US Airways bankruptcy to hit EDS earnings
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SEPTEMBER 16, 2004 (IDG NEWS SERVICE) - The financial performance of Electronic Data Systems Corp., which has been on a bumpy flight pattern for about two years, has hit more rough air as a result of US Airways Group Inc.
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INDIANAPOLIS An attorney says the parent company of the nation&#39;s tenth-largest airline is expected to file for bankruptcy today.
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TEMPE, Ariz., Oct. 25  â The US Airways Group said Thursday it swung to a profit in the third quarter as its revenue rose and it reduced the number of flights flown.
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US IT services giant EDS Corp., which employs about 1,400 staff in Ottawa, may cut up to 20,000 jobs over the next few years as it attempts to reduce costs by US$3 billion.
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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 third-quarter profit by as much as 3 cents a share.
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ALEXANDRIA, Va. US Airways is warning a bankruptcy judge that it may have to liquidate as soon as February unless the judge imposes temporary pay cuts of 23 percent on the airline&#39;s union workers.
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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.
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Electronic Data Systems Corp. EDS.N  on Monday posted a higher-than-expected profit thanks to cost  cutting, but it forecast 2005 earnings would fall short of  analysts' estimates as it hopes to bring back growth by  investing $1 billion in key areas this year.
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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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Local airports and competing airlines are preparing themselves for a world without US Airways. The bankrupt airline faces several financial hurdles that will determine whether it survives beyond next month. What's more, the carrier is coming off a Christmas weekend in which a large number of employees calling in sick left thousands of passengers -- and their luggage -- separated ...
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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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Bankrupt airline US Airways will ask a  bankruptcy court judge to impose emergency pay cuts of 23  percent on its major unions, the New York Times reported late  on Thursday.
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US Airways Group, Inc., filed for bankruptcy Sunday for the second time in two years after failing to win needed wage and benefit cuts from its unions.
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ALEXANDRIA, Va.  - US Airways Group Inc. probably  will need more cost cuts or a boost in revenue to attract the  $250 million in equity it says it needs to leave bankruptcy  next year, the company said on Thursday.
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FORT WORTH, Texas _ Intense competition, rising fuel prices and the wave of hurricanes in Florida socked American Airlines&#39; finances last month, executives said Wednesday, and will likely hurt the airline&#39;s third-quarter results.
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ALEXANDRIA, Va. &#151; 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.
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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.