US Airways (NYSE: LCC) Cuts Capacity, Cutting 1.700 Jobs
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US Airways (NYSE: LCC) announces a number of changes:
- Reducing fourth quarter domestic mainline capacity by six to eight percent on a year-over-year basis.
- Returning 10 mainline aircraft in 2008 and 2009, canceling the leases of two A330 aircraft that were scheduled for delivery in 2009, and planning to reduce additional aircraft in 2009 and 2010.
- Decreasing staffing levels by approximately 1,700 employees across the airline's system as a result of the reduced flying.
- Introducing a first-checked-bag service fee of $15.
- Introducing a new in-flight beverage purchase program.
- Amending the airline's Dividend Miles frequent flyer program.
- Increasing the fee associated with the airline's employee guest and parent discounted travel pass program.
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