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COMPANY WEB CAST
Last week, our CEO conducted a web cast. Nothing new was stated in his web cast. AFA has still not received the business plan, a proposal, or a clear outline of the level of participation for management under the new "plan".
It is clear that our CEO now wants to make us just like JetBlue. Here's how we compare to JetBlue:
First six months (75 hour yield):
3 JetBlue 01/01/03 18,600.00
5 US Airways 01/01/04 18,360.00
Sixth year (75 hour yield):
14 JetBlue 01/01/03 25,110.00
3 US Airways 01/01/04 29,583.00
Highest year (75 hour yield):
12 JetBlue 13th yr. 01/01/03 35,712.00
10 US Airways 14th yr. 01/01/04 36,945.00
(first number in each line above indicates overall ranking out of 43 airlines source: AFA research department)
It appears our CEO is no longer interested in comparing us with Southwest. He wants to penalize our employees because we are a more senior group of employees than those at JetBlue. We just want you to have some idea of what this management team will be asking for when we finally get a formal proposal from them.
If you want to see the web cast, go to:
http://usairways.internetstreaming.com
NOTICE OF ANNUAL MEETING & PROXY STATEMENT
The Notice of Annual Meeting and Proxy Statement of US Airways Group, Inc., will be issued soon. The Annual Meeting will be held on May 19 in Prattville, AL. The meeting will begin at 0930.
One item that I personally need to address relates to information that will be published in my bio as a Board member. That information relates to my filing of personal bankruptcy last year. As much as I believe it is very personal information, the law requires that it be disclosed in the proxy statement. The only thing I will say regarding that matter is that my filing had absolutely nothing to do with US Airways or the pay cuts we have taken. I prefer to tell you about that information here rather than have you read it in the proxy statement.
This e-line and hotline will be updated as soon as any new information becomes available. Thanks for staying informed.
Perry Hayes
MEC President
REMINDERS:
We currently have 2,285 members on voluntary furlough. In addition we have 1,745 on involuntary furlough ranging in hire dates from 6/25/01-9/29/99. 250 members are scheduled to return from voluntary furlough in June.
To date 50 furloughed members have accepted positions with MidAtlantic.
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Accessing The Hub:
http://thehub.usairways.com
Logging in the first time your user name is u0(zero) and your five digit employee number. Your initial password is the first five digits of your social security number. Questions about the Hub? Call 800-327-0117 and listen for the catcrew help desk prompts.
AFA Local Numbers
Council 40 PIT 724-695-3329
Council 41 DCA 703-690-6859
Council 69 BOS 978-352-7401
Council 70 PHL 215-492-0840
Council 82 LGA 201-803-6141
Council 89 CLT 704-527-0325
New Hotline Number Toll Free: 866-USA-AFA2
US AIRWAYS Benefits Information 800-872-4780
Reply to Inflight: askinflight@usairways.com
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