US Airways and TWU Flight Crew Training Instructors Reach Tentative Agreement on Cost Savings

Share Name	Share Symbol	Market	Type
US Airways Grp Cla (MM)	NASDAQ:UAIR	NASDAQ	Common Stock

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US Airways and TWU Flight Crew Training Instructors Reach Tentative Agreement on Cost Savings

26/09/2004 8:31pm

PR Newswire (US)

US Airways (NASDAQ:UAIR)
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US Airways and TWU Flight Crew Training Instructors Reach Tentative Agreement on Cost Savings ARLINGTON, Va., Sept. 26 /PRNewswire-FirstCall/ -- US Airways and the Transport Workers Union (TWU) Local 547, representing approximately 65 Flight Crew Training Instructors, have reached a tentative agreement on a new contract to reduce costs in support of the company's Transformation Plan to become a low-cost carrier. Details of the agreement have not been disclosed pending the TWU's communication of the agreement to its members. "Our members recognize the need to implement meaningful efficiency gains and other cost-saving steps in order to keep US Airways alive and well. While these actions are very difficult for us, we recognize that our livelihood depends on the successful restructuring of this airline," said Bill Gray, president of TWU Local 547. "Our employees have too much time and effort invested in this fine company to just stand by and watch it fade into the annals of aviation history." "The leadership of the Flight Crew Training Instructors has made a very important decision on behalf of its members in reaching this agreement to support the company's Transformation Plan," said Jerrold A. Glass, US Airways senior vice president of employee relations. "We fully recognize these sacrifices, and that they bring us one step closer to our goal of becoming a stronger and more competitive force in the industry." Ratification of this agreement is expected to be completed within two weeks and requires approval by the bankruptcy court. Meetings with the Air Line Pilots Association (ALPA), the Association of Flight Attendants (AFA), the Communications Workers of America (CWA), the International Association of Machinists (IAM) and one other TWU group (Simulator Engineers), continue. DATASOURCE: US Airways CONTACT: David Castelveter for US Airways, +1-703-872-5100 Web site: http://www.usairways.com/

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UAIR US Airways Grp Cla (MM)