US Airways withdraws Delta offer
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US Airways Group  on Wednesday said it withdrew its takeover offer for Delta Air Lines  after Delta's official creditor committee informed US Airways that it would not support the bid.
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Delta Air Lines and its pilots union recessed today without reaching an agreement on pay cuts that are key to the carrier&#39;s efforts to avoid bankruptcy.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, the union says.
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Delta Air Lines Inc. formally rejected a bid by smaller rival US Airways Group Inc. and filed its own long-awaited plan to emerge from bankruptcy on Tuesday, valuing the carrier at up to $12 billion.
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Delta Air Lines Inc., the third-largest US carrier, reached a tentative agreement with its pilots union on pay reductions, according to a statement by the union.
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Pact with union may allow the No. 3 airline to avoid a bankruptcy filing, newspaper says. NEW YORK (CNN/Money) - Delta Air Lines and its pilots union reached an agreement on concessions that could allow the
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ATLANTA -- Delta Air Lines and its pilot union plan to resume talks on pay cuts Monday in Washington, after failing to reach agreement Sunday.
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A Delta subsidiary is taking to the skis today following a Christmas Day full of canceled flights. Yesterday the carrier canceled all of its eleven hundred flights.
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Stock in bankrupt US Airways Group Inc. will be formally removed from the Nasdaq Stock Exchange on Sept. 22, the company said. Until then, the stock will remain on the exchange with the ticker symbol UAIRQ.
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The board of Delta Air Lines Inc.   met by conference call to discuss US Airways Group  Inc.'s  $8.5 billion hostile bid, but the directors are  not expected to issue a formal position on the offer for  several days, the Wall Street Journal reported on its Web site  on Tuesday, citing people familiar with the matter.
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A bankruptcy judge on Thursday canceled a collective bargaining agreement between US Airways and its machinists union, providing millions of dollars in annual savings that the airline says will relieve pressure for a quick liquidation.
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(September 11, 2004) - US Airways made a last-ditch contract offer to the union that represents its pilots Friday as the airline tries to avoid a second bankruptcy filing that may be just be days away.
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Talks between US Airways (UAIR.O: Quote, Profile, Research) and the airline&#39;s pilots union over a new round of concessions broke down on Monday, the union said.
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Shares of US Airways Group Inc.  UAIR.O slid as much as 23 percent on Tuesday after leaders of  its pilots union rejected the company's latest contract  proposal, dealing a blow to its attempt to avoid a second trip  through bankruptcy.
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Delta Air Lines Inc. formally rejected a bid by smaller rival US Airways Group Inc.  on Tuesday and filed its own long-awaited plan to emerge from bankruptcy that would value the carrier at up to $12 billion.
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ATLANTA -- US Airways Group Inc. will pitch its $8.6 billion unsolicited offer for Delta Air Lines Inc. in a meeting this week with Delta and the committee representing the unsecured creditors in Delta's bankruptcy case, a lawyer for the committee said Tuesday.
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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. might soon declare bankruptcy, in what would mark yet another major setback to the embattled industry.