Sorting Out The Winners if US Airways Doesn&#39;t Survive
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S Airways&#39; second trip to bankruptcy court holds both promise and peril for the nation&#39;s other major airlines. US Airways&#39; decision to seek Chapter 11 protection on Sunday could jolt unions
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com. With its pilots back at the negotiating table and one, albeit small, round of givebacks in the bag, US Airways is hoping for continued good news as it navigates its second bankruptcy filing in two years.
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Problems abound for air travel. But there is hope.
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ALEXANDRIA, Va.  - Bankrupt US Airways UAIRQ.OB  won court permission on Thursday to throw out machinists'  contracts if they do not agree to concessions quickly, while  the judge raised doubts about whether the carrier can survive  even with mammoth givebacks.
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At the airport, you hear all of the usual explanations: bad weather, mechanical difficulties, no crew available. But now there&#39;s another excuse you might hear as times get tougher for cash
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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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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) , squeezed severely by low-cost rivals and soaring fuel prices and failing in its drive for new
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With the misery that has plagued the airline industry recently, the last place you&#39;d expect to see some inspiring -- heck, potentially rule-breaking -- thinking would be from an airline entrepreneur.
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US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation and United said it wanted to terminate its labor contracts and would seek deeper cuts from its employees.
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ALEXANDRIA, VA. The former chief financial officer for US Airways is offering a bleak outlook for the carrier. Dave Davis told a bankruptcy court in Virginia the airline doesn&#39;t expect to turn a profit until 2007.
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When US Airways made its unsolicited takeover bid for Delta Air Lines last month, it jolted the recovering airline industry and sparked talk about a wave of potential mergers.
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The two major US airlines in bankruptcy have made tough choices about jobs and wages while largely protecting the free tickets and other perks offered to their frequent fliers.
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The bankruptcies at US Airways and United show that companies can face financial distress even when workers cooperate.
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Many airline companies are finding it difficult to make a profit. The International Air Transport Association says it expects the industry to lose up to four thousand million dollars this year.
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Major U.S. airlines, facing intense  competition from low-cost carriers within the United States,  are shifting their focus to international routes as they search  for ways to drum up profits.
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Onge and Mary Schlangenstein. US Airways said yesterday it can&#39;t attract $250 million needed to avoid liquidation and exit bankruptcy under its current recovery plan, the former chief financial officer said.
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US Airways Group Inc. must rely on daily revenue and cash to operate during its bankruptcy reorganization, leaving it vulnerable to liquidation unless the carrier can raise exit financing.