive Council (MEC) PSA's pilots union early this morning ratified an agreement that resolves all outstanding contractual issues to operate the 70-seat Canadair CRJ-701 regional jet aircraft. The agreement was ratified by an eight-to-one vote and becomes effective immediately. PSA, a US Airways Express carrier and a wholly owned subsidiary of US Airways Group Inc., has been the sole operator of US Airways' CRJs, and currently operates 26 50-seat CRJ 100-200s and four CRJ 701s. “I want thank the MEC for their hard work in reaching this extremely important agreement, as it will bring benefits to our pilots, our company and most importantly our customers, and it is a wonderful airplane to fly,†said Richard Pfennnig, PSA president and chief executive officer. In addition to the regional jets, PSA also operates eight Dornier 328 turbo-prop aircraft, which are being retired from their fleet. By Sept, 7, 2004, PSA will be an all regional jet airline.
Cargo Agreement
ARLINGTON (theHub.com) - US Airways and Lufthansa Cargo have entered into a transatlantic cargo marketing and freight handling agreement covering select routes from Europe to the U.S. Under the agreement, beginning Sept. 1 2004, Lufthansa Cargo will assume responsibility for marketing US Airways’ freight capacity on flights originating in Europe destined for the United States. Customers can then rely on established products and processes of Lufthansa Cargo.
In addition, the carriers will consolidate operations and plan to move under one roof at all European airports served by US Airways and in Philadelphia, Pittsburgh and Charlotte, N.C. This will enhance the carriers’ synergies and cost efficiencies at those locations. The carriers will endeavor to consolidate other operations throughout their networks.
The initial phase of the agreement will include all US Airways flights from Amsterdam, Munich and Paris (Charles De Gaulle) to Philadelphia International, as well as routes from Frankfurt to Charlotte, Philadelphia and Pittsburgh. With Phase II, which will begin Oct. 1 2004, Lufthansa Cargo will begin marketing and handling US Airways’ freight capacity from London (Gatwick) to Charlotte, Philadelphia, Pittsburgh, and from Madrid, Manchester and Rome to Philadelphia. Beginning in the summer of 2005, services to Philadelphia from Glasgow, Dublin and Shannon will be added to the cargo-service agreement.
“Through this agreement with Lufthansa Cargo, we expect to increase our operational efficiency and marketing exposure to better serve our customers,†said Ben Baldanza, senior vice president of marketing and planning. “We are pleased to be able to expand the breadth of services that we share with our Star Alliance partner Lufthansa.â€
For Dr. Andreas Otto, member of the Lufthansa Cargo Executive Board responsible for Marketing and Sales, the partnership is a win-win situation. “Lufthansa Cargo customers will benefit from an even more attractive network in the future. Lufthansa Cargo products and enhanced interline processes plus seamless interlinking of both companies’ IT systems will also deliver a high degree of reliability throughout the transport chain.â€
Somber Report
ARLINGTON (theHub.com) - Standard & Poor’s yesterday said the long-term viability of US Airways “remains uncertain given the company’s weak financial profile, geographically concentrated route network, and increasing exposure to low-cost competition.†The credit rating agency also said these concerns leave the airports at Charlotte, Philadelphia and Pittsburgh vulnerable to the airline’s long-term prospects because of the amount of US Airways connecting traffic at each.
