NYTimes.com Article: US Airways and United Agree to Cooperate

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US Airways and United Agree to Cooperate

July 25, 2002
By THE ASSOCIATED PRESS











ARLINGTON, Va., July 24 (AP) - US Airways and United
Airlines, part of UAL, announced a marketing partnership
today that will allow the two airlines to sell tickets on
each other's flights.

The code-sharing agreement is a major part of a
restructuring plan that US Airways is putting into place to
avoid bankruptcy.

"A marketing agreement should significantly boost our
revenues," the chief executive of US Airways, David N.
Siegel, said in a statement "by giving us reach to more
markets and enabling us to offer our customers more choices
and greater convenience."

United's chief executive, John W. Creighton Jr., said, "The
agreement allows both carriers to complement their route
networks in a way that will attract new traffic and boost
revenue for both airlines."

United and US Airways customers will be able to use their
frequent flier miles on either airline.

The two airlines tried to merge last year, but federal
regulators rejected the arrangement, citing competitive
concerns.

United had planned to pay $60 a share to purchase US
Airways before the regulators deemed the deal unacceptable.


http://www.nytimes.com/2002/07/25/business/25AIR.html?ex=1028601626&ei=1&en=b16a51d90d0e2b16



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