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    US Airways Group Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 8,140,000 8.9
    Net Income 263,000 120.5
    Rank Last Year: 5

    Description:
    US Airways Group is the holding company for US Airways, which dominates north-south air travel along the East Coast. It operates from major hubs in Pittsburgh, Charlotte, Philadelphia and Baltimore and is the major airline at Washington National Airport.

    Business Resume:
    • Contact Info --
      2345 Crystal Dr.
      Arlington, Va. 22227
      703-872-7000
    • Main Business --
      Airline
    • Founded --
      1939
    • Chairperson --
      Stephen M. Wolf (CEO)
    • President --
      Rakesh Gangwal
    • Employees --
      42,245
    • D.C.-Area Employees --
      4,177
    Developments:
    It was a year of restructuring, cost-cutting and consolidation under Chairman Stephen M. Wolf and President Rakesh Gangwal. And some of the greatest challenges lie ahead as the airline tries to trim its costs, become "the airline of choice" in the East and fend off stiff challenges from Southwest Airlines Co. and Delta Airlines Inc.'s new, low-cost "airline within an airline."

    To highlight the hoped-for rebirth of the airline as a growing power in aviation, it changed its name from USAir to US Airways, is repainting all of its planes in a new gray-and-blue color scheme, and is planning to expand.

    Wolf and Gangwal say their first priority is the expansion of transatlantic routes, and close behind is to take on the low-cost carriers, including Southwest and Delta. As part of the effort, US Airways announced an order for 400 aircraft from Airbus Industrie that will allow some expansion but mainly will enable US Airways to get rid of some older planes.

    However, the aircraft order—and perhaps the airline's future—depends on reaching cost-cutting agreements with its unions, a goal that has proved elusive for years. US Airways entered 1997 with the highest costs in the industry—12.1 cents per available seat-mile, compared with 8.7 cents for Delta and even less for low-cost carriers.

    © Copyright 1997 The Washington Post

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