US Airways plane buys on track despite market woes - East Valley Tribune: Business

US Airways plane buys on track despite market woes

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Posted: Thursday, September 18, 2008 1:36 pm | Updated: 11:35 pm, Fri Oct 7, 2011.

US Airways President Scott Kirby says he feels "pretty good" about paying for new aircraft despite the financial meltdown on Wall Street.

Kirby told investors Thursday at a conference in New York that the Tempe-based airline already has financing agreements in place for its aircraft, and it has no near-term financing needs when it comes to planes.

He added that the pressure to raise cash has diminished as oil prices dropped from their peak of nearly $150 a barrel.

However, Kirby says US Airways will continue charging fees for checked bags, sodas and other in-flight services.

The carrier also will move forward with plans to cut available seats by as much as 10 percent next year in hopes of keeping air fares high.

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