US Air Shares Plummet, Others Follow
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US Airways Group Inc. shares plunged Monday after the troubled air carrier filed for bankruptcy for the second time in two years, and the industry&#39;s financial turmoil persuaded investors to yank cash out of others in the sector.
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Shares of Air Canada  AC.TO fell by  more than half on Wednesday, after the Toronto Stock Exchange  said it was reviewing the company's stock to determine if it  meets listing requirements.
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World stocks tumbled on Monday as fears gripped investors that a sliding U.S. economy would drag others down with it.
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Asian stocks edged lower in Monday trade, led by airlines and other travel related firms, as investors reacted to a devastating earthquake and tsunami that killed thousands of people across parts of South and Southeast Asia.
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US Airways shares tumbled Tuesday over doubts that the airline can obtain $800 million in wage and benefit cuts that it is seeking from its employees.
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London equities tracked heavy overnight falls in the US and Asia with the FTSE 100 trading sharply lower on Wednesday.
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Orders for long-lasting U.S. durable goods slipped unexpectedly in August as civilian aircraft demand plunged, but beat forecasts once transportation was stripped out, government data showed on Friday.
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Shares in Ryanair Holdings PLC plummeted Monday after Europe's top no-frills airline reported flat third-quarter profits and warned of tough times ahead because of high fuel costs and fears of a recession.
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US Airways Group on Friday asked other unions to follow the pilots in accepting rollbacks as the airline struggles under bankruptcy.
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Shares of Air Canada (AC.TO: Quote, Profile, Research) fell by more than half on Wednesday, after the Toronto Stock Exchange said it was reviewing the company&#39;s stock to determine if it meets listing requirements.
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US Airways Group Inc. stock fell as much as 21 percent in early trading after leaders of the airline&#39;s pilots union rebuffed a plan to cut $295 million in wages and benefits the company
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Investors pulled back from shares of major air carriers Friday as concerns loomed that US Airways Group Inc. and Delta Air Lines Inc.
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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 and rising oil prices.
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Fears of a US slowdown and mortgage market woes prompt a share slump in Europe, Asia and Wall Street.
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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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Shares of US airlines declined in Monday trading activity, led lower by an analyst downgrade on Northwest Airlines Corp. and crude oil prices that rose well into the $53-per-barrel level at midday.
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Wall Street fell sharply Tuesday, joining a global stock decline sparked by growing concerns that the U.S. and Chinese economies are cooling