US Airways Withdraws Offer for Delta
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US Airwaysâ chief criticized Deltaâs creditors committee for overstating concerns about a merger.
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US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, the union says.
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US Airways Group Inc.&#39;s pilot leaders rejected proposed pay and benefit cuts, possibly derailing the carrier&#39;s plan to wrest $800 million in labor concessions in time to avoid a second bankruptcy filing.
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Talks between US Airways UAIR.O  and the airline's pilots union over a new round of concessions  broke down on Monday, the union said.
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US Airways' pilots union announced that negotiations on pay and benefit cuts broke down Monday, prompting the carrier's executives to ask that their latest proposal be taken directly to the union's leadership for a vote.
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U.S. airlines have begun to withdraw a revenue-boosting fare increase initiated last week by Delta Air Lines, but it is too soon to say whether the bulk of the increase will last, a fare tracker said on Monday.
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US Airways and its pilots union said on Saturday that they were willing to resume talks over a $295 million package of concessions, as time ran short for the company
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When US Airways made its unsolicited takeover bid for Delta Air Lines last month, it jolted the recovering airline industry and sparked talk about a wave of potential mergers.
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US Airways Group Inc.  said on Thursday it made a presentation to the management of bankrupt Delta Air Lines Inc.  and its creditor committee on its $8.5 billion offer to buy Delta.
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Talks between US Airways (UAIR.O: Quote, Profile, Research) and the airline&#39;s pilots union over a new round of concessions broke down on Monday, the union said.
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Delta Air Lines Inc. announced Wednesday that its offer to exchange unsecured notes for secured bonds fell short of a company goal, but that enough investors had tendered their short-term securities for a debt exchange to occur.
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Leaders of US Airways Group Inc.&#39;s pilots union rejected the carrier&#39;s latest contract proposal late Monday, a blow to the No.
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Delta Air Lines Inc. formally rejected a bid by smaller rival US Airways Group Inc. and filed its own long-awaited plan to emerge from bankruptcy on Tuesday, valuing the carrier at up to $12 billion.
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US Airways Group Inc. abandoned its 2 1/2-month hostile takeover bid for Delta Air Lines Inc. , yesterday after Delta's creditors said they preferred Delta management's plan to emerge from bankruptcy reorganization this spring as an independent carrier.
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Pact with union may allow the No. 3 airline to avoid a bankruptcy filing, newspaper says. NEW YORK (CNN/Money) - Delta Air Lines and its pilots union reached an agreement on concessions that could allow the
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ATLANTA -- Delta's official creditors committee threw its support behind the bankrupt airline's standalone reorganization plan on Wednesday, a decision that prompted US Airways to drop its hostile $9.8 billion bid to buy Delta.