Delta rejects US Airways merger
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Delta Air Lines officially rejects an $8bn (Â£4.05bn) merger with US Airways proposed last month.
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Delta Air Lines Inc. took a giant step away from bankruptcy with a tentative agreement on contract concessions from its pilots. But details on the proposal reached Wednesday were withheld while it was reviewed
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Cost-cutting talks between US Airways and its machinist union broke off yesterday after the airline said the union&#39;s proposed money-saving ideas were not enough to help the carrier avoid bankruptcy.
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US Airways Group Inc. withdrew a $9.8 billion bid for bankrupt Delta Airlines on Wednesday, taking pressure off rival carriers to consolidate.
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Delta Air Lines  said its board has  rejected an $8.4 billion acquisition bid from rival US Airways  Group Inc. , calling the bid "structurally flawed" and  plagued by antitrust and labor issues.
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Delta Air Lines Inc., the No. 3 U.S. carrier struggling to avoid bankruptcy, has slashed its U.S. fares, an industry analyst said, in a move industry watchers fear could trigger a price war.
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The turmoil in the airline industry intensified yesterday when leaders of the pilots union at US Airways rejected the company&#39;s latest plan to cut wages and benefits and a key member of
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The High Court has turned down an appeal by Air New Zealand and Qantas over their proposed merger. The airlines had appealed to the court over the Commerce Commission&#39;s earlier decision to decline Qantas&#39;s
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US Airways' efforts to extract $800 million in cost cuts from its unions and avoid a return to bankruptcy suffered a major setback when a divided pilots union refused to submit a contract proposal to its membership for a vote.
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The airline, whose workers refused to accept $800 million in wage and benefit cuts, joins United Airlines in bankruptcy. Delta could soon follow.
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The pilots union of bankrupt airline US Airways (UAIRQ.O: Quote, Profile, Research) failed over the weekend to agree to a new round of pay cuts and will resume its deliberations on Tuesday, the New York Times reported.
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A potential merger between US Airways Group  and Delta Air Lines  would force the combined airline to shed some overlapping services, but the sale of assets could open the door to low-cost competitors and spark a new fare war.
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Shares of US Airways Group Inc. slipped as much as 23 percent in early trading on Tuesday after its pilots union rejected the company's latest contract proposal, a blow to its attempt to avoid a second trip through bankruptcy.
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Antitrust regulators could prevent halt Delta's merger talkes with UAL and Northwest
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Northwest Airlines has entered into formal merger discussions with Delta Air Lines and will look for another partner if Delta tries to merge with United Airlines instead
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New Zealand&#39;s High Court on Monday rejected as uncompetitive a proposed alliance between the country&#39;s flag carrier and Australian rival Qantas in a deal that Air New Zealand had claimed was critical to its long-term survival.
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Midwest Air Group Inc.  on Wednesday said it has turned down an unsolicited merger proposal from AirTran Holdings Inc. , parent of AirTran Airways.