Leaner Northwest Airlines set for bankruptcy exit
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Northwest Airlines  is set to exit bankruptcy on Thursday, marking the end of a 20-month spell in Chapter 11 for the No. 5 U.S. carrier, and the first time in almost five years that a major U.S. airline has not been in bankruptcy.
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier which has been restructuring in efforts to avoid  a bankruptcy filing, is expected to slash fares and remove  restrictive rules such as Saturday-night stays, Time magazine  reported in its online edition on Sunday.
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The airline's plan to emerge from bankruptcy may include canceling its pension plans.
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Northwest Airlines Corp.  exited bankruptcy on Thursday, marking the end of a 20-month spell in Chapter 11 reorganization for the No. 5 U.S. carrier, and the first time in almost five years that every major U.S. airline is solvent.
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Shares of FLYi Inc., operator of fledgling low-cost carrier Independence Air, dove as much as 36 percent in Wednesday trading after the company confirmed it may file for bankruptcy if it is unable to make $83 million aircraft lease payments in January.
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Online travel agency Priceline.com Inc.  PCLN.O said on Tuesday it will no longer offer Northwest  Airlines Corp. NWAC.O tickets due to a disagreement over the  terms of distribution.
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Northwest Airlines Corp.'s  flight attendants ratified a new collective bargaining agreement, the No. 5 U.S. carrier said on Tuesday as it prepares to exit bankruptcy.
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Bankrupt Northwest Airlines Corp. on Tuesday posted a quarterly loss largely on expenses related to its restructuring.
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Northwest Airlines Corp.  said on Wednesday that its operations were "running smoothly and normally" after a disruption that occurred when the airline shifted some work from union-represented aircraft cleaners to a third party at its hub airport in Minneapolis.
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Three of the nation's largest airlines could be operating under bankruptcy protection in coming weeks, analysts say, the latest sign of the industry's upheaval as it lurches through a  transformation.
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Richard Anderson has quit as chief executive officer of Northwest Airlines. He said Friday he has been hired as executive vice president of a health care company which like Northwest is based in Minnesota.
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Northwest Airlines Corp. NWAC.O, the  No. 4 U.S. carrier, posted a wider quarterly loss on Wednesday  as high fuel prices and low revenue weakened the industry.
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Northwest Airlines (NWAC), a relative financial stalwart in its troubled industry, may be approaching a cash crisis that few have seen coming.
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South Bend, IN - Amid rising fuel costs and fare wars, Indiana-based airline ATA has filed for bankruptcy. Many now are wondering how that decision, announced just yesterday, will affect the future of South Bend Regional Airport.
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EAGAN, Minn. -- Northwest Airlines plans to recall about 600 flight attendants who have been furloughed. The Professional Flight Attendants Association said in a message to union members Friday that the flight
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SAN FRANCISCO (CBS.MW) - Northwest Airlines CEO Richard Anderson resigned Friday, further shaking-up the industry&#39;s executive ranks amid sector turmoil.
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Northwest Airlines (nasdaq: NWAC - news - people ) disclosed an inquiry by the US Securities and Exchange Commission into the airline&#39;s accounting practices for its pension and post-retirement benefit plans.