US Airways Faces  Uncertain Future
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US Airways managers said Sunday the combination of large payments due this week and the failure to achieve a third round of concessions has led them back to bankruptcy court.
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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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US Airways Group Inc. probably will need more cost cuts or a boost in revenue to attract the &#36;250 million in equity it says it needs to leave bankruptcy next year, the company said on Thursday.
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For US Airways employees, anxiety intensifies as the carrier takes its second dip into bankruptcy restructuring in two years.
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With a bankruptcy court scheduled to hear arguments Thursday 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-service
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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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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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As US Airways (Nasdaq: UAIR) slides back into bankruptcy, it should take a hint from Hawaiian Holdings (AMEX: HA). The company&#39;s Hawaiian Airlines subsidiary is also under the
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Investors pulled back from shares of major air carriers Friday as concerns loomed that US Airways Group Inc. and Delta Air Lines Inc. might soon declare bankruptcy, in what would mark yet another major setback to the embattled industry.
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With ATA Airlines having crash-landed into bankruptcy court last week, the future of the airlineâs Fort Wayne-to-Chicago air service isnât the only thing up in the air.
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US Airwaysâ unions say the bankrupt airline is âbarking up the wrong treeâ by seeking to ensure its solvency by imposing a 23 percent pay cut on its workers.
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US Airways, the most troubled of the nation's major airlines, has had to walk a tightrope the last few months, simultaneously talking tough to its unions while telling customers their frequent-flier miles are safe and the skies are still friendly.
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ALEXANDRIA, Va. A federal bankruptcy judge is weighing whether to grant US Airways&#39; request to impose 23-percent pay cuts on its workers to shore up its financial position while it reorganizes.
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Soaring fuel prices and slowing economic growth are likely to wipe out much of the airline industryâs profits next year, despite steady increases in global demand for air travel.
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With its labor negotiations faltering, US Airways Group Inc. has begun consultations with bankruptcy advisers in anticipation of a filing, a source familiar with the talks said Tuesday.
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Northwest Airlines (NWAC), a relative financial stalwart in its troubled industry, may be approaching a cash crisis that few have seen coming.
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After half a decade of turmoil, a picture of air travel in the U.S. is starting to emerge, and it is far different from the caring image the airlines like to present.