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Thu, May 1, 2008 (5 p.m.)
On Aug. 19, 2008, US Airways will discontinue its Las Vegas hub operation, US Airways employees say they have been told. US Airways, the second-largest carrier for McCarran Airport, has begun to cut its flights this year, when compared to last year's numbers -- it's down from 131 daily round trips last year to 100 this year. The possibility of a merger between United Airlines and US Airways could potentially be another negative factor for Las Vegas' US Airways traffic. In the past month, tickets on US Airways flights have gone up $25 to $50.
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Exxon yesterday reported $11 billion in earnings for the last 3 months. The oil majors have got the nuts of the airlines in a vice and they know it.