Down-to-the wire talks to keep airlines afloat
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Both US Airways and United are negotiating concessions with unions to avoid liquidation.
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The US Airways pilots' union said it would resume talks with the airline, which is urging its unions to grant $800 million in cuts to save it from a bankruptcy filing.
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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 Group Inc. and its pilots union plan to resume talks on $295 million in pay and benefit cuts the carrier needs to help avoid a second bankruptcy filing, after each side made a proposal over the weekend.
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Delta Air Lines managers and pilots will meet again today and likely negotiate through the weekend to find a way to keep the airline staffed with pilots as many opt for early retirement.
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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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A group representing business travelers on Tuesday asked the US Congress to draft plans in the event that several major airlines are forced to liquidate.
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NEW YORK : Storms, skyrocketing fuel prices, cutthroat competition and labor costs have shaped turbulent times for US airlines, and the troubles are starting to trickle down to the low-cost carriers.
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Efforts to free up transatlantic air services have hit a stalemate with recent U.S. elections expected to make it more difficult to push through new airline ownership laws needed to secure an "open skies" deal, a U.S. transport official said Wednesday.
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Airlines, already lowering fares in  response to softening demand this fall, face additional  pressure on margins from tighter security measures after this  week's foiled bomb threat, experts said.
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Union leaders representing mechanics at Flyi Inc.'s Independence Air said Monday that contract negotiations have bogged down, and they raised the prospect of a strike at the 3 1/2-month-old airline.
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Orders are down, but Embraer investors should remain optimistic.
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Aviation executives are sharing a list of steps they can take to make passengersâ lives easier the next time a blizzard or another event strands planes on the ground.
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At a time when the airlines are facing their most difficult challenges in recent history, they are running through one chief executive after another.
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US Airways pilots have asked the airline to resume concession talks, but a union leader said Saturday he didn&#39;t expect it to forestall a bankruptcy filing today.
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The airline is offering the buyouts in an effort to cut costs as the discount carrier heads into a period of expected slower growth.
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Struggling airlines will stuff their  planes with passengers this week to start the holiday travel  season, but there is no expectation they will salvage much to  ease the sting of big losses this year.