Paper:US Airways Loses Loans for 100 Jets
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US Airways lost the financing for nearly 100 regional jets that were to be a key part of the bankrupt airline&#39;s restructuring plan, The Washington Post reported on Saturday.
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Comair has canceled all 1,100 of its flights. An airline spokesman said a computer system that manages flight assignments crashed.
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Financing for nearly 100 regional planes was key component to restructuring plans.
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United Airlines ran a summer quarter net loss of $274 million on an operating loss of $80 million. Revenues were 7 percent higher than summer of last year but jet fuel costs were up 60 percent.
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The Wall Street Journal reports that the carrier&#39;s largest creditor has agreed to an aircraft leasing and financing deal that would give US Airways a financial lifeline.
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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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United Airlines canceled dozens of flights on Wednesday after 10 days of weather-related problems forced the No. 2 U.S. carrier to scrap more than 1,100 flights.
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Bankrupt US Airways said it has an agreement with General Electric on aircraft leasing and financing that will help the airline lower costs and reduce debt as it tries avoid going out of business.
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Why did the shares of US Airways Group Inc. lose value for the fifth consecutive trading day yesterday?
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Negotiations between US Airways Group Inc. and its pilots union over labor concessions collapsed Monday. The airline is seeking $295 million in annual concessions from pilots.
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Bankrupt US Airways late Saturday  blamed more than 300 canceled flights and thousands of pieces  of stranded luggage on the aftereffects of a heavy winter storm  and large numbers of workers who called in sick during the  crucial holiday travel period.
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Big labor unions at bankrupt US  Airways Group Inc. UAIRQ.OB claimed on Tuesday the carrier  has fallen far short of proving that it must have immediate  court-imposed wage and other cuts to survive.
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Several hundred US Airways employees have volunteered to work at the airline&#39;s operation at Philadelphia&#39;s airport this holiday weekend, the Washington Post reports.
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Bankrupt US Airways Group Inc.  UAIRQ.OB benefited from the leading edge of cost cuts at the  end of 2004 but still lost $236 million in its first full  quarter in bankruptcy, the company said on Monday.
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United Airlines canceled dozens of flights on Wednesday, adding to the more than 1,100 cancellations since December 23 that the No. 2 U.S. carrier blamed on weather but its pilots blamed on insufficient staffing.
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US Airways Group Inc., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.
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An aborted U-turn by an American Airlines pilot sent a Dallas-bound jet sliding into a muddy field at Richmond International Airport yesterday, creating delays and cancellations for at least 100 other flights.