FOR IMMEDIATE RELEASE
January 21, 2005
Statement by US Airways ALPA Regarding IAM Ratification of US Airways' Final Offer
PITTSBURGH -- US Airways MEC Chairman Captain Bill Pollock of the Air Line Pilots Association (ALPA) today released the following statement:
We are pleased to learn that the three workgroups of the US Airways IAM have voted to ratify the Company's final offer and to participate in US Airways' Transformation Plan. From the beginning of this process, ALPA has said that each employee group's participation was necessary for a successful transformation. With all of these agreements now in place, US Airways has achieved its most recent Transformation Plan goal of $1 billion in cost savings from its employees.
However, this milestone was not realized without much pain and sacrifice from the employees. Our decision to provide management with such significant cost cuts underscores every single employee's dedication to the survival of our airline. These contributions, which were made after serious deliberation by all US Airways unions, give US Airways the tools to maintain and improve our operations and to emerge from bankruptcy as a healthy competitor.
The pilots of US Airways, who have cumulatively provided nearly $7 billion in cost savings to US Airways through 2009, look forward to the successful implementation of the Transformation Plan. The sizeable investment we have made in our airline will continue to require our involvement with the Plan every step of the way to ensure that our sacrifices are properly applied.
ALPA is the world's oldest and largest pilot union, representing 64,000 pilots at 43 airlines in the U.S. and Canada. Visit the ALPA Web site at http://www.alpa.org.
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CONTACT: Jack Stephan
Air Line Pilots Assoc., Int'l.
US Airways Pilots Master Executive Council
(410) 703-9259; (410) 268-3323