December 11, 2013 |
With the American Airlines and US Airways Group merger completed Monday, the hard work begins of integrating the carriers to create the world's largest airline. US Airways chief executive officer Doug Parker, who leads the new American Airlines Group Inc., began the day by ringing the opening bell on the Nasdaq Stock Market, where the new company debuted under the ticker symbol "AAL. " "After today's celebration, the real work begins," Parker said in a message to employees. "These include integrating our networks, combining our frequent flier loyalty programs, and achieving a single operating certificate.
January 25, 2013
US Airways Group Inc. flight attendants, including 2,073 based in Philadelphia, have reached a third tentative contract agreement with management. Members had narrowly voted down the previous offer, 51 percent to 49 percent. The new agreement, reached under the supervision of the National Mediation Board, provides "immediate economic improvements" and "a process for additional gains through discussions" related to a possible merger with American Airlines, the union said, adding, "Doug Parker's plan for a US Airways-American merger provides the best opportunities for US Airways flight attendants - and we are now poised to make the most out of those opportunities.
March 15, 2012 |
US Airways on Wednesday paid more than $12 million to employees as a share of the airline's $111 million net profit earned in 2011. Pilots and flight attendants, who make up about a third of US Airways' 32,000 employees, got about half the money. The airline's 4,200 pilots received 36 percent of the payouts from the general profit-sharing pool, and 6,700 flight attendants received 14.5 percent. Passenger-service and reservations employees received about 13 percent of the money.
July 26, 2014 |
U.S. airlines made money in the second quarter, beating analysts' expectations, as they flew fuller planes and garnered higher passenger revenue. American Airlines, which merged with US Airways in December, announced it would pay its first dividend since 1980, based on a record quarterly profit. The merged US Airways and American, which combined have more than 75 percent of the flights at Philadelphia International Airport, reported net income of $864 million, or $1.17 a share.
June 16, 2007 |
US Airways has added India, Israel, Russia and Turkey to the list of countries where it would like to start flying nonstop from Philadelphia International Airport in the next few years. US Airways senior vice president C.A. Howlett, who was at the airport yesterday to mark the launch of service to three European cities, said the airline planned to add two to four international routes a year from Philadelphia, provided it could lease enough gates and acquire more long-haul airplanes.
August 7, 2013 |
European Union regulators have approved the merger of US Airways and American Airlines, conditional on getting a third competitor to fly between Philadelphia and London. American and US Airways agreed to divest, or sell, a pair of slots (takeoff and landing rights) to a rival to fly between Philadelphia International and London Heathrow Airports, the European Commission said Monday. The commission is the executive branch of the European Union. Commission vice president Joaquin Almunia said antitrust authorities examined transatlantic routes affected by the merger and only one - London-Philadelphia - presented a monopoly.
February 16, 2013 |
Call him a visionary. Call him possessed. Doug Parker pulled it off. The US Airways chief executive officer and his team began doggedly pursuing American Airlines in January 2012, less than two months after the larger rival filed for bankruptcy protection. Parker, 51, a longtime proponent of airline consolidation, tried unsuccessfully three other times to merge US Airways - twice with United, in 2008 and 2010, and in a 2006 bid for Delta Air Lines. The longest-serving chief executive of a major airline changed tactics this time and outsmarted AMR Corp.
August 19, 2008 |
US Airways Group Inc. will announce today a new international route from Philadelphia International Airport. Chief executive officer Doug Parker said last month that the airline would like to start service to Tel Aviv, Israel. US Airways, which carries two-thirds of passengers in and out of Philadelphia, declined yesterday to name the new route, pending today's announcement. Parker, along with Mayor Nutter, will be at the airport this morning to detail the new service.
January 30, 2009 |
US Airways Group Inc. and three other major airlines reported fourth-quarter losses yesterday, and cited weaker future bookings and revenue trends. But Scott Kirby, president of US Airways, said in conference call that Philadelphia's dominant airline would fare better than some carriers because 80 percent of its flights are domestic and international flying was starting to "underperform" U.S. markets. "Forward bookings and revenue data are significantly more volatile than at any time in the past," Kirby said.
April 25, 2013 |
Shares of Delta Air Lines and US Airways Group were higher Tuesday after both carriers reported profitable first quarters that beat analysts' estimates. Delta said it was the best first quarter in more than a decade, with earnings, excluding special items, at $85 million, or 10 cents a share. Analysts had estimated six cents. US Airways reported a profit of $55 million, or 31 cents a share, excluding special items. That beat analysts' average estimate of 28 cents and compared to a first-quarter 2012 net loss, excluding one-time charges, of $22 million, or 13 cents per share.