LYCOS RETRIEVER
America West Airlines: United States
built 627 days ago
Founded in 1983 and proudly celebrating its 20-year anniversary in 2003, America West Airlines is the nation's second largest low-fare airline and the only carrier formed since deregulation to achieve major airline status. Today, America West serves 92 destinations in the U.S., Canada and Mexico.
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America West Airlines is the nation's second largest low-fare airline and the only carrier formed since deregulation to achieve major airline status. America West's 13,000 employees serve nearly 55,000 customers a day in 96 destinations in the U.S., Canada, Mexico and Costa Rica.
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Despite the fact that the U.S. airline industry was undergoing a frenzy of mergers and takeovers during this time, America West was able to remain largely removed from this activity. The company's stock option plan for employees had put 18 percent of the airline's outstanding shares in workers' hands, and members of the company's management controlled an additional 12 percent. Nevertheless, a one-fifth stake in America West was purchased by Ansett Airlines, an Australian company half-owned by media mogul Rupert Murdoch. America West had previously leased planes from the company in August of 1987, providing the airline with a much needed infusion of additional cash. Regardless of this measure of financial health, the company's stock price remained static, as Wall Street analysts expressed doubts about the company's ambitious plans for expansion.
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The Air Line Pilots Association is the bargaining agent for the nearly 1,900 pilots at America West Airlines. Founded in 1931, ALPA is the world's largest pilot union, representing more than 60,000 pilots at 41 airlines in the United States and Canada. Visit the ALPA website at http://www.alpa.org/.
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