Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"Our financial partners have made it very clear that we cannot expect their support and continued participation in our restructuring without a competitive cost structure, and competitive labor, pension and benefit costs are critical components of the cost structure at every successful airline. Our negotiating position is that we are seeking costs that are consistent with those at low-cost carriers that have now become the defining force in the marketplace."

Source: US Airways President and Chief Executive Officer Bruce R. Lakefield, commenting on the company's bankruptcy court filing, requesting permission to reject labor agreements, reduce retiree benefits, and terminate defined benefit retirement plans as measures to reduce costs prior to an expected tough 1Q05 for the airline.

FMI: www.usair.com