United Kingdom
United States
Asia Pacific
US Airways new strategy for survival
US Airways new strategy for survival: cut $1.5 billion a year, including $800 million in labour costs. And do it by 30 September.
That was the plan outlined by new CFO Bruce Lakefield addressing shareholders, reported by USA Today.
The company’s plan calls for slashing costs by 25% so it can initiate a lower fare structure.
The airline has already shifted to lower rates on some Philadelphia routes.
The plan moves the airline closer to business models such as America West, the profitable low-fare airline that combines hub flying with point-to-point flying, said USA Today.
The airline is pressed to pay back a $1 billion government-backed loan that requires it to show progress. The carrier has continued to lose money, however, since emerging from bankruptcy protection last year.
Report by David Wilkening
David
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’