This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pilots at US Airways Unit Set Talks on 12-Year Old Contract

The Piedmont pilots are not flamethrowers. Freedman said he understands that when it comes to direct negotiations, "we are a small airline with a small management structure that is busy and may not be able to give us as much attention as they would like," even after US Airways top management decides how it wants to proceed. At the same time, he said, "The company is fully aware of the legal options the union has."

Piedmont operates a fleet of 44 Dash 8s, 11 with 50 seats and 33 with 37 seats. It operates about 300 daily departures, primarily in US Airways' biggest hubs in Charlotte, with destinations including Asheville, N.C.; Florence, S.C. and Hilton, Head, S.C.; and in Philadelphia, with destinations including Allentown, Pa. and Buffalo, Ithaca, and Rochester, N.Y. US Airways' other regional carrier, PSA, is also in contract talks with pilots.

Asked whether Piedmont pilots would be impacted by a merger between US Airways and American, Freedman said, "Initially we'd be left alone, just like we were in the other mergers," particularly given the likelihood that Charlotte and Philadelphia will have similar or even increased flying.

"We have a pilot group that has experience at a time when experienced pilots are not quite as plentiful as they used to be, and we provide a valuable service with a valuable airplane," Freedman said. "It's very economical compared to other airlines. In good times, when everyone is making money, we make money, and in bad times, when everyone is losing money, we lose less money."

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,111.10 +4.40 0.03%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.9840 -0.6530 -0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs