US Airways to Cut 1,000 Jobs, Focus On Hub Cities

US Airways Group Inc. (LCC) will trim 1,000 jobs, or about 3.1% of its total work force and cut flights, focusing on hub cities where it stands to make a profit.

The company said Wednesday it would concentrate on four hubs - Charlotte, N.C., Philadelphia, Phoenix and the District of Columbia, as well as its hourly shuttle service between New York's LaGuardia Airport, Boston and Washington's Ronald Reagan airport.

"By focusing on our strengths and eliminating unprofitable flying we will increase the likelihood of returning US Airways to long-term profitability," Chairman and Chief Executive Doug Parker said in a statement.

Read Full Article from Wall Street Journal

- Posted: 2009-10-28 14:37:06

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