EDS hit by US Airways&#39; Chapter 11
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EDS (Electronic Data Systems) warned yesterday that its third quarter earnings would take a significant hit from US Airways&#39; Chapter 11 filing on Sunday.
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MAXJet Airways Inc , an  all-business class airline, has filed for Chapter 11 bankruptcy  protection from creditors after canceling all flights earlier  this week, according to court documents.
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The parent company of Dulles-based Independence Airlines reported an $82.7 million loss in the third quarter, and warned it could file for Chapter 11 bankruptcy protection if unable to renegotiate payments due January.
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ATA Airlines parent ATA Holdings Corp. filed for protection from creditors under Chapter 11 of federal bankruptcy law late Tuesday, and two other airlines immediately showed interest in ATA assets.
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The pressure on US Airways mounted last night after talks with its pilots aimed at cutting nearly $300m (Â£163m) in costs broke down.
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Electronic Data Systems Corp., the world&#39;s second-largest seller of computer services, said US Airways Group Inc.&#39;s bankruptcy will cut third-quarter profit by as much as 3 cents a share.
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By Andrew Osborn in Moscow and Katherine Griffiths in New York. Yukos emitted what appeared to be its final death rattle yesterday, filing for Chapter 11 bankruptcy in the United States just four days before
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The airline industryâs financial crisis deepened yesterday as cash-strapped US Airways Group Inc., the nationâs seventh-largest carrier, filed for bankruptcy protection for the second time in two years.
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ATA Airlines yesterday became the first major low-fare airline to seek Chapter 11 bankruptcy protection, a move that immediately set off a bidding war for the company and its assets.
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US Airways, in its latest effort to cut costs under bankruptcy protection, is stripping former executives and board members of their ability to travel free in first class, the airline said yesterday.
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US Airways&#39; struggle to survive began 27 years ago, with a visit from economist Alfred Kahn. This is one in an occasional series about the rise of US Airways, the
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US Airways' unions say the bankrupt airline is ''barking up the wrong tree&quot; as it seeks to ensure its solvency by imposing a 23 percent pay cut on its workers.
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Delta Air Lines Inc.  could file for Chapter 11 bankruptcy protection as soon as next week, the Washington Post reported in its Saturday edition, citing an unnamed source familiar with the situation.
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ATA Holdings Corp. (ATAH), parent of struggling low-cost carrier ATA Airlines, on Tuesday filed for Chapter 11 bankruptcy protection as falling fares and soaring fuel prices drained it of cash.
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A bankrupt US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation, and the airline industry&#39;s other bankrupt company, United, said
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The airline sector, clouded by US Airways Group Inc.&#39;s recent bankruptcy and Delta Air Lines Inc.&#39;s impending financial shortfall, sank deeper in Monday trading as low-cost carriers took a hit from lowered analyst ratings.
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Major US airlines yesterday reported heavy third quarter losses, under pressure from record fuel prices and fierce competition with budget carriers.