US Airways&#39; Bankruptcy Signals More Turbulent Times
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NEW YORK, Sept 13  - The bankruptcy filing of US Airways highlights the still-fragile condition of the US aviation industry three years after the September 11 attacks, with more turbulence looming, analysts say.
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ALEXANDRIA, Va.  - US Airways Group Inc. UAIR.O,  squeezed severely by low-cost rivals and soaring fuel prices  and failing in its drive for new labor concessions, filed for  bankruptcy protection on Sunday for the second time in two  years.
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Description: Less than two years after emerging from bankruptcy, US Airways once again seeks Chapter 11 protection from creditors.
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Barring a last-minute change of heart by its recalcitrant unions, US Airways appears all but certain to seek bankruptcy protection on Sunday.
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The bankruptcies at US Airways and United show that companies can face financial distress even when workers cooperate.
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At the airport, you hear all of the usual explanations: bad weather, mechanical difficulties, no crew available. But now there&#39;s another excuse you might hear as times get tougher for cash
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US Airways hopes its other unions will follow with concessions so the company can emerge from bankruptcy. By Associated Press. ARLINGTON, Va.
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ALEXANDRIA, Va., Sept 13  - US Airways plans to  slash costs under its second bankruptcy of the decade, in a bid  to become more like the discount airlines that threaten its  survival.
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The airline sector, clouded by US Airways Group Inc.&#39;s recent bankruptcy and Delta Air Lines Inc.&#39;s impending financial shortfall, sank deeper in Monday trading as low-cost carriers took a hit from lowered analyst ratings.
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US Airways Group Inc. president and chief executive Bruce Lakefield is determined that the airline will emerge from its second bankruptcy filing in two years in stronger shape than ever.
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US Airways Group Inc. said yesterday that sharply rising fuel costs in recent weeks have made the bankrupt airline's already dismal financial outlook even more acute.
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US Airways is dangerously close to its second Chapter 11 filing in two years, a bankruptcy that could cripple the airline and its frequent fliers if it fails to cut costs severely.
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US Airways Group Inc., the nation&#39;s seventh-largest airline, filed for bankruptcy protection Sunday for the second time in two years.
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US Airways Group Inc. is encountering an increased number of employees calling in sick, and some workers are staging slowdowns as the airline reorganizes its employee benefits and sick leave in bankruptcy court, executives from the airline said yesterday.
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The Federal Aviation Administration is facing some of the same problems that are driving the airlines to bankruptcy, rising costs and declining income, and faces two
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A major stakeholder in US Airways Group Inc. (UAIR.O: Quote, Profile, Research) on Sunday said the airline&#39;s second filing for bankruptcy protection in two years was a &quot;difficult
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SEPTEMBER 16, 2004 (IDG NEWS SERVICE) - The financial performance of Electronic Data Systems Corp., which has been on a bumpy flight pattern for about two years, has hit more rough air as a result of US Airways Group Inc.