Delta rejects US Air bid
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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' efforts to extract $800 million in cost cuts from its unions and avoid a return to bankruptcy suffered a major setback when a divided pilots union refused to submit a contract proposal to its membership for a vote.
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Delta Air Lines and its pilots union recessed today without reaching an agreement on pay cuts that are key to the carrier&#39;s efforts to avoid bankruptcy.
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The prospect of imminent airline industry consolidation faded on Tuesday as US Airways Group  reported no headway in its bid to take over bankrupt rival Delta Air Lines .
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The turmoil in the airline industry intensified yesterday when leaders of the pilots union at US Airways rejected the company&#39;s latest plan to cut wages and benefits and a key member of
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US Airways Group Inc.'s shares tumbled nearly 9 percent in early trading Tuesday after union leaders representing US Airways pilots rejected sending a management contract proposal to members for possible ratification.
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Delta Air Lines Inc. DAL.N on Friday  said it hit another bump in its effort to avoid bankruptcy as  bond holders refused to give it permission to buy back certain  debt it needs restructured, sending its shares down about 3  percent.
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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., the No. 3 U.S.  carrier struggling to avoid bankruptcy, has slashed its U.S.  fares, an industry analyst said, in a move industry watchers  fear could trigger a price war.
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Delta Air Lines Inc. DAL.N on  Wednesday cut its fares by up to 50 percent for travel in the  continental United States, prompting fears of a new fare war  and sending airline shares sharply lower.
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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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The European Union rejected the ``unilateral termination&#39;&#39; by the US of a 1992 accord that sets limits on government subsidies for Boeing Co.
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Delta Air Lines officially rejects an $8bn (Â£4.05bn) merger with US Airways proposed last month.
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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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Delta Air Lines is to issue millions of new shares without shareholder consent as part of moves to ensure its survival.
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Flight attendants at US Airways  on Sunday said they had rejected a new proposal by the airline on cuts in wages and benefits which they said fail to improve on sick leave and reserve policies.
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Delta Air Lines Inc.  on Wednesday cut its fares by up to 50 percent for travel in the continental United States, prompting fears of a new fare war and sending airline shares sharply lower.