Airline Sector Glamour May Be Gone for Good
Remember when working for an airline was glamorous instead of draining?
David N. Siegel does. But those days won't return soon, the president and chief executive of Arlington-based US Airways told executives at a Potomac Officers Club lunch. The airline's employees have already give up $1.2 billion in pay and benefit cuts to help the airline emerge from bankruptcy last year. Now Siegel is looking for at least another 25 percent reduction.
"The harshness of it all is hard to accept,'' he said. "Especially for our veteran employees, who remember when working in the airline industry was a glamorous, well-paying profession."
Remember when working for an airline was glamorous instead of draining?
David N. Siegel does. But those days won't return soon, the president and chief executive of Arlington-based US Airways told executives at a Potomac Officers Club lunch. The airline's employees have already give up $1.2 billion in pay and benefit cuts to help the airline emerge from bankruptcy last year. Now Siegel is looking for at least another 25 percent reduction.
"The harshness of it all is hard to accept,'' he said. "Especially for our veteran employees, who remember when working in the airline industry was a glamorous, well-paying profession."