ATA OKs $117 million Southwest deal
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INDIANAPOLIS - ATA Airlines has accepted a $117 million offer from Southwest Airlines that would forge close ties between two of the largest US discount carriers.
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Southwest Airlines (nyse: LUV - news - people ) on Friday said its traffic jumped 14.1% in November. The discount carrier carried 9.6% more passengers during the month than in the year-ago period.
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Low-fare carrier Southwest Airlines Co. said Thursday that its third-quarter profit rose 12.3 percent to beat Wall Street expectations despite higher fuel costs.
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US Airways Group Inc. (UAIRQ.PK: Quote, Profile, Research) said on Friday it reached a tentative agreement with its pilots union that would save $300 million annually and move the
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Southwest Airlines was the apparent winner today in the bidding war for ATA Airlines, a low-fare carrier that sought Chapter 11 protection this fall.
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A deal to unload its gates at Chicago Midway Airport and two other cities for $87.5 million gives ATA Holdings Corp. a big advantage going into bankruptcy reorganization, experts say, both in negotiating better
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ATA Airlines isn&#39;t commenting on reports that the Indianapolis-based carrier is trying to sell its holdings. Reports surfaced citing unnamed sources that ATA is in merger talks with Tempe
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Southwest Airlines Co., the leading U.S. budget carrier, raised fares by as much as $10 each way to offset rising fuel costs, the company said on Monday.
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ATA Airlines Inc. ATAHQ.PK on Monday  said it has put its Chicago Express regional airline up for  sale as part of its effort to reorganize under bankruptcy  protection.
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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
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ATA Airlines Inc. put a piece of its turnaround package in place Friday when a large majority of flight attendants accepted $24 million in concessions to help keep the financially ailing Indianapolis carrier flying.
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Australia's Qantas Airways  said on Thursday it has accepted an A$11.1 billion ($8.7 billion) revised buyout offer led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group at A$5.60 a share.
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Southwest Airlines Co. , the largest discount carrier, led seven of the biggest US airlines in boosting round-trip fares as much as $20 to help offset higher fuel costs.
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ATA Airlines is laying off 156 employees. Company spokeswoman Erica Keane isn&#39;t commenting on reports that the Indianapolis-based ATA is trying to sell all or part of its holdings.
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Low-cost carrier Southwest Airlines Inc. reported Thursday that it won a $117 million bid for rights to six of ATA Airlines Inc.&#39;s gates at Chicago&#39;s Midway Airport.
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Southwest Airlines&#39; package of $117 million in cash, loan payoffs and preferred stock purchases was selected as the winning bid at the bankruptcy court-approved auction for certain ATA Airlines Inc.
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Southwest Airlines Co., the leading U.S. budget carrier, said on Monday it raised fares by as much as $10 each way, a move that triggered matching fare hikes by major rivals.