WOLF, GANGWAL SAY US AIRWAYS TO REMAIN INTACT

 

 

 
 
WOLF, GANGWAL SAY
US AIRWAYS TO REMAIN INTACT
 

July 10, 2001 -- US Airways Chairman Stephen M. Wolf and President and Chief Executive Officer Rakesh Gangwal said today that they have no intention to, and will not, recommend a breakup of US Airways to its Board of Directors. Wolf and Gangwal stated that "as a result of the decision by UAL Corporation to withdraw from the merger agreement with US Airways, we have received numerous questions from employees, customers and public officials regarding the potential breakup of the airline, as well as unsolicited calls from our competitors expressing interest in parts of the company.

 
 
The uncertainty regarding a potential breakup weighs heavily on our employees, and we feel it is important to address this issue now. "Since we joined the company in 1996, the people of US Airways have met a variety of challenges successfully while consistently showing their dedication to running a quality airline. It is with that same focus and dedication that we will need to jointly address the challenges and opportunities going forward."
 
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