US Airways

Stuartpaul

Mouseketeer
Joined
Aug 12, 2002
Messages
81
Has anybody heard any more information regarding their recent chapter 11 (bankrupcy protection)?

This is the second time they've done this so things must be getting dodgy!! We're due to fly with them in November so want them to last at least that long!!
 
bankruptcy protection is to protect them against their creditors. its just a precautionary measure to give them breathing room to stop paying some bills and get back on their feet. so dont worry :)

they wont just go belly up over night and if anything administrators will be brought in to make things profitable again.
 
I wouldn't worry. Like you say, they've been there before - and came out again.

They sent me the following email on Monday.....

> 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
 












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