US Airways abandons Delta offer
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US Airways drops its $10bn bid for rival Delta Air Lines after the latter's creditors back the firm's own recovery plan.
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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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Investors pulled back from shares of major air carriers Friday as concerns loomed that US Airways Group Inc. and Delta Air Lines Inc.
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Layoffs by Delta Airlines in Dallas are being felt in Tulsa. Delta announced Wednesday they&#39;re cutting 7,000 jobs by drastically downsizing their Dallas hub.
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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 Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union
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The board of Delta Air Lines Inc.   met by conference call to discuss US Airways Group  Inc.'s  $8.5 billion hostile bid, but the directors are  not expected to issue a formal position on the offer for  several days, the Wall Street Journal reported on its Web site  on Tuesday, citing people familiar with the matter.
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Pressured by the prospect of bankruptcy, US Airways Group Inc. proposed last-ditch cost-saving offers to its pilots and flight attendants unions yesterday.
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The board of Delta Air Lines Inc.  met by conference call to discuss US Airways Group Inc.'s  $8.5 billion hostile bid, but the directors are not expected to issue a formal position on the offer for several days, the Wall Street Journal reported on its Web site on Tuesday, citing people familiar with the matter.
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Some bondholders of bankrupt airline Delta Air Lines Inc.  have begun organizing an informal group to support US Airways Group Inc.'s  $8.78 billion takeover offer, the Wall Street Journal reported on its Web site on Wednesday.
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Delta Air Lines plans to close its Boston reservations call center Sept. 1, a move that will eliminate about 353 positions.
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Delta Air Lines Inc. on Tuesday rejected an $8.4 billion bid from US Airways Group Inc. and filed its own plan to emerge from bankruptcy as an independent airline.
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US Airways Group Inc.  said on Thursday it made a presentation to the management of bankrupt Delta Air Lines Inc.  and its creditor committee on its $8.5 billion offer to buy Delta.
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Leaders of the US Airways pilots&#39; union have rejected the carrier&#39;s latest contract proposal, hampering the airline&#39;s attempt to avoid filing bankruptcy a second time.
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American Airlines, the nation's largest carrier, is matching most of the sweeping changes Delta Air Lines made to its fare structure, which includes eliminating Saturday-night stay requirements and lowering last-minute fares, an industry source familiar with the move said Thursday.
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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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Delta Air Lines will virtually eliminate its hub in Dallas that once was key to its long-term strategy. American Airlines will shutter its operations at Long Island MacArthur Airport in Bohemia.