US Airways Needs More Savings To Attract Investors
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US Airways probably will need more cost cuts or a boost in revenue to attract the USD$250 million in equity it says it needs to leave bankruptcy next year, the company said on Thursday.
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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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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&#39; (UAIRQ:OTC BB - news - research) passenger service employees approved a package of concessions estimated to save the airline about $137 million a year.
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The story for bankrupt air carrier United Airlines (OTC BB: UALAQ) is a simple one: It doesn&#39;t have enough cash on hand to take care of all of its obligations.
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US Airways&#39; (UAIRQ:Nasdaq - news - research) shareholders looking for a stock quote will need to use a different ticker, starting Wednesday.
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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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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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US Airways upped its $8.5 billion offer by 20%, but United and Northwest have emerged as possible buyers.
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Fliers also forgo raises through 2009 in move that saves firm $1 billion yearly and increases stock prices. By Doug Gross / Associated Press.
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US Airways (UAIR) executives Tuesday held out hope of reaching a key money-saving deal with pilots, despite a major setback late Monday.
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US Airways also asks a judge to approve pay and benefit cuts to help save the carrier from going under. By Associated Press. ALEXANDRIA, Va.
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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.
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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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Lufthansaâs investment in JetBlue, the struggling discount carrier, is the latest example of a foreign companyâs taking advantage of the weak dollar to invest in a prominent American company.
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Pressured by the prospect of bankruptcy, US Airways Group Inc. proposed last-ditch cost-saving offers to its pilots and flight attendants unions yesterday.
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