US Airways yesterday unveiled a range of initiatives designed to negotiate what Chairman and CEO Doug Parker called "this new and challenging environment," including introduction of a $15 charge for the first piece of checked baggage, aircraft returns and up to 1,700 job cuts. Similar to its domestic rivals, US is facing a fiscal crunch as a result of soaring fuel costs. It said its 2008 fuel expense will increase by $1.9 billion from the previous year to 39% of the mainline and regional ...

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