ATA is the first US budget airline to seek bankruptcy
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ATA Airlines has become the first major low-fare airline in the United States to seek Chapter 11 bankruptcy protection. The move, which came on Tuesday, immediately set off a bidding war for the company and its assets.
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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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Bankrupt US Airways is one step closer to relieving financial problems and emerging from bankruptcy as a low-cost carrier. The airline and the Transport Workers Union Local 545, which
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America West Airlines officials say they want to help pick up the pieces as low-cost carrier ATA goes through bankruptcy reorganization.
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ATA Airlines Inc.  on Monday said it has put its Chicago Express regional airline up for sale as part of its effort to reorganize under bankruptcy protection.
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America West Airlines said Thursday it will not bid for bankrupt low-cost flier ATA Airlines, a decision that makes the hometown carrier&#39;s biggest rival, Southwest Airlines, and AirTran
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ALEXANDRIA, VIRGINIA - US Airways Group, trying to raise money and avoid liquidation, on Monday asked a judge for permission to skip a big pension payment due this week, in its first move since filing for protection against creditors over the weekend.
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The board of ATA Holdings Corp.(ATAH.O: Quote, Profile, Research) , parent of low-cost air carrier ATA Airlines, has approved payments to key executives and employees who stay with the company after its bankruptcy filing
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Southwest Airlines Co. has offered to take nearly complete control of ATA Airlines Inc., a step that would foil ATA's plan to emerge from bankruptcy protection as a smaller carrier, according to a published report.
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Southwest Airlines said on Friday it will bid at least USD$100 million for assets of bankrupt ATA Airlines, including taking over six of ATA&#39;s 14 gates at Chicago&#39;s Midway Airport and selling tickets on some of each other&#39;s flights.
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ATA Holdings Corp., parent of ATA Airlines, the nation's 10th-largest carrier, filed for Chapter 11 bankruptcy reorganization yesterday, becoming the third U.S. airline operating under court protection.
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ATA Holdings Corp., the biggest airline at Midway Airport, sought bankruptcy protection Tuesday amid high fuel costs and losses, and agreed to transfer its Chicago operation and some other assets to AirTran Holdings for $87.
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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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ATA Airlines Inc. named its top financial executive to the new position of chief restructuring officer as the Indianapolis carrier appeared closer Monday to filing for Chapter 11 bankruptcy protection, possibly as early as Tuesday.
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ATA&#39;s parent corporation has appointed a chief restructuring officer amid heightened speculation that the nation&#39;s 10th-largest airline might be nearing bankruptcy.
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US Airways Group headed to bankruptcy court Monday to seek permission to keep flying during its second bankruptcy filing in two years.
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A deal to unload its gates at Chicago Midway Airport and two other cities for $87.5 million gives ATA Holdings Corp. a big advantage going into bankruptcy reorganization, experts say, both in negotiating better