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Usair's Chief Plans To Bail Out


In Business This Week

USAIR'S CHIEF PLANS TO BAIL OUT

ON SEPT. 5, USAIR PREDICTED it would end 1995 with an operating profit, its first in six years. The next day, Chief Executive Seth Schofield, 56, abruptly announced his intention to retire. The reason wasn't clear. Schofield "had decided that USAir had come a long way," a company spokesman says. Indeed, since taking over the airline in 1992, he has fought with unions to cut salaries and other operating expenses. But the airline still has the industry's highest labor costs, and its stock hasn't budged.EDITED BY KEITH H. HAMMONDS


The Aging of Abercrombie & Fitch
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