US Airways says withdraws Delta offer
311582
US Airways Group Inc. withdrew a $9.8 billion bid for bankrupt Delta Airlines on Wednesday, taking pressure off rival carriers to consolidate.
462620
ATLANTA -- Delta's official creditors committee threw its support behind the bankrupt airline's standalone reorganization plan on Wednesday, a decision that prompted US Airways to drop its hostile $9.8 billion bid to buy Delta.
400247
Delta Air Lines Inc., struggling to avoid a bankruptcy filing, had a third-quarter net loss of $646 million because of a drop in US airfares, higher jet-fuel costs and flight disruptions from Florida hurricanes.
519317
- Delta Air Lines said its board has rejected an $8.4 billion acquisition bid from rival US Airways Group Inc., calling the bid "structurally flawed" and plagued by antitrust and labor issues.
541059
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.
93385
Some bondholders of Delta Air Lines Inc.  have begun organizing an informal group to support US Airways Group Inc.'s  $8.78 billion takeover offer for the bankrupt carrier, a source close to the matter said on Wednesday.
462610
Delta Air Lines (DAL:NYSE - news - research) appears to have given up on part of a debt exchange that is part of its restructuring plan.
451058
Cost-cutting talks between US Airways and its machinist union broke off yesterday after the airline said the union&#39;s proposed money-saving ideas were not enough to help the carrier avoid bankruptcy.
213673
US Airways Group Inc.  said on Thursday it made a presentation to the management of bankrupt Delta Air Lines Inc.  and its creditor committee on its $8.5 billion offer to buy Delta.
90775
Delta Air Lines Inc., struggling to cut costs to avert bankruptcy, said on Thursday it was amending its offer to exchange up to &#36;680 million worth of its outstanding &#36;2.6 billion of unsecured debt, asking holders to submit tenders by Oct. 26.
479878
The plan values Delta Air Lines at $9.4 billion to $12 billion and said its board has rejected US Airwaysâ $8.5 billion bid.
144944
WASHINGTON -- US Airways and the lead negotiators of its pilots union reached a tentative, $300 million annual cost-cutting agreement early Friday morning, a move that the airline says will help it emerge from bankruptcy.
517343
Delta Air Lines says its pilots union decided to get back retired pilots of the company in order not to cancel flights as Delta already suffers huge losses.
663046
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.
198862
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.
142309
US Airways Group Inc.  is set  to meet representatives of bankrupt Delta Air Lines Inc.   and a key group of its creditors in New York on  Thursday, sources familiar with the matter said.
722218
US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union