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US Airways and ALPA - Tentative Agreement

US Airways and the
negotiating committee for the Air Line Pilots Association (ALPA),
representing approximately 3,200 US Airways pilots, today reached a
tentative agreement that will save the company $300 million annually and
move US Airways another step closer to implementing its Transformation
Plan. Details of the agreement have not been disclosed pending ALPA’s
communication of the agreement to its members.

“This is a major step forward for our company, its employees, customers
and all other stakeholders,” said Bruce R. Lakefield, US Airways president
and chief executive officer. “Ratification by ALPA’s members is essential
to our transformation and would demonstrate their continuing commitment to
making our airline stronger and more competitive.”

The Transport Workers Union (TWU) dispatchers yesterday ratified their
cost-saving agreement. US Airways has reached tentative agreements with
the other two TWU units (flight crew training instructors and flight
simulator engineers). The company continues negotiations with the
Association of Flight Attendants and Communications Workers of America.
Talks with the International Association of Machinists are scheduled to
resume next week.