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.
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.
May 22, 2013 |
A US Airways executive told the Independence Business Alliance on Monday that Philadelphia's largest airline was pursuing and seriously committed to diversity in its workforce. Suzanne Boda, one of the three highest-ranking women at US Airways and the executive overseeing the airline's lesbian, gay, bisexual and transgender employee group - called Spectrum - said that from chief executive officer Doug Parker down, US Airways was "proud of our commitment to diversity and inclusion.
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.
March 12, 2014 |
It's been a challenging couple of months for airlines: Winter storms caused American Airlines and US Airways to cancel a combined 28,000 flights, a 164 percent increase from a year ago. JetBlue Airways scrapped 3,900 flights, while United Airlines scrubbed 23,000 due to weather in January and February. Despite the harsh winter, major U.S. carriers expect healthy profits in 2014 - and a record volume of passengers this spring. Speaking at an investor conference in New York City on Monday, airline executives said the travel outlook was good, thanks to an improving economy and flat or lower fuel prices.
April 3, 2013
Fare impact from airline mergers It's laughable to hear US Airways chief Doug Parker say that Philadelphia will benefit from the merger with American Airlines ("In Phila., extolling airlines' merger," March 27). I've been flying twice a year for business to Portland, Maine, for more than 20 years. Tickets for a 52-minute nonstop flight once cost in the $300 range at a time when there was competition on that route. But now it's in the $800 to $1,000 range. The reason? Southwest Airlines in the last year or so decided it was only flying in a southwest direction from Philadelphia.
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.
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.