US Airways Outlines Time Frame for Possible Liquidation
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US Airways faces a "high probability" of liquidation by mid-February if the temporary pay cuts it requested are not approved by the U.S. Bankruptcy Court.
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Pilots at US Airways blamed the company for a breakdown in concession negotiations over the weekend, as time runs down on efforts to avoid a second bankruptcy filing in two years.
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A US Airways bankruptcy would reverberate in airline boardrooms, union halls and hangars around the country. What happens to the tickets you purchased for that fall
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US Airways Group Inc. is proceeding with plans to seek bankruptcy court permission to cut employee pay and benefits, Chief Executive Bruce Lakefield said in a recorded message to workers.
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US Airways faces a serious risk of going out of business, according to some leading airline analysts, despite claims by the CEO of the nation&#39;s No.
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Delta Air Lines Inc.  said on Thursday it listened to a presentation by US Airways Group Inc.  on US Airways' $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.
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US Airways will ask the bankruptcy court to temporarily nullify its labor agreements and impose wage cuts if the carrier&#39;s unions do not agree on concessions by Friday, the chief executive told employees yesterday.
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US Airways UAIRQ.OB wants a  bankruptcy judge to impose temporary wage and other cost cuts  on its union workers, warning that it only has enough cash to  operate through January.
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US Airways said that it must emerge from bankruptcy protection by June 30 to comply with a new $140 million aircraft leasing and financing deal.
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Onge and Mary Schlangenstein. US Airways said yesterday it can&#39;t attract $250 million needed to avoid liquidation and exit bankruptcy under its current recovery plan, the former chief financial officer said.
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Electronic Data Systems Corp.  EDS.N said on Thursday the bankruptcy of US Airways Group  Inc. UAIRQ.OQ could sharply reduce its third-quarter earnings  by up to 3 cents per share, because of a long-term information  technology contract between the companies.
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With a bankruptcy court scheduled to hear on Dec. 2 arguments by US Airways Group Inc. to throw out contracts covering union workers who haven&#39;t approved new deals, union leaders for the carrier&#39;s customer
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US Airways Group Inc. has told a judge in US Bankruptcy Court it needs an answer by the end of next week on its proposal to cut employee pay 23% or it faces possible liquidation, the Associated Press reports.
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Troubled airline US Airways asks a court to impose wage cuts of up to 23%, warning it might otherwise go into liquidation.
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US Airways Group Inc. yesterday asked a bankruptcy court judge to terminate the long-term contracts of its flight attendants, mechanics, and customer service and ticket agents if the
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he chairman of US Airways, David G. Bronner, said yesterday that its employees must agree to a third round of wage and benefit cuts worth $800 million in the next 30 days or the airline could be liquidated.
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US Airways UAIRQ.OQ has asked a  bankruptcy judge to approve temporary wage and other cost cuts  from its unions, saying it only has enough cash to survive  through January 2005.