US Airways: Could Liquidate Without Cuts
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US Airways UAIRQ.OB wants a  bankruptcy judge to impose temporary wage and other cost cuts  on its union workers, warning that it only has enough cash to  operate through January.
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US Airways faces a "high probability" of liquidation by mid-February if the temporary pay cuts it requested are not approved by the U.S. Bankruptcy Court.
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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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ALEXANDRIA, Va.  - US Airways plans to slash costs  under its second bankruptcy of the decade, in a bid to become  more like the discount airlines that threaten its survival.
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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 also asks a judge to approve pay and benefit cuts to help save the carrier from going under. By Associated Press. ALEXANDRIA, Va.
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Delta Air Lines Inc.  said on Thursday it listened to a presentation by US Airways Group Inc.  concerning US Airways' $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.
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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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The chairman of US Airways said that its employees must agree to a third round of wage and benefit cuts worth $800 million in the next 30 days or the airline could be liquidated.
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US Airways is in talks with its pilots over pay cuts designed to turn it into a low-cost carrier, but failure could see it return to bankruptcy.
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Struggling air carrier US Airways (UAIRQ.OQ: Quote, Profile, Research) may petition a bankruptcy court to impose temporary concessions on its unionized workers in the event they fail to agree quickly enough to cost savings
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Troubled carrier US Airways has asked a US bankruptcy court to impose big wage and cost cuts, warning that otherwise it might fail to survive.
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ARLINGTON, Va. - The union for 5,800 US Airways Group Inc. customer-service and reservation agents said it reached agreement on pay and benefit cuts the airline had sought to help emerge from bankruptcy.
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US Airways Group Inc., which filed for Chapter 11 bankruptcy protection last month, will eliminate hundreds of management and nonunion jobs and impose wage cuts to save $45 million a year.
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Local airports and competing airlines are preparing themselves for a world without US Airways. The bankrupt airline faces several financial hurdles that will determine whether it survives beyond next month. What's more, the carrier is coming off a Christmas weekend in which a large number of employees calling in sick left thousands of passengers -- and their luggage -- separated ...
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ATLANTA -- US Airways Group Inc. will pitch its $8.6 billion unsolicited offer for Delta Air Lines Inc. in a meeting this week with Delta and the committee representing the unsecured creditors in Delta's bankruptcy case, a lawyer for the committee said Tuesday.
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US Airways met with two unions yesterday to try to agree on concessions before an Oct. 7 hearing at which a bankruptcy judge may let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.