I want to make you aware of an important but necessary step our company has taken. US Airways has filed a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. This action is intended to provide the airline the opportunity to implement its Transformation Plan built on lower costs, a simplified fare structure, a strong position on the U.S. East Coast, and a growing presence in Europe, the Caribbean and Latin America.
You should understand that US Airways is not going out of business. The Chapter 11 process will allow US Airways to complete its restructuring initiatives while we continue normal day-to-day operations. There will be no changes to our flight schedule as a result of this filing. Every ticket will be accepted and honored in accordance with current US Airways policies; refunds and exchanges will be made as usual. Reciprocal agreements with other air carriers, including affiliates, Star Alliance and codeshare partners, will remain fully intact and continue without interruption.
I want you to know that this announcement has no impact on your Dividend Miles account and the many benefits you receive as a member. While our restructuring efforts focus on achieving a competitive cost structure, there will be no direct impact on our ability to professionally serve you. This action will not affect your ability to earn or redeem Dividend Miles to the more than 750 worldwide destinations we offer as a Star Alliance member airline. Additionally, the US Airways Club network continues to operate without interruption for its members.
We remain committed to our Transformation Plan, which provides many positive benefits to customers, including better service, more flights and low fares. We continue to expand GoFares, which provide lower, simpler fares while not compromising amenities like seat assignments, First Class cabins and airport clubs that you have come to expect from US Airways. Enhancements to
http://www.usairways.com as well as airport technology improvements will make traveling even easier. Our strong positions in Boston, Charlotte, New York, Philadelphia, and Washington D.C., allow us to offer even more service to the most popular destinations, and with our new international gateway in Fort Lauderdale, our Caribbean and Latin America expansion continues, offering even more choices for customers.
We have established
http://www.transformingusairways.com as a dedicated Web site with information about our transformation. As this process continues, the site will be updated regularly.
Thank you for your continued support. We are proud that you are our customer, and we are ready to serve you on your next US Airways flight.
Sincerely,
Bruce Lakefield
President and Chief Executive Officer
