US Air Needs Cuts to Entice Investors
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US Airways Group Inc. probably will need more cost cuts or a boost in revenue to attract the $250 million in equity it says it needs to leave bankruptcy next year, the company said on Thursday.
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US Airways' unions say the bankrupt airline is ''barking up the wrong tree&quot; as it seeks to ensure its solvency by imposing a 23 percent pay cut on its workers.
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Lufthansaâs investment in JetBlue, the struggling discount carrier, is the latest example of a foreign companyâs taking advantage of the weak dollar to invest in a prominent American company.
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With a US Airways bankruptcy expected as early as today, a last-ditch effort to reach a $295 million cost-cutting deal with the pilots stalled again yesterday, with neither side meeting or trading new offers.
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US Airways announced plans Tuesday to cut $45 million a year in pay and benefits to roughly 3,700 management employees, a move the airline hopes will convince its union employees to collectively accept $950 million in annual cost cuts.
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As corporate jets take up an increasing share of the skies, they're being pressed to contribute more to aviation costs
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Troubled airline US Airways asks a court to impose wage cuts of up to 23%, warning it may go into liquidation.
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US Airways Group scrambled to find cost savings to avoid tumbling back into bankruptcy, an event industry analysts warn could come as early as this weekend.
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Some stocks to consider in the wake of the Fed cut.
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The scramble by big traditional US airlines to become profitable again is leaving many travelers with longer airport layovers. The typical American Airlines passenger connecting through Dallas/Fort Worth now
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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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Facing continued top-line weakness, the company may have to cut costs.
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ARLINGTON, Va. -- US Airways Group has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season, the company said Saturday.
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THE US Airways bid to acquire Delta Air Lines benefited investors throughout the airline sector Â except for Delta shareholders. Shares of US Airways and other major carriers leaped when the bid was announced, but DeltaÂs plunged after a small initial rally.
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US Airways UAIR.O, struggling to  avoid a second bankruptcy, has asked pilots for a 16.5 percent  pay cut, USA Today reported in its Friday editions.
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US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) chairman said employees must agree to $800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing ...
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A group representing business travelers on Tuesday asked the US Congress to draft plans in the event that several major airlines are forced to liquidate.