US Airways woes spark EDS earnings warning
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The troubled tech company releases an estimate of the damage it could sustain in the wake of the airline's bankruptcy filing.
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Electronic Data Systems Corp. (EDS) could be facing more rough waters with its $8.8 billion U.S. Navy contract, as the IT services provider delayed release of its third-quarter results on Monday pending a review of the value of its assets used on the deal.
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Two of the biggest US airlines warn of steep cuts in staff benefits as they face what a bankruptcy judge calls a "fiscal timebomb".
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Electronic Data Systems Corp.  EDS.N said on Thursday the bankruptcy of US Airways Group  Inc. UAIRQ.OQ could sharply reduce its third-quarter earnings  by up to 3 cents per share, because of a long-term information  technology contract between the companies.
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High fuel costs represent a &quot;major threat&quot; to airlines' profitability, although European carriers are better placed than their US rivals to withstand the impact, according to a report published Monday by credit rating agency Standard and Poor's.
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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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Travelers at Philadelphia International Airport are hoping for the best but bracing for the worst this weekend after US Airways labor problems and
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US Airways Group Inc. attorneys and executives acknowledged in bankruptcy court Thursday that bookings had fallen more steeply than they had anticipated in reaction to their Chapter 11 filing last month.
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A Midwest snowstorm and a crush of baggage caused widespread problems for airlines over the holiday weekend, but a flurry of sick days by US Airways flight attendants contributed to delays, a spokeswoman for the troubled airline said.
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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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Electronic Data Systems Corp., which lost business when customer US Airways Group Inc. filed for bankruptcy protection the first time, says the carrier&#39;s latest filing also will hurt.
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US Airways Group Inc. attorneys and executives acknowledged in bankruptcy court yesterday that bookings had fallen more steeply than they had anticipated in reaction to their Chapter
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Electronic Data Systems Corp. said on Thursday the bankruptcy of US Airways Group Inc. could sharply reduce its third-quarter earnings by up to 3 cents per share, because
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The world&#39;s major airlines are expected to rack up about $US4.8 billion ($A6.33 billion) in losses this year and will climb back to profit next year only if oil prices fall, the top industry body warned today.
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US Airways Group Inc. probably will need more cost cuts or a boost in revenue to attract the &#36;250 million in equity it says it needs to leave bankruptcy next year, the company said on Thursday.
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Electronic Data Systems Corp., the world&#39;s second-largest seller of computer services, said US Airways Group Inc.&#39;s bankruptcy will cut its profit, the second time that&#39;s happened in two years.
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ALEXANDRIA, Va. Sept. 27, 2004 - US Airways Group Inc. warned in a bankruptcy court filing that it may have to liquidate by February if a judge does not impose a temporary 23 percent pay cut on its union workers.