Airline Distributes First Profit Sharing Checks Since Merger
TEMPE, Ariz., March 14 /PRNewswire-FirstCall/ -- More than 35,000 US
Airways (NYSE: LCC) employees, furloughees and retirees in the US, Canada,
Europe, the Caribbean and Latin America are sharing in the airline's 2006
profits when checks totaling $58.7 million are distributed today.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070314/LAW052 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO )
"We are simply delighted to distribute profit sharing checks to our
outstanding employees, especially given only two years ago, US Airways was
nearing liquidation and America West's own future was uncertain. To say
we've come a long way in a short amount of time is a vast understatement
and I couldn't be more proud or privileged to be part of this team," said
Chairman and CEO Doug Parker in a message thanking employees for "continued
dedication to building a winning airline."
US Airways' profit sharing program sets aside 10 percent of the
airline's annual pre-tax profits (excluding special items). The airline
posted a 2006 net profit (excluding special items) of $507 million as
announced earlier this year. Employees of US Airways and its wholly owned
US Airways Express carriers participate in the program.
Around the US Airways system, employees will celebrate at barbeques,
ice cream socials, buffets and more to commemorate a profitable year. 2006
was the first full year for US Airways as a combined carrier, following its
merger with America West Airlines in 2005. Last year's milestones include:
* All customer facing areas at all 38 overlap cities now combined
* Strong Philadelphia baggage improvement: 95% of local bags arriving
at baggage claim within 19 minutes
* Full year profit of $507 million
* Embraer 190 added to mainline fleet
* Six $50 payouts for on-time performance; ranked second (against
major airlines) for 2006 as a whole
* Launched the new usairways.com
* 100 pilots and 200 flight attendants recalled
US Airways is the fifth largest domestic airline employing more than
35,000 aviation professionals worldwide. US Airways, US Airways Shuttle and
US Airways Express operate approximately 3,800 flights per day and serve
more than 230 communities in the U.S., Canada, Europe, the Caribbean and
Latin America. The new US Airways -- the product of a merger between
America West and US Airways in September 2005 -- is a member of the Star
Alliance network, which offers our customers 16,000 daily flights to 855
destinations in 155 countries worldwide. This press release and additional
information on US Airways can be found at http://www.usairways.com. (LCCG)
-Fly with US-
SOURCE US Airways
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Related links:
http://www.usairways.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20070314/LAW052
http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
US Airways Media Relations, +1-480-693-5729
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