US Airways Ends Bid For Delta
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The withdrawal ends speculation of an imminent wave of consolidation in the troubled airline industry.
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Delta Air Lines (DAL:NYSE - news - research) said Wednesday its debt exchange has ended, with the intermediate and long-term portions receiving insufficient interest from bondholders.
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Delta Air Lines Inc., the No. 3 U.S. carrier, said on Wednesday it is cutting its airfares by as much as 50 percent for travel in the continental United States.
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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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Cost-cutting talks between US Airways and its machinist union broke off yesterday after the airline said the union&#39;s proposed money-saving ideas were not enough to help the carrier avoid bankruptcy.
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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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SEPTEMBER 20, 2004 -- Regional jet manufacturers Bombardier and Embraer canceled huge orders that US Airways placed last year, a carrier spokesman confirmed today.
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US Airways reached a tentative deal on Thursday with negotiators for its flight attendants union for USD$94 million in yearly concessions to help the bankrupt carrier avoid liquidation, union and company officials said.
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Talks between US Airways (UAIR.O) and its pilots union over a new round of concessions collapsed on Monday, the union said.
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Delta Air Lines Inc. formally rejected a bid by smaller rival US Airways Group Inc.  on Tuesday and filed its own long-awaited plan to emerge from bankruptcy that would value the carrier at up to $12 billion.
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WASHINGTON -- 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 agreeing to take the latest company proposal to its leaders this week.
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In an effort to avoid bankruptcy Delta Air Lines Inc. announced that it is eliminating  7,000 jobs, closing its Texas hub and seeking wage concessions from its pilots.
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US Airways and a Delta subsidiary say they have resolved the problems that disrupted the travel plans of thousands of passengers last weekend.
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- Delta Air Lines said its board has rejected an $8.4 billion acquisition bid from rival US Airways Group Inc., calling the bid "structurally flawed" and plagued by antitrust and labor issues.
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Talks have broken down between US Airways (UAIR:Nasdaq - news - research) and its pilots, putting the carrier another step closer to filing for bankruptcy protection again.
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US Airways reached a tentative agreement with the leaders of its pilots union on $300 million in annual concessions yesterday, a deal that would result in the pilots permanently losing 17.5 percent of their salaries in exchange for a chance to save the airline and their jobs.
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ARLINGTON, Va. -- Talks between US Airways Group and the union representing pilots have broken down, the Air Line Pilots Association said Monday.