US Airways&#39; Bankruptcy Signals More Turbulent Times
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NEW YORK, Sept 13  - The bankruptcy filing of US Airways highlights the still-fragile condition of the US aviation industry three years after the September 11 attacks, with more turbulence looming, analysts say.
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The airline sector, clouded by US Airways Group Inc.&#39;s recent bankruptcy and Delta Air Lines Inc.&#39;s impending financial shortfall, sank deeper in Monday trading as low-cost carriers took a hit from lowered analyst ratings.
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EDS is likely to be affected by the financial difficulties facing the US Airways Group, which filed for bankruptcy protection this week.
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Electronic Data Systems, which lost business when customer US Airways filed for bankruptcy protection the first time around, says the carrier&#39;s latest filing also will hurt.
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US Airways' second trip to bankruptcy court holds both promise and peril for the nation's other major airlines.
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ALEXANDRIA, Va., Sept 13  - 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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As US Airways (Nasdaq: UAIR) slides back into bankruptcy, it should take a hint from Hawaiian Holdings (AMEX: HA). The company&#39;s Hawaiian Airlines subsidiary is also under the
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The two major US airlines in bankruptcy have made tough choices about jobs and wages while largely protecting the free tickets and other perks offered to their frequent fliers.
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The industry faces upheaval as finances worsen and low-cost carriers gain ground.
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Amid talk of a possible liquidation, bankrupt US Airways in recent weeks completed a reorganization that eliminated several corporate sales positions while emphasizing newer
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IMPERIAL, Pa. Some passengers express concern about US Airways&#39; latest bankruptcy filing, even though the airline vows to continue operating a normal schedule.
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US Airways probably will need more cost cuts or a boost in revenue to attract the USD$250 million in equity it says it needs to leave bankruptcy next year, the company said on Thursday.
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US Airways Group Inc. , the nation's seventh-largest airline, filed for Chapter 11 bankruptcy protection yesterday for the second time in two years, after last-ditch negotiations with pilots failed to win the airline the $295 million in pay and benefit cuts it had been seeking.
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Pilots at US Airways blamed the company for a breakdown in concession negotiations over the weekend, as time runs down on efforts to avoid a second bankruptcy filing in two years.
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ROME, Sept. 15 -- The airline industry shakeout that forced U.S. Airways Group Inc. into bankruptcy this week is rippling through Europe as well, with some forecasters predicting that only a handful of the continent's airlines can survive, and Italian authorities scrambling this week to keep national carrier Alitalia SpA aloft.
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Delta Air Lines revised its annual report yesterday to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.
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US Airways Group Inc. said yesterday that sharply rising fuel costs in recent weeks have made the bankrupt airline's already dismal financial outlook even more acute.